Five takeaways from China plenum's economic blueprint

Long-term guideline calls for resilience but without household demand boost

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Clothing shop in Beijing: Some economists have called on the Chinese government to spur domestic spending to absorb present industrial overcapacity.   © Reuters

WATARU SUZUKI, Nikkei staff writer

SHANGHAI -- The Chinese Communist Party released on Sunday a lengthy long-term policy blueprint adopted at a meeting of high-level members last week. The closely watched meeting, known as the third plenum, came against the backdrop of slowing economic growth exacerbated by a major downturn in the property sector as well as rising trade tensions with the U.S. and other countries. Here are five takeaways from the plenum.

Missing from the blueprint: measures to boost demand

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