A man waits to cross a street during rush hour in Beijing. China’s latest five-year plan for development focuses on domestic growth and technological innovation. Photo: AFP A man waits to cross a street during rush hour in Beijing. China’s latest five-year plan for development focuses on domestic growth and technological innovation. Photo: AFP
A man waits to cross a street during rush hour in Beijing. China’s latest five-year plan for development focuses on domestic growth and technological innovation. Photo: AFP
David Brown
Opinion

Opinion

Macroscope by David Brown

In China’s economic recovery, tech – not the consumer – will be king

  • While some expect China’s economy could eventually end up looking like the US’, where consumer demand drives growth, it is not a direction Beijing wants to take. For now, China prefers to maintain high savings and strong investment in R&D

A man waits to cross a street during rush hour in Beijing. China’s latest five-year plan for development focuses on domestic growth and technological innovation. Photo: AFP A man waits to cross a street during rush hour in Beijing. China’s latest five-year plan for development focuses on domestic growth and technological innovation. Photo: AFP
A man waits to cross a street during rush hour in Beijing. China’s latest five-year plan for development focuses on domestic growth and technological innovation. Photo: AFP
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