China Boosts Domestic Demand with Quality Goods
China will ramp up the production of high-quality consumer goods and explore new services growth areas to stimulate domestic demand and support economic growth. Consumption, a primary economic driver, contributed 52% to last year's growth, says National People's Congress spokesman Lou Qinjian.
- Country:
- China
China is set to increase its output of high-quality consumer goods while also fostering new growth points in services consumption. This move is aimed at boosting domestic demand to support economic growth this year.
Consumption has emerged as the main driver of China's economy, contributing 52% to the nation's economic growth last year. National People's Congress spokesman Lou Qinjian emphasized this in a statement to reporters on Wednesday.
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