Consumption has become the new mantra in the Chinese economy

By: Trademagazin editor Date: 2019. 09. 09. 11:02

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Chinese leadership wants to boost economic growth primarily through boosting domestic consumption – origo wrote. But there are still serious limitations to this, despite Chinese consumers contributing significantly to GDP growth.

Increasing the willingness of Chinese consumers to buy is now a priority issue at the highest levels of Beijing leadership. The government wants to offset the slowdown in China’s GDP by boosting domestic consumption. (origo)