On August 21, Vice Minister of Finance Liao Min said at the press conference of the State Information Office that in the next step, the Ministry of Finance will focus on employment and income growth requirements in accordance with the “15th Five-Year Plan to Expand Consumption” and systematically plan strategic measures to improve residents' consumption capacity. In the short term, the main thing is to give full play to the effectiveness of current policies and push for better and faster implementation of various policies and measures. In the medium to long term, it is mainly through continuously improving social security capabilities, deepening the reform of the income distribution system, and strengthening redistribution adjustments such as tax transfers to continuously consolidate the foundation that residents can consume, dare to spend, and are willing to spend.

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