China plans new measures to spur consumption for next five years
Government
BEIJING: China plans to roll out new policies from 2026 to 2030 to spur domestic consumption and tackle "prominent" imbalances in supply and demand, with the services sector becoming a key focus, the country's state planner said on Tuesday (Jan 20). Chinese leaders have pledged to "significantly" lift household consumption's share of the economy over the next five years, though they have not given a specific target. "The issue of having strong supply but weak demand in the current economic
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