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State Council Plans To Boost Domestic Demand- China Securities News

CHINA PRESS

The State Council has issued a report detailing plans to enhance domestic demand from 2022- 2035, according to China Securities News. The plan cites the need for capital markets to serve the real economy, and to cultivate a complete domestic demand system by 2035. Growth in domestic demand is inevitable as China moves to a new development model, with domestic circulation the main driver of economic growth, the newspaper said citing experts. There is a need for effective investment in sectors like infrastructure upgrading and technological transformation to enhance high quality growth. Improving people's livelihoods under urbanisation and rural-revitalisation is key to increasing domestic consumption, another vital engine of domestic demand, the paper said.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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