The Chinese government and Communist Party have outlined a plan to boost domestic consumption in response to escalating economic warfare with the US. The plan includes measures such as larger pensions, better medical benefits, and higher wages, but many of these tasks are assigned to struggling local governments. China is seeking to rebalance its economy away from its dependence on trade surplus, which has been hit by tariffs imposed by the US and other countries. The plan also aims to reassure the Chinese public about the safety of their investments and stabilize the stock market and real estate market.