CONSUMPTION-LED DEVELOPMENT

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The Fifth Plenary Session of the 19th Central Committee of the Communist Party of China (CPC) in October 2020 decided to comprehen-sively promote consumption and further its fundamental role in driving economic development. A major task during the 14th Five-Year Plan (2021-25) period will be to adapt to the general trend of consumption upgrading and accelerate unleashing the consumption potential of 1.4 billion people to lay a solid foundation for high-quality development.
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