Headroom for consumption The government is increasingly looking to consumers to sustain growth.With return on credit-driven investment diminishing and a worsening foreign trade environment,the government recently intr...Headroom for consumption The government is increasingly looking to consumers to sustain growth.With return on credit-driven investment diminishing and a worsening foreign trade environment,the government recently introduced several measures to support consumption,including lowering the tax burden on low-income groups.We think Chinese consumers have great potential to spend more on goods and services,and policies aimed at reducing income disparity,improving housing affordability and strengthening social security could facilitate a transition toward a consumption-led economy.展开更多
文摘Headroom for consumption The government is increasingly looking to consumers to sustain growth.With return on credit-driven investment diminishing and a worsening foreign trade environment,the government recently introduced several measures to support consumption,including lowering the tax burden on low-income groups.We think Chinese consumers have great potential to spend more on goods and services,and policies aimed at reducing income disparity,improving housing affordability and strengthening social security could facilitate a transition toward a consumption-led economy.
