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
Opinion
Opinion
Macroscope
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
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
