China is seeking to expand domestic demand led by services and consumption, Huanqiu and others reported on the 22nd, aiming to reduce reliance on external demand and firm up the domestic base.

Services create many jobs and tie directly to domestic demand; if a consumption recovery boosts services, warmth can spread across the economy.

Experts say stable domestic-led growth must be backed by improved household income and employment, with a recovery in consumer sentiment the core variable.

Amid high global uncertainty, stronger domestic demand can buffer external shocks, though effects last only if structural reform accompanies it.

Rather than judging any country's growth strategy, this paper presents the universal economic theme of domestic demand and consumption in balance.