China will make active efforts to boost consumption and expand domestic demand on all fronts as one of the priorities for the economic work in 2025, according to the Central Economic Work Conference that concluded last week.

Consumption is the top driving force of the country's economic growth. In 2023, the final consumption expenditure contributed 82.5 percent of the country's overall GDP growth, while retail sales set a new record of 47.15 trillion yuan ($6.47 trillion).

China's incentives for consumer goods trade-ins have driven sales of related products to exceed 1 trillion yuan since the beginning of this year. The country will promote trade-in programs with greater intensity and scope next year.

The country will also create new consumption scenarios and implement a special campaign to stimulate consumption, and make further efforts to develop the debut economy, ice and snow economy and silver economy.