China Pivots to Domestic Demand in New Five-Year Plan

China got a record bump in lunar New Year holiday spending this year, but that's seasonal, not necessarily sustainable. Hence, Beijing's top priority in the next five year plan through 2030 is to boost domestic demand. Sir, we've heard such calls for rebalancing before, but with rising uncertainties abroad and excess industrial capacity and falling prices at home, Beijing is well.Banging the domestic consumption drum harder than ever. An hour's drive from central Beijing and the seat of power sits the large ...