On January 3, the Xiamen Municipal Bureau of Commerce issued "Several Measures to Stabilize Business Economic Growth in the First Quarter of 2023" (hereinafter referred to as "Several Measures"), introducing four new capital policies aimed at promoting consumption recovery. The first is to encourage each district to augment its consumption contribution; the second is to support enterprises to expand their retail scale; the third is to provide backing for enterprises as they expand their catering scale; and the fourth is to boost subsidies for enterprises participating in overseas exhibitions. Each of the four policies are highly targeted and substantive. Rewards will also be handed out to the city's top three districts with a high contribution rate involving retail sales of consumer goods. The issuance of "Several Measures" carries practical significance to better coordinate overall development and security while boosting market confidence, helping out trouble-ridden enterprises, and accelerating the recovery and development of commerce, trade, and other sectors.
