China to increase incomes, expand middle class in 2021-2025 - GulfToday

China to increase incomes, expand middle class in 2021-2025

  • 30 Oct 2020
China-2021-2025

People dine at a restaurant in Beijing, China. File photo/Reuters

China will increase the incomes of low-income groups and expand middle class over the 2021-2025 period, Ning Jizhe, the vice head of the National Development and Reform Commission, said at a news conference in Beijing on Friday.

China aims to let consumption play a basic role in supporting economic growth, said Ning. At the same conference, Han Wenxiu, a senior Communist Party official, said China will expand market access for foreign investors.

Reuters

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