China’s State Council convened on 22 Aug 2025 to outline a package of measures intended to revive domestic demand amid a slowdown in household and corporate spending, according to reports carried by state broadcaster CCTV and other official outlets. The meeting endorsed an expanded equipment-upgrade and consumer-goods trade-in programme that will be backed by additional loans and targeted subsidies. Ministers said implementation mechanisms would be tightened and warned that subsidy fraud would be “strictly combated.” To lift household consumption, the cabinet said it will promote sports spending by increasing the supply of sports gear and organising more events, while also exploring new consumer-investment products. Broader steps include improving the finance and tax environment and creating what officials called a more predictable investment climate.