China needs a raft of reforms to make new economic strategy work: advisers

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FILE PHOTO: A labourer cleans the window of an office building near a residential complex (back and reflection) under construction in Shenyang, Liaoning province May 17, 2013. REUTERS/Stringer September 29, 2020 BEIJING (Reuters) – China will need a plethora of reforms if it is to make a new economic strategy that relies mainly on domestic consumption work, advisers to the Chinese cabinet said on Tuesday. President Xi Jinping has proposed a “dual circulation” strategy for the next phase of economic development in which China will rely predominantly on “domestic circulation”, to be supported by “international circulation”. “To rely mainly on...