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Global business: Will China's pivot to a consumption-based economy restore growth?
The past decade has shown the limits of China’s investment-driven growth model. To continue its economic rise, the world’s second largest economy needs to rely more on the purchasing power of its massive middle class, economic analysts contend.
“China doesn’t need to build as fast and excessively as in the past," Chinese economics journalist Wu Chen told Global Business Journalism students. "China needs to move from an investment-led economy to a consumption-driven econom
Rick Dunham
Jan 163 min read
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