China's consumption upgrade takes economic growth to a higher level

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Published on 26 Jan 2020, 1:51
As the middle-income population expands and its basic needs are satisfied, the pursuit of a higher level of aesthetics and self-fulfillment has become a trend. Chinese people are moving from survival consumption towards developmental consumption. China's consumption upgrade to boost product and service quality will, in turn, push forward growth of new industries and raise economic growth to a higher level.

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