{"id":246858,"date":"2025-10-28T18:14:12","date_gmt":"2025-10-28T18:14:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/246858\/"},"modified":"2025-10-28T18:14:12","modified_gmt":"2025-10-28T18:14:12","slug":"china-vows-significant-boost-to-consumption-share-of-economy","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/246858\/","title":{"rendered":"China Vows Significant Boost to Consumption Share of Economy"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">China pledged to \u201csignificantly\u201d boost the share of consumption in its economy over the <a href=\"https:\/\/www.bloomberg.com\/news\/terminal\/T4U3DFGOT0JK\" class=\"media-ui-Link_link-tVkXhPLPofs- whitespace-normal\" target=\"_blank\" rel=\"noopener nofollow\" data-component=\"link\">next five yearsBloomberg Terminal<\/a> while keeping tech and manufacturing as the top priorities, in an effort to become less reliant on exports after a steep escalation of trade tensions in 2025.<\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">The Communist Party made the pledge Tuesday in a detailed document that was discussed at its <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-09\/china-s-fourth-plenum-why-five-year-plan-review-matters-for-global-economy\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">fourth plenum<\/a> held last week in Beijing. China will \u201cform an economic development model driven more by domestic demand and powered by consumption,\u201d it said.<\/p>\n","protected":false},"excerpt":{"rendered":"China pledged to \u201csignificantly\u201d boost the share of consumption in its economy over the next five yearsBloomberg Terminal&hellip;\n","protected":false},"author":2,"featured_media":246859,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,3686,99,512,71740,5693,164,181,11054,17119,3786,146608,142087,42975],"class_list":["post-246858","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-beijing","tag-business","tag-china","tag-economic-development","tag-economics","tag-economy","tag-employment","tag-exports","tag-gdp","tag-government","tag-larry-hu","tag-macquarie-group-ltd","tag-world-bank"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/246858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=246858"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/246858\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/246859"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=246858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=246858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=246858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}