China Grapples with Boosting Domestic Demand, Seeks Tailored Solutions
China is struggling to stimulate domestic demand, with officials acknowledging that no single solution will work, as highlighted during the annual "two sessions" press conference.
Source Diversity
Source Diversity
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As China struggles to boost demand, no one-size-fits-all solution will work
During a press conference of the annual “two sessions”, National People’s Congress spokesperson Lou Qinjian referenced the grass-roots football league Suchao or Su Super League, which drew millions of spectators in Chinese stadiums last year. At a time when boosting domestic demand tops Beijing’s economic agenda, discussing an amateur sports tournament at the national podium goes beyond mere cultural commentary. It hints at something broader about how policymakers are approaching the consumpt...
By Lizzi C. Lee,Huiyan Li
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