Economic slogans, like women's fashion, cycle every seven or eight years.
Recently, boosting consumption has once again become a policy focus, with various measures from central to local governments. Years ago, the main advice from foreign observers for China's economy was that China should increase the share of consumption in its GDP. This voice gradually faded as China's consumption data grew rapidly. Now, stimulating consumption has returned as a mainstream slogan. What is happening with consumption downgrading, and is stimulating consumption effective?
Consumption and Wealth
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