In the middle of China, it was stated that an internal drive should be made a "main engine" of its economic growth, as mentioned in the report where the government outlined its developing goals for the current year.
This strategy is aimed at forming a more sustainable and resilient economy, which will be less dependent on external factors. A key factor will be increasing the income levels of the population, which should contribute to increased consumer demand.
"We must implement an internal drive as the main engine of growth, strengthen our innovative capabilities, and improve the quality of development," the report states.
Quote: "China will continue to deepen structural reforms and stimulate market demand, especially in the domestic market, in order to ensure more balanced and sustainable growth".
In addition, there are plans to strengthen infrastructure, expand tax incentives, and enhance social support to achieve these goals. China is also determined to combat poverty and strengthen labor relations to create a more sustainable economy.
