China’s Xi Urged Stronger Measures to Boost Domestic Demand
- Recovery, expansion of consumption needs to be priority: Xi
- Speech Xi gave in December published in Qiushi magazine
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China is facing insufficient demand this year and the country needs “more forceful measures” to expand domestic spending, President Xi Jinping said late last year in a speech which promised more favorable policies to support private and foreign businesses.
China must give priority to the recovery and expansion of consumption in 2023, Xi said last December, according to an excerpt of a speech he gave at the Central Economic Work Conference. The excerpt was published Wednesday in the Communist Party magazine Qiushi.