Questions are being asked about the feasibility of Beijing’s plan to rebalance its economic growth model. Photo: Reuters

Is China wise to bank on consumer spending to drive economic growth?

  • Rising household debt levels and concerns about job prospects are threatening to derail Beijing’s grand plan, analysts say
  • Short-term incentive schemes unlikely to offset negative impact of a slowing economy, ageing population
Topic |   China economy

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Questions are being asked about the feasibility of Beijing’s plan to rebalance its economic growth model. Photo: Reuters
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