Tourists at a Sanya City duty-free shopping centre in southern Hainan province. China has ample scope to increase consumer spending and domestic growth, with its high personal savings rate. Photo: Xinhua Tourists at a Sanya City duty-free shopping centre in southern Hainan province. China has ample scope to increase consumer spending and domestic growth, with its high personal savings rate. Photo: Xinhua
Tourists at a Sanya City duty-free shopping centre in southern Hainan province. China has ample scope to increase consumer spending and domestic growth, with its high personal savings rate. Photo: Xinhua
David Brown
Opinion

Opinion

Macroscope by David Brown

How China’s consumers can help ease trade tensions with US

  • At a time when the US economic outlook may be faltering, China has an opportunity to take up the slack and help lead the way in the global recovery
  • Lifting global growth might mean bigger deficits and a smaller trade surplus for China, but major benefits would follow if it eases tensions with the US

David Brown
David Brown

Updated: 10:49pm, 12 Oct, 2020

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Tourists at a Sanya City duty-free shopping centre in southern Hainan province. China has ample scope to increase consumer spending and domestic growth, with its high personal savings rate. Photo: Xinhua Tourists at a Sanya City duty-free shopping centre in southern Hainan province. China has ample scope to increase consumer spending and domestic growth, with its high personal savings rate. Photo: Xinhua
Tourists at a Sanya City duty-free shopping centre in southern Hainan province. China has ample scope to increase consumer spending and domestic growth, with its high personal savings rate. Photo: Xinhua
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David Brown

David Brown

David Brown is the chief executive of New View Economics. Over a career spanning four decades in London, David held roles as chief economist in a number of international investment banks.