More Support Needed To Boost Domestic Consumption - Yicai

Authorities should implement policy support to boost domestic consumption and ensure China can transition to a dual-circulation model of development, according to an editorial from Yicai. The economy should not overly depend on foreign trade, which remains uncertain despite strong export growth in March. The government needs to secure long-term domestic spending by promoting stable employment and increasing income levels, thereby ensuring a sustainable transition to the dual circulation model of development. The news agency noted increased residents deposits in Q1showed the reliability of domestic circulation needs improving.