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China Daily / 2021-04 / 08 / Page008

Creating a system to boost demand key to prosperity

China Daily | Updated: 2021-04-08 00:00

As China's economy shifts to higher-quality development, the top authorities have decided to give full play to the role of consumption in order to build a new development paradigm in which domestic circulation will play the primary role, and domestic and international circulations will reinforce each other.

It is necessary to expand domestic demand, given the profound changes taking place in the domestic and international environments. The country needs to increase investment to ensure domestic demand continues to expand.

It should promote the integration of domestic demand with supply-side structural reform to ensure innovation-driven development and higher-quality supply trigger new demand.

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