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China pledges more consumption incentives to service the service sector

China has vowed to continue cutting red tape and attracting foreign investment to boost service consumption over the next five years, as Beijing turns to domestic demand for a reliable source of economic growth in an uncertain environment for international trade. There is a “shortage of high-quality service on the supply side” even as service consumption grows at a faster rate than that of goods, Minister of Commerce Wang Wentao said at a press conference in Beijing on Friday. To address the...


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