China vows to raise household consumption 'significantly'
Published on: Oct. 24, 2025, 5:58 p.m. | Source: The Economic Times
In a bold move to enhance citizens' quality of life, China is set to ramp up government investment in social well-being. Over the next five years, experts predict a significant uptick in household spending's contribution to the GDP. This strategy aims to invigorate local markets as part of the nation's modernization effort.
