China’s Shift Toward Consumer-Driven Economy Is Set to Slow By Bloomberg
(Bloomberg) -- China’s rebalancing of its economy from investment-led growth to consumption is likely to slow in the coming five years as the population ages and the workforce shrinks, a government researcher said. The share of consumption in gross domestic product is likely to rise at a slower pace compared with previous years, said Xu Hongcai, deputy director of the China Association of...
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