BEIJING: China plans to roll out new policies from 2026 to 2030 to spur domestic consumption and tackle "prominent" imbalances in supply and demand, with the services sector becoming a key focus, a state planning official said on Tuesday (Jan 20).

Chinese leaders have pledged to "significantly" lift household consumption's share of the economy over the next five years, but analysts say the task would be challenging without structural reforms and demand-side stimulus.

"The issue of having strong supply but weak demand in the current economic operation is indeed a prominent problem," Wang Changlin, vice head of the National Development and Reform Commission (NDRC), said at a press conference.

https://www.channelnewsasia.com/east-asia/china-plan-new-measures-consumption-next-five-years-5870041

(http://www.autoadmit.com/thread.php?thread_id=5825335&forum_id=2Vannesa#49610796)