Published 1 year ago

China’s Consumption Conundrum

Summary by Ground News

The Chinese government has announced a growth target of five percent for 2023. China's growth is unlikely to rescue the global economy the way it did after the 2008 financial crisis. The larger problem is not external demand; it is the lack of domestic demand. With a central government unwilling to stimulate the economy, local governments tightening their belts, and an export sector facing headwinds.

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Wall Street Journal

China’s Economy Rebounds, Spurred by Consumption

Revival of GDP growth appears broadly on track after country’s zero-Covid exit

1 year ago·New York, United States

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Foreign Affairs

China’s Consumption Conundrum

A systematic effort by Beijing to boost domestic consumption can have significant implications for the global economy, writes Damien Ma and Houze Song.

1 year ago

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