Trends of Private Consumption in the Restructuring of China’s Economy

Chien-Hsun Chen

East Asian Policy (EAP), 2015, vol. 07, issue 04, 52-64

Abstract: The benefits deriving from rapid economic growth have chiefly accrued to capital returns. Consequently, the decline in the share of Chinese gross domestic product (GDP) accounted for by labour income has been most pronounced. To sustain growth, China will have to ensure robust consumption. Increasing the labour share in GDP and hence promoting domestic consumption will play a decisive role in rebalancing China’s economy.

Date: 2015
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DOI: 10.1142/S1793930515000392

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