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China unveils new measures to boost consumption in counties, smaller cities
China on Tuesday rolled out a series of measures to boost consumption in its counties and smaller cities to revive sluggish domestic demand, which has become a major source of its economic slowdown. The measures herald a policy shift to boost domestic demand from top cities and tap the potential of vast lower-tier markets as a new source of economic growth, an official announcement here said. The government calls for upgrading consumption channels in counties, including renovating township comm…
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