The State Council said it will work to increase residents’ incomes, promote sustainable income growth and expand property-related income channels, all of which are aimed at stimulating domestic consumption.

China’s consumer inflation accelerated for the first time since August, caused by a burst of household spending around the Lunar New Year holiday even as deflationary pressures persist.

China will boost residents' income to support consumer spending, according to a cabinet meeting hosted by Premier Li Qiang, the national television broadcaster CCTV reported on Monday.