China Vows to Significantly Boost Household Consumption Rate

China Vows to Significantly Boost Household Consumption Rate

China pledged to “significantly” boost the share of consumption in its economy in the next five years, as it looks to build an economy less reliant on trade.

China Needs A Consumption Target

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China Needs a Consumption Target

As Chinese leaders prepare the 15th Five-Year Plan, early signs indicate that it will focus on continuing China’s extraordinary technological ascendancy. But they should be more concerned with boosting consumer demand, which means setting a clear target of raising household consumption to 50% of GDP by 2035.

China to ‘significantly’ boost consumption share of economy

It will “form an economic development model driven more by domestic demand and powered by consumption”