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Household income growth holds key to Chinese consumption hopes: ex

China should make greater efforts to boost household income over the next five years as the world’s second-largest economy looks to consumption to power future growth, a former senior official said. Yang Weimin, a former deputy head of the Office of the Central Leading Group on Financial and Economic Affairs, made the comments ahead of next month’s fourth plenum of the Communist Party’s Central Committee. Committee members will discuss the country’s next five-year plan, with the economic...


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