Domestic Circulation News Today : Breaking News, Live Updates & Top Stories | Vimarsana

MA XUEJING/CHINA DAILY
China will expedite efforts to foster the new dual-circulation development paradigm in the 14th Five-Year Plan period (2021-25). There is still immense potential to be tapped from domestic circulation. The experience of industrialized nations, such as Japan and the Republic of Korea, indicates that after a country s per capita GDP exceeds $10,000, the main force driving economic growth will shift from investment to consumption, especially household consumption.
The substantial increase in residential income and improvements in the social security system since the launch of reform and opening-up has laid a solid foundation for China s domestic economic circulation. We should also note that there is still much room to deepen reform of the income distribution system and properly narrow the gap in income distribution to help raise the level of consumption by a large margin. ....

South Korea , Republic Of Korea , European Union , Five Year Plan , China Institute , Income Distribution , Beijing Normal University , Dual Circulation , Domestic Circulation , Household Consumption , Presidential Income , Migrant Workers 39 Salaries , தெற்கு கொரியா , குடியரசு ஆஃப் கொரியா , ஐரோப்பிய தொழிற்சங்கம் , ஐந்து ஆண்டு திட்டம் , சீனா நிறுவனம் , வருமானம் விநியோகம் , பெய்ஜிங் சாதாரண பல்கலைக்கழகம் , இரட்டை சுழற்சி , உள்நாட்டு சுழற்சி , வீட்டு நுகர்வு , குடியிருப்பு வருமானம் ,