BEIJING (China Daily/ANN): Unleashing the potential of consumer spending will be the priority for China's economic policies as it endeavours to foster a new development paradigm during the 14th Five-Year Plan period (2021-25), officials with government think tanks and experts said over the weekend.
The expansion of domestic demand is a must for China as it seeks to foster a new development pattern with domestic circulation as the mainstay and domestic and international circulation reinforcing each other, Xie Fuzhan, president of the Chinese Academy of Social Sciences, said in a speech on Saturday (Nov 14) at the 86th International Forum on China Reform in Haikou, Hainan province.
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