China to increase incomes, expand middle class in 2021-2025
China aims to let consumption play a basic role in supporting economic growth
People dine at a restaurant in Beijing, China October 25, 2020. REUTERS/Tingshu Wang
China will increase the incomes of low-income groups and expand middle class over the 2021-2025 period, Ning Jizhe, the vice head of the National Development and Reform Commission, said at a news conference in Beijing on Friday.
China aims to let consumption play a basic role in supporting economic growth, said Ning. At the same conference, Han Wenxiu, a senior Communist Party official, said China will expand market access for foreign investors.
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