![China’s Third Plenum Wants to Raise Household Income. That’s Good News for the US. China’s Third Plenum Wants to Raise Household Income. That’s Good News for the US.](https://thediplomat.com/wp-content/uploads/2024/07/sizes/thumbnail/thediplomat_2024-07-30-154813.jpg)
China’s Third Plenum Wants to Raise Household Income. That’s Good News for the US.
By Fuxian Yi
Planned reforms could indirectly help balance China-U.S. trade by boosting consumption, thereby reducing political hostility between the two major powers.