ICYMI - China targets 60tn yuan (~US$8.84tn) retail sales by 2030 under new consumption plan

The plan signals a structural shift in Beijing's growth model, with policymakers explicitly targeting a slower pace of retail sales growth than the previous five-year period while pushing for a larger consumption share of GDP. For markets, the emphasis on services spending, including elderly care, childcare, tourism and culture, points to where policy suppo…

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