China is betting on its middle class to be a foundation for domestic demand. Photo: AP
China is betting on its middle class to be a foundation for domestic demand. Photo: AP

Coronavirus a stress test for China’s economy, Xi Jinping ‘told Communist Party insiders in April’

  • Party journal says president unveiled plans to boost domestic demand to senior advisers a month before going public with the concept
  • Xi highlights urbanisation as consumption driver as globalisation wanes

Topic |   China economy
China is betting on its middle class to be a foundation for domestic demand. Photo: AP
China is betting on its middle class to be a foundation for domestic demand. Photo: AP
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