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German-Chinese Bureau of Economic Research (GCB) | No Quick Fixes: China’s Long-Term Consumption Growth

No Quick Fixes: China’s Long-Term Consumption Growth

Publisher: Rhodium Group

Publication Date: 07/2024

Pages: 40

Categories: Economic Rebalancing

PDF: Download

“Investment-led growth has peaked in China, as the financial system can no longer generate the same pace of credit expansion as in the past decade. With this source of growth drying up, household consumption growth will be the single most important determinant of China’s long-term economic trajectory and growth rate.”

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