Prospects for Consumption-Based Growth in China

Christian Dreger and Yanqun Zhang

DIW Economic Bulletin, 2014, vol. 4, issue 2, 3-6

Abstract: The Chinese model for economic growth is undergoing a fundamental reorientation. While output has been driven by investments and exports in recent decades, private consumption is expected to become a major trigger for future GDP growth. However, the conditions for higher demand from households are far from optimal: the savings rate is high, driven in particular by the low level of social security and highly regulated financial markets. It remains to be seen whether the government can transform China into a consumer society without causing major friction.

Keywords: Chinese economy; savings rate; transformation and growth (search for similar items in EconPapers)
JEL-codes: E2 E21 F62 P25 (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.diw.de/documents/publikationen/73/diw_ ... n_bull_2014-02-1.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:diw:diwdeb:2014-2-1

Access Statistics for this article

More articles in DIW Economic Bulletin from DIW Berlin, German Institute for Economic Research Contact information at EDIRC.
Bibliographic data for series maintained by Bibliothek ().