Expand Household Income To Reach Goals - Expert

China must reform its economy to stabilise exports while expanding household as a percentage of GDP, according to Liu Xinghua, director of the China National Innovation and Development Strategy Research Association. China was entering a crucial seven years where it must maintain reasonable economic growth to achieve Beijing's high quality development goals. Liu said working class people would benefit from a better income distribution system and reduced tax burden. Officials need to improve basic guarantees in housing, medical, elderly care, and education. Liu expected the national growth target in 2024 at around 5% despite the 31 provinces setting their weighted average GDP target at 5.4%.