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China Banks on Rice Cookers to Boost Economy

The Chinese government's latest plan to perk up its slowing economy is based on the humble rice cooker and luxury toilet seats. The development plan issued this week strikes a blow for China's consumers, calling for better products to help create an economy driven by domestic consumption instead of trade and investment. The Cabinet document lays out an unusually detailed wish list: better electric rice cookers, kitchen appliances, “smart toilet seats” and smartphones. China...

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