Boosting Chinese Consumption with Trade-Offs
China's most recent major push to boost household consumption comes with trade-offs. Pressure grows on Beijing for policies with longer-term impact. Annual parliament meeting may give more clues on policy shifts.
- The shortcomings of China's current consumer support scheme, which focuses on subsidies rather than reforms, underscore the need for a more comprehensive approach that addresses structural issues underlying low household spending.
- How will China's efforts to balance consumption and investment, while addressing income inequality and internal passport system reform, impact its economic growth trajectory in the coming years?