Household consumption trends in China

Mark Baker, David Orsmond

Research output: Contribution to journalArticle

Abstract

Despite strong growth in Chinese consumption, the household consumption ratio has fallen significantly. This reflects a fall in the share of national income that accrues to the household sector and a rise in the household saving ratio. Policies to encourage the growth of small and medium-sized entities, increase social spending, and reduce the focus on investment-led growth would be expected to support the level of household consumption over the medium term.
Original languageEnglish
Pages (from-to)13-18
Number of pages6
JournalReserve Bank of Australia. Bulletin
Volume2010
Issue numberMarch
Publication statusPublished - Mar 2010
Externally publishedYes

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