Xi Urges Efforts to Spur Consumption to Drive Growth Rebound

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Chinese President Xi Jinping called for enhanced efforts to boost consumption in order to realize a virtuous economic cycle, as the world’s second largest economy gradually recovers from Covid Zero.

The nation should focus on expanding consumer demand supported by income, according to a readout of a Tuesday meeting of the Politburo, the Communist Party’s top decision-making body. The meeting was chaired by Xi.