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ocuments including a guideline on innovation and improving macro-regulation
, as well as a guideline on strengthening opening-up and cooperation in innovation capacity.
The meeting called for taking the supply-side structural reform as the main task, making coordinated efforts to stabilize economic
growth, promoting reforms, readjusting the economic structure, improving people’s livelihoods, pr
eventing risks, and ensuring social stability, according to a statement issued after the meeting.
The strategic guiding role of national development planning should be leveraged to improve coordination mec
hanisms for economic policies such as finance, currency, employment, industry, and regional development to en
sure the nation’s economic development stays within a reasonable range, the statement said.
ities have grown more quickly than in big cities, including clothing, food, beverages and home appliances, Chen added.
During Spring Festival in February, small-town youths in third- an
d lower-tier cities outperformed their peers in bigger centers of population in consu
mption across major e-commerce platforms, including the number of orders placed and the range of products bought.
In third- and fourth-tier cities, total online spending during Spring Festival rose by 55 percent year-on-year, comp
ared with 51 percent in first-tier metropolises. Spending by small-town youths on beauty products rose by 7.8 perc
ent year-on-year, compared with a 5.4 percent increase among their peers in larger cities, according to a report rel
eased by Tmall－Alibaba’s e-commerce platform－and market research company Kantar Worldpanel.
Small-town youths have also boosted the movie industry. For example, in the first quarter of this year, some
56 percent of the box office for The New King of Comedy came from lower-tier cities, as did 46 percent for Crazy Alien.