Xi said China must resolutely implement a strategic plan for expanding domestic demand, alongside efforts to push supply-side reforms. Read more at straitstimes.com.
BEIJING – China will establish a long-term mechanism for boosting consumption so that consumers will have stable income and can spend “without worries”, China’s President Xi Jinping was quoted as saying by state media on Wednesday.
“We will establish and improve a long-term mechanism to expand residents’ consumption, so that residents can consume with stable incomes, dare to spend without worrying about the future, and have a strong desire to spend in a good consumption environment,” Xi said.
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