Boosting domestic demand will help China pursue higher-quality economic growth and deal with external risks and challenges, Xinhua said, citing the 2022-2035 plans issued by the cabinet.
“We must firmly implement the strategy of expanding domestic demand, expanding residents’ consumption and effective investment, enhancing the resilience of economic development, and promoting sustainable and healthy economic development,” Xinhua said.
The move to boost domestic demand will support the country’s “dual circulation” strategy, according to Xinhua.
China has put forward a “double circulation” strategy for the next phase of economic development that will primarily rely on “internal circulation”: the internal cycle of production, distribution and consumption, supported by innovation and improvements in the economy. .
The skyrocketing number of covid-19 cases in China began before the government decided to relax restrictions, the World Health Organization (WHO) said.
According to the Chinese authorities, cases began to rise in Beijing after the government abruptly abandoned its “covid zero” policy, after almost three years of mass testing of the population and systematic quarantines.
The director of emergencies of the WHO, Michael Ryan, said that the disease was spreading with intensity because the control measures by themselves were not stopping it”, argued the person in charge, who had an impact on the high rate of contagion of the omicron variant.
Source: Ambito
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