Shoppers browse inside an Apple store in Shanghai. Consumption remains the largest growth contributor in China’s economy, making up 76 per cent of fourth-quarter GDP growth. Photo: Bloomberg
Aidan Yao
Opinion

Opinion

Macroscope by Aidan Yao

China’s economic reforms are working. The bad news is the pain may get worse

  • Aidan Yao says amid a growth slowdown, the strengthening service sector and household consumption are welcome news. Even so, softening global demand and challenging conditions at home will keep economic planners on their toes

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Shoppers browse inside an Apple store in Shanghai. Consumption remains the largest growth contributor in China’s economy, making up 76 per cent of fourth-quarter GDP growth. Photo: Bloomberg
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