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Construction site of the Chongli Railway in Zhangjiakou, North China's Hebei province. [Photo/Xinhua]
Consumer spending represents about 70 percent of the US gross national product. The stimulus package is intended to prevent a downward economic spiral where unemployment means less spending and that causes others to lose their jobs, creating further disruption as the cycle repeats.
Consumption has become a main driver of the Chinese economy, and Shanghai has maintained its position for three years in a row as the nation's top city for retail sales of consumer goods. In 2019, Shanghai reported total sales revenue of 1.35 trillion yuan in consumer products, Hua added.
Courts might also issue orders to curb possible high consumption by blacklisted parties. For instance, high-end travel modes, star hotels, night clubs and games of golf were all forbidden, while purchase of real estate projects, or new construction, expansion and high-end decoration of houses were also banned. Parties should not buy vehicles nonessential for business operations, take vacations, send children to expensive private schools, or buy costly insurance and wealth management products.
Costly upkeep
来源：资阳报