China Is Fighting for Bigger Consumer Demand | by Zhang Jun - Project Syndicate

China Is Fighting for Bigger Consumer Demand | by Zhang Jun - Project Syndicate

Since late 2022, Chinese policymakers have understood that falling consumer demand was becoming a major problem for the economy. But while recent stimulus measures have helped to alleviate some of the downward pressure, far more could be done to boost households' spending power.

How Digital Finance Facilitates the Release of Urban Residents’ Consumption Potential

Consumption is a critical driver of economic growth, particularly in sustaining domestic demand. In China, the government has prioritized boosting consumption through financial reforms and digital financial services. However, the impact of digital finance on urban household consumption and its...

China Is Fighting for Bigger Consumer Demand

There are signs that the Chinese economy has been improving, owing to the government’s September 2024 stimulus package. Year-on-year GDP growth in the first quarter of this year reached 5.4% – continuing the marked acceleration from the third quarter of last year.

China's central bank could hold off on monetary loosening thanks to rising consumption

In this brief:Credit data for March points to rising domestic demand and household consumption - outcomes long desired by Chinese policymakers.Zhang Yu from Renmin University says the expanding gap between enterprise and household deposits is a key sign of growth in consumption.Despite Beijing giving signals of looser monetary policy at the end of last year, liquidity conditions in China have remained tight well into 2025.A rise in consumption e…

External shocks pushing shift of growth model

As China has prioritized expanding domestic demand and boosting technological innovations on its economic agenda for the year, economists said the move marks the country's shift to shaping a consumption- and innovation-driven economy.

China is fighting for bigger consumer demand

Zhang Jun thinks China's policymakers should focus on providing more income support and social protections