Data from the recently ended Spring Festival celebrations showed that China’s consumer part of the economy is buoyant. Above, a family attends a temple fair at Xiaoyan Pagoda in Xi’an, capital of northwest China’s Shaanxi province, to celebrate the Lunar New Year. Photo: Xinhua
Aidan Yao
Opinion

Opinion

Macroscope by Aidan Yao

Stable consumer-led growth a must for China’s economic transformation

But three possible headwinds for the household sector in 2018 – correction in property prices, slowdown in consumer credit growth and easing of wage growth – could set back China’s plans

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Data from the recently ended Spring Festival celebrations showed that China’s consumer part of the economy is buoyant. Above, a family attends a temple fair at Xiaoyan Pagoda in Xi’an, capital of northwest China’s Shaanxi province, to celebrate the Lunar New Year. Photo: Xinhua
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