Between 1980 and 2000, consumption was the overwhelming driver of growth in China, routinely accounting for over 60% of GDP annually. While increased government spending has altered that balance, China needs to reinvigorate personal spending once more to meet its economic objectives.
How can China restore and expand domestic consumption, reversing flagging demand and consumer confidence to accelerate growth?
How can China restore and expand domestic consumption, reversing flagging demand and consumer confidence to accelerate growth?
- Category
- Business
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