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

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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 (Sep 29). 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". Advertisement