China outlines reform priorities to boost growth

Key driver: Visitors near the outer wall of the Forbidden City in Beijing. China’s retail sales of consumer goods posted a 12.5% year-on-year increase last year. —Bloomberg

BEIJING: China will carry out major reform measures to further stimulate growth and reduce pressure on its economic and social development, according to the country’s top economic planner.

Reforms will focus on five areas, including stimulating the vitality of market entities, stabilising growth, expanding domestic demand, promoting high-level opening-up and pushing green transition, Lian Weiliang, deputy director of the National Development and Reform Commission (NDRC), told a press conference.