The CITIC SEC Research Report indicated that on March 16, the "Special Action Plan to Boost Consumption" was officially released, marking a comprehensive upgrade and innovation of China's Consumer policy. This plan deploys 30 key tasks across 8 areas, emphasizing the following six aspects: 1) Promoting income increase through multiple channels is the primary task to vigorously boost Consumer spending, addressing the "can we" consume issue; 2) Enhancing consumption capability protection in all aspects to eliminate the "do we want" to consume issue; 3) Continuously pushing the Real Estate market to stabilize and recover, better meeting residents' housing consumption needs and protecting the recovery of residents' balance sheets; 4) Continuing to focus on the optimization of the consumption supply side, implementing actions to improve service consumption quality and elevate consumption standards; 5) Optimizing the consumption environment, reducing consumption restrictions, and further releasing consumption potential; 6) Coordinating fiscal and financial policies to promote consumption and building a more favorable policy system for encouraging Consumer spending. It is expected that with the support of the comprehensive Consumer policy package, the social retail growth rate is likely to achieve around 4.8% growth in 2025, an increase of 1.3 percentage points from last year, becoming an important ballast against external risks.