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Opinion

Chinese workers' share of GDP reaching US levels

Wages rising amid growing labor shortages in aging population

| China

Chinese and Western policymakers do not agree on many issues, but one point of consensus has been on the need for Beijing to rebalance its economy toward household consumption.

Slowly but surely, consumer spending is indeed becoming an engine of growth and will be a critical factor in achieving the 6.5% economic growth target set out by Premier Li Keqiang in his annual work report to the National People's Congress last week.

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