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People in China are spending nearly as much of their income as Americans on healthcare

Summary by CNBC
Increasing government spending on healthcare could help boost consumption in China, the International Monetary Fund said.

4 Articles

China's unstable employment environment, aging population, and prolonged real estate slump have led to a reluctance among Chinese consumers to spend and a preference for saving. The International Monetary Fund (IMF), in its new book "Toward a New Economic Growth Model for China," reveals another important factor: high healthcare costs.

·New York, United States
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CNBC broke the news in Englewood Cliffs, United States on Thursday, October 15, 2026.
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