Title

Explaining China's Low Consumption: The Neglected Role of Household Income

Jahangir Aziz and Li Cui

Explaining China's Low Consumption: The Neglected Role of Household Income

The Chinese government has recently focused on the need to increase consumption to rebalance the economy. A widely held view is that despite China's remarkably high growth, the share of consumption in total expenditure has been low and declining due to high and rising saving rate of Chinese...
Topics: 
Economy