China's government has laid out a comprehensive plan to boost consumer spending as weak domestic demand continues to weigh on economic growth. The People's Bank of China plans to shift the financial sector's focus towards benefiting people's livelihoods and boosting consumption over the coming months. The State Council has issued 'Opinions on Promoting High-Quality Development of Service Consumption,' which includes supporting the development of e-sports, social e-commerce, and live e-commerce. Additionally, China aims to improve the quality of online literature, performances, and online games. The government has designated 20 key steps to expand basic consumption in areas such as catering, home services, and elder care. Fiscal support for the rest of the year will focus on boosting incomes and social welfare. Despite these measures, China has struggled to rebalance its economy towards consumption over the past two decades. The new guidelines were issued on Saturday and include subsidies for households.