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September 23, 2020

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New Consumption

The General Office of the State Council has issued a guideline on accelerating the development of new consumption based on new business forms.

More should be done to implement the strategy of expanding domestic demand, further improving the quality of new consumption based on new business forms, and promoting the formation of a new development pattern with the domestic market as the mainstay, the guideline said.

After three to five years, China will improve the institutional mechanisms and policy systems for promoting the development of new types of consumption.


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