China Needs a Consumption Target
https://www.project-syndicate.org/commentary/china-five-year-plan-must-set-target-for-household-consumption-as-share-of-gdp-by-stephen-s-roach-2025-10
As Chinese leaders prepare the 15th Five-Year Plan, early signs indicate that it will focus on continuing China’s extraordinary technological ascendancy. But they should be more concerned with boosting consumer demand, which means setting a clear target of raising household consumption to 50% of GDP by 2035.
https://www.project-syndicate.org/commentary/china-five-year-plan-must-set-target-for-household-consumption-as-share-of-gdp-by-stephen-s-roach-2025-10
As Chinese leaders prepare the 15th Five-Year Plan, early signs indicate that it will focus on continuing China’s extraordinary technological ascendancy. But they should be more concerned with boosting consumer demand, which means setting a clear target of raising household consumption to 50% of GDP by 2035.
Related:
Can China Catch Up with the US Economically?
https://www.project-syndicate.org/commentary/china-will-avoid-the-middle-income-trap-but-fail-to-outgrow-the-us-economy-by-keun-lee-2025-10
https://www.project-syndicate.org/commentary/china-will-avoid-the-middle-income-trap-but-fail-to-outgrow-the-us-economy-by-keun-lee-2025-10