China Economic Roundtable – Domestic demand unlocks new growth opportunities: official
►► Expanding China’s domestic demand will create new opportunities for growth across multiple sectors, an official said in the latest episode of the China Economic Roundtable, an all-media talk show hosted by Xinhua News Agency.
Domestic demand is a « home market that will not move away, » and its growth will increase the country’s market capacity and bolster economic circulation, according to Huang Lianghao, an official of the Research Office of the State Council.
Huang made the remarks while discussing this year’s government work report, which was submitted to the national legislature for deliberation on Wednesday. Domestic demand will be made the main engine and anchor of economic growth, according to the report.
« We should adopt a comprehensive approach and identify key areas to unleash all potential of domestic demand, » the official said.
Increasing spending power is one of the key measures to boost consumption outlined in the report. According to Huang, this is the most fundamental task aiming to ensure that people have enough money to spend.
Huang also called for efforts to address the most pressing issues hindering consumption, as well as to improve the overall consumption experience and boost people’s willingness to spend. ■
By Xinhua
