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China’s economic grand plan falls short on how to enrich people and enlarge middle-income group

Summary:
[unable to retrieve full-text content]Beijing’s grand plan for the next five years and its vision for 2035 have two big assumptions. One is that China is experiencing an unstoppable rise against the West, and the other is that China’s 1.4 billion consumers will create a domestic market big enough to guarantee the country’s continued growth.To turn the second assumption into a reality, China needs to tilt its national income distribution in favour of the people. The 14th five-year plan and the 2035 Vision paint a rosy picture for…

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[unable to retrieve full-text content]
Beijing’s grand plan for the next five years and its vision for 2035 have two big assumptions. One is that China is experiencing an unstoppable rise against the West, and the other is that China’s 1.4 billion consumers will create a domestic market big enough to guarantee the country’s continued growth.To turn the second assumption into a reality, China needs to tilt its national income distribution in favour of the people. The 14th five-year plan and the 2035 Vision paint a rosy picture for…
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