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China: obstacles to revive growth through private consumption remain daunting in near term

China: obstacles to revive growth through private consumption remain daunting in near term

A piece from the Peterson Institute for International Economics on the prospects for a pick up in Chinese economic activity.

It says that "in the near term":

  • the obstacles to revive growth through private consumption remain daunting

But further out it looks more promising:

  • when the COVID situation stabilizes and household expectations on income and jobs improve in a few months, households will start to consume more, and private consumption will recover... Read More
Posted: Jan 12 2023, 03:41
Author Name: forexlive
Views: 102192

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