BEIJING, (Xinhua) -- Unleashing consumption potential will help sustain economic growth in China, according to a World Bank report published in Beijing on Friday.
Policy support has helped boost China's consumption and spurred a rise in home sales in major cities, with the economy maintaining growth momentum in early 2025, the report said.
"Household consumption will be key to sustaining growth amid external and domestic economic challenges," said Mara Warwick, World Bank division director for China, Mongolia and Korea.
She said stronger social safety nets, especially for migrant and temporary workers, would encourage more spending by improving financial security and reducing the need for precautionary saving.