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flag China seeks to boost domestic spending to revitalize its economy, facing trade wars and pandemic impacts.

flag China's leaders face pressure to boost domestic consumption to revive the economy amidst trade wars and pandemic impacts. flag At the upcoming National People's Congress, plans to increase household spending, currently under 40% of economic output, may include raising incomes, pensions, and medical subsidies. flag However, such reforms that shift resources from exports and technology development could pose near-term stability concerns.

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