Beijing aims to make domestic demand a stronger economic driver, but must first tackle lagging income growth, widening inequality and a shortage of quality services
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China has laid the groundwork for its 15th Five-Year Plan, targeting a significant increase in the household consumption ratio to establish domestic demand as a stronger engine of economic growth.
Facing a volatile world, Beijing has renewed its focus on economic and industrial planning.
Hainan to become first Chinese province to ban combustion engine vehicle sales,
China on Monday released its first five-year plan dedicated exclusively to expanding consumption, marking a significant upgrade…
Beijing’s new consumption plan prioritizes services, durable goods and stronger household income as weak demand weighs on growth
Beijing has spent decades relying on exports and innovation but that model is now under strain.
Blueprint prioritizes risk control, affordable housing and institutional reform as Beijing shifts away from growth-driven real…
