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CHINA PRESS

China's local governments should focus on expanding domestic consumption and encouraging innovation so the economy can reach GDP growth targets of 6%-10%, the state-run Economic Information Daily reported. Local governments should adapt to the normalization of epidemic prevention, focus on developing the digital economy and boost investment through infrastructure programs, the newspaper reported citing Gao Ruidong, chief economist from Everbright Securities. The consumption potential of rural areas should be raised through increasing employment, public consumption and social security, Gao told the newspaper.