How Can Beijing Expect to Raise Domestic Consumption in Flat Economy?

A shopper chooses shoes that cost 20 yuan ($2.86) per pair in Beijing on June 30, 2020. Wang Zhao/AFP via Getty Images

Commentary

Part of the CCP’s 14th Five-Year Plan aims to expand domestic demand. However, the definition of domestic demand is different than it was before the 13th Five-Year Plan, as the desired effect now is to expand domestic consumption.