Consumption has become the new mantra in the Chinese economy
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)
Related news
China bans Spanish poultry imports due to bird flu
China has temporarily banned imports of Spanish poultry and related…
Read more >Chinese inflation surprises – consumer prices stagnate in July
Consumer prices in China remained flat in July, the country’s…
Read more >Duty-free Canaan is over: Trump’s global restrictions are disrupting e-commerce
Donald Trump has suspended duty-free international packages worth less than…
Read more >Related news
Ministry of Agriculture: Hungarian farmers can always count on the national government
Hungarian farmers are one of the government’s most important allies,…
Read more >Cow and goat cheeses recalled from trade due to microbiological contamination
Pasteurized cow and goat cheeses from France have been recalled…
Read more >Lidl Switzerland Sees ‘Record’ Growth In Cheese Exports In 2024
Lidl Switzerland saw record cheese export growth in 2024, marking…
Read more >