tutor2u | Consumers are key to sustaining Chinese economic growth

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Consumers are key to sustaining Chinese economic growth

Geoff Riley

6th March 2016

China is expected to approve a five-year economic plan this week. Economic growth in the world’s second largest economy has been slow and the Chinese government is betting on consumer spending to spark a turnaround. Consumption has been exceptionally low as a share of national income and part of the re-balancing of the economy will require a shift towards household demand for goods and services. Chinese people tend to be savers - the absence of a significant welfare safety net is part of the reason for this.

Geoff Riley

Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.

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