CHINA-LEADERSHIP: VICE PREMIER AND FORMER PBSC MEMBER LIU HE PUBLISHES ARTICLE IN PEOPLE'S DAILY ON EXPANDING DOMESTIC DEMAND
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The People's Daily (November 5) published an article by former Politburo Standing Committee
(PBSC) member titled 'Organically combine the implementation of the strategy of expanding
domestic demand with the deepening of supply-side structural reform (conscientiously study,
publicize and implement the spirit of the 20th National Congress of the Communist Party of
China)'. It said, "The report of the 20th National Congress of the Communist Party of China
proposed that "the implementation of the strategy of expanding domestic demand should be
organically combined with the deepening of supply-side structural reforms." This is a major
strategic measure proposed by the CPC Central Committee based on changes in the
development environment at home and abroad and the mission and tasks of the Communist
Party of China in the new era and new journey. It is of great significance to modernize the
country." It said, "Implementing the strategy of expanding domestic demand is an effective
way to deal with external shocks and stabilize economic operation" and that "China's economic
development has entered a new normal, facing the complex situation of "three-phase
superposition"
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