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Xi Jinping Leadership Prioritizes Expanding Domestic Demand Amid Supply Surplus

China’s top leadership outlines plans to boost domestic consumption while addressing issues of excessive supply in key industries.

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Terms & Concepts
  • Domestic Demand: The total demand for goods and services within a country's economy, driven by local consumers and businesses.
  • Supply Surplus: A market condition where the production of goods exceeds demand, potentially leading to lower prices and economic inefficiencies.