How can China achieve high-quality growth?
chinadaily.com.cn |
Updated: 2018-03-11 08:32
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HailChina! (Australia)
China just needs to focus on domestic consumption. Everything will work out if the economy is based on domestic consumption. Alleviating poverty gives low socioeconomic citizens disposable income which helps with domestic consumption. The more money Chinese citizens across the board are spending on goods and services the better for China. Chinese consumers being Consumers of Last Resort gives China more power than being the world's factory.
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