Guangdong Province, south China - Recent (CCTV - No access Chinese mainland)
1. Various of pedestrians
2. Various of customers buying home appliance, car, phone

Beijing, China - July 30, 2025 (CCTV - No access Chinese mainland)
3. SOUNDBITE (Chinese) Liu Yuanchun, president, Shanghai University of Finance and Economics (starting with shot 2/ending with shots 4-6):
"Several livelihood policies have already been rolled out in the first half of the year. Building on the plan on special initiatives to increase consumption released in March, further measures are expected in the second half, particularly in education. Beyond pre-school education, we can anticipate subsidies for students in need, educational support, subsidies for vulnerable groups and services for senior citizens and children."

Guangdong Province, south China - Recent (CCTV - No access Chinese mainland)
4. Park
5. Various of parents, children in park

Liaoning Province, northeast China - Recent (CCTV - No access Chinese mainland)
6. Various of nurse taking care of baby
7. Various of pregnant women in hospital
8. Various of nurse taking care of newborn

Beijing, China - July 30, 2025 (CCTV - No access Chinese mainland)
7. SOUNDBITE (Chinese) Liu Yuanchun, president, Shanghai University of Finance and Economics:
"Improving people's livelihoods to expand consumption is not only about addressing current shortfalls in consumption but also about strengthening the consumption rate at the institutional level. This is an important theme for the 15th Five-Year Plan period (2026-2030)."

Shanghai, China - Recent (CCTV - No access Chinese mainland)
8. Various of pedestrians, buildings
9. Various of young people at mall

China will further expand consumption by prioritizing the improvement of people's livelihoods in the second half of this year, said an economist while commenting on the meeting held by the Political Bureau of the Communist Party of China (CPC) Central Committee on Wednesday.

The meeting analyzed and studied the current economic situation and made arrangements for economic work in the second half of this year.

A key takeaway from the meeting was the emphasis on stimulating consumption demand while securing and improving people's livelihood.

Liu Yuanchun, president of the Shanghai University of Finance and Economics, offered his insights on how this strategy will be implemented in an interview with the China Media Group.

"Several livelihood policies have already been rolled out in the first half of the year. Building on the plan on special initiatives to increase consumption released in March, further measures are expected in the second half, particularly in education. Beyond pre-school education, we can anticipate subsidies for students in need, educational support, subsidies for vulnerable groups and services for senior citizens and children," he said.

"Improving people's livelihoods to expand consumption is not only about addressing current shortfalls in consumption but also about strengthening the consumption rate at the institutional level. This is an important theme for the 15th Five-Year Plan period (2026-2030)," Liu concluded.