CCP Pushes Mandatory Consumption Upgrades Amid Economic Decline and Wealth Disparity

Chinese Premier Li Qiang (bottom L) stands at the podium during his speech at the opening of the NPC, or National People's Congress, at the Great Hall of the People in Beijing, China on March 5, 2024. Kevin Frayer/Getty Images

Commentary

Recently, a spokesperson from the China Household Electrical Appliances Association (CHEAA) published an article encouraging Chinese consumers to replace household appliances once they reach their shelf life. This is part of Xi Jinping’s policy of stimulating consumption in China.