Thread by @ChinaFinance40

Boosting domestic demand &accelerating the formation of a new development pattern in which domestic &international markets reinforce each other should be the focus for China’s economic strategy in the next stage.The implication of “building a complete domestic demand system”: 1/6

1. The building of a complete domestic demand system must focus on stabilizing market expectations and increasing investment enthusiasm of the private sector. 2/6

2. Focus on improving the efficiency of resource allocation through supply-side structural reform, as at present there are still many weak links on the supply side with the ongoing consumption upgrading. 3/6

3. It must be based on more employment and sustained increase in personal income. The foundation of domestic demand is income and employment, without which there would be no domestic demand. 4/6

4. It must give better play to the role of government in expanding domestic demand and maintaining market integrity. 5/6 #dualcirculation

5. It requires a new pattern of development in which domestic and external demands are compatible and complementary, and domestic and international circulations can boost each other: new.cf40.org.cn/uploads/202008… 6/6