Core Viewpoint - The State Council meeting on January 16 emphasized the importance of boosting consumption and fostering new growth points in service consumption, aiming to enhance residents' consumption capacity and drive economic growth through effective policy implementation [1][2]. Group 1: Consumption Growth - In the first 11 months of 2025, China's total retail sales of consumer goods grew by 4.0%, with an expectation to exceed 50 trillion yuan for the first time in the entire year [1]. - The growth rate of service retail outpaced that of goods retail by 1.3 percentage points, indicating strong vitality and potential in the service sector [1]. Group 2: Policy Implementation - The meeting highlighted the need for a coordinated policy approach to enhance the effectiveness of consumption-boosting measures, focusing on improving livelihoods and well-being to transition consumption from policy-driven to sustainable endogenous growth [1][2]. - A series of measures were proposed to improve service consumption quality, address issues related to credit, standards, and safety management, and promote the integration of service consumption with income growth and paid leave systems [2]. Group 3: Service Consumption Opportunities - The Ministry of Commerce identified several fast-growing service consumption sectors, including transportation, housekeeping, online audio-visual services, and tourism, as well as promising areas like performances, sports events, and experiential services [3]. - The meeting called for the removal of unreasonable restrictions and the establishment of supportive policies to cultivate new growth points in service consumption [3].