China vows to boost weak consumption

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BEIJING — China on Thursday vowed to boost domestic consumption next year, state media said, as leaders grappling with sluggish demand concluded a key economic policy meeting.

Top leaders at the meeting, including Chinese President Xi Jinping, vowed to next year implement a “moderately loose” monetary policy, increase social financing and reduce interest rates “at the right time,” according to state broadcaster CCTV.

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