February 28, 2025 07:41 GMT
MNI BRIEF: Xi Calls For Greater Consumption To Boost Demand
MNI (BEIJING) - China will further boost consumption to expand domestic demand as the external environment deteriorates, according to President Xi Jinping in his latest article published by Qiushi magazine.
The country will accelerate the process of addressing the shortfalls in domestic demand, especially in consumption, so that it becomes the main driving force for economic growth and a stabilising anchor, Xi added.
He called for striking a balance between market and government, and between supply and demand. The country will also upgrade traditional industries, which are fundamental to economic growth and employment income, he said. (See MNI: China To Ensure 5% GDP Amid Export Uncertainty: CASS's Yu)
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