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China aims to expand domestic demand, improve business environment


 , Updated 22:49, 05-Mar-2024

China will integrate its strategy to expand domestic demand with efforts to deepen supply-side structural reform, according to a government work report submitted to the national legislature for deliberation on Tuesday.

China will promote steady growth in consumption spending, and launch policies to promote digital, environmentally friendly and health-related consumption, according to the report, which added that the country will boost spending on intelligent connected new-energy vehicles, electronic products and other big-ticket items.

The country will launch a year-long program to stimulate consumption, the report said, adding that it will increase effective investment.

Stressing that the country will continue to deepen reform and boost internal momentum for development, the report said China will foster a world-class business environment that is market-oriented, law-based and internationalized, and strive to build a high-standard socialist market economy.

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