The news: China’s retail sales grew 4.0% YoY in January and February, up from 3.7% in December and ahead of the 3.8% median forecast, per Bloomberg.

To sustain that momentum, Beijing unveiled a 30-point “special action plan” aimed at boosting consumption. Key measures include:

• Increasing incomes to drive spending
• Halting property price declines to restore confidence in the housing market
• Stabilizing the stock market to encourage investment
• Providing child-care subsidies to ease families’ financial pressures