Reform hopes rise as China focuses on inward economic shift

Chinese reform advocates are hoping President Xi Jinping's proposed new economic model, expected to be the centrepiece of a key conclave next month, is an opportunity to quicken changes to spur domestic demand and tackle structural woes. The new development model will be discussed at a meeting of the ruling Communist Party in October, where policies are expected to be built into the next five-year road-map for the economy, policy insiders said. Xi in May proposed a "dual circulation" strategy for the next phase of economic development in which China will rely mainly on "domestic circulation" - an internal cycle of production, distribution and consumption.

source https://news.yahoo.com/reform-hopes-rise-china-focuses-033141586.html