Swiss Economicblogs.org
China’s economy is becoming more consumption oriented, driven by state policy, demographic changes and solid income growth.As the Chinese economy slows down, its structure is undergoing major changes. The traditional investment-driven growth model is gradually giving way to a consumption-driven one. Household consumption is not only taking a greater share of the economy, it has increasingly become a dominant driver of China’s growth.This transition, from a long-term perspective, is driven by...
Read More »The rise of the Chinese consumer
