Why consumption matters for China economy?

By Amelia Repke

Economic maturity is characterized as being more heavily reliant on consumers, the services industry and high-value and sustainability-driven products.

China is going through a transition, and some of the Western economies have gone through those transitions in the past.That transition will mean that China will avoid falling in this middle income trap and be able to continue the growth pattern. And consumption will definitely play a key role during the economic transition.

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