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Boosting consumption high on 2024 agenda
China is likely to take more steps to revive consumer demand and boost spending appetites next year as it seeks to inject strong impetus into a consumption-led recovery amid pressure from subdued demand and property sector weakness, economists said on Wednesday. They said boosting consumption will be a key step to expand domestic demand and revive recovery momentum next year, and the focus should be placed on key tasks such as boosting spending on big-ticket items and enhancing services consumption. Their comments came as the tone-setting annual Central Economic Work Conference held in Beijing from Monday to Tuesday ... (full story)