China has launched a 19-point plan to better align the supply of consumer goods with demand, as Beijing steps up its efforts to rebalance its economy towards a consumption-driven growth model.
A document outlining the plan that was issued by the Ministry of Industry and Information Technology and five other departments on Wednesday laid out goals that included the cultivation of three consumption sectors each worth over 1 trillion yuan (US$141.2 billion) by 2027, as well as 10 hotspots worth 100…
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