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
Opinion
Opinion
Macroscope
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
