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China To Focus On Expanding Domestic Demand

CHINA PRESS
MNI (Singapore)

China will focus on smoothing the domestic cycle of supply and demand to boost economic growth, wrote Zhang Wenkui, researcher at the Development Research Center of the State Council in a commentary published by Caixin after President Xi Jinping's speech at the 20th CPC National Congress on Sunday. Top policymakers have been urged to drive domestic demand by improving people’s livelihood, accelerating the development of service sectors, and increasing the size of the middle class since 2011, but growth still heavily relies on investment and exports with a lower contribution from consumption, wrote Zhang. Maintaining disposable income at a good level is key, Zhang added.

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