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Internal Demand

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China's Leaders Vow to Boost Internal Drive for Economic Growth
economy3 years ago

China's Leaders Vow to Boost Internal Drive for Economic Growth

China's top leaders, led by President Xi Jinping, said at a meeting that the country's economy still lacks "internal drivers" and domestic demand is insufficient, despite better-than-expected GDP growth of 4.5% in Q1. The meeting also called for boosting people's income sources and improving employment, especially for university graduates, as the unemployment rate for people ages 16 to 24 rose to 19.6% in March. The meeting also emphasized the need to develop new energy vehicles, AI, and pay attention to the prevention of risks.