China has 1.4 billion potential consumers, but its wealth gap is among the widest in the world. Photo: Reuters

Zhou Xin

China’s economic future depends on closing its wealth gap otherwise new domestic strategy won’t work

China’s new strategy will place a priority on the domestic market to sustain economic growth

China has 1.4 billion potential consumers, but its wealth gap is among the widest in the world, meaning a large portion of the population are relatively poor.

Zhou Xin

Published: 5:30pm, 3 Aug, 2020

Updated: 5:30pm, 3 Aug, 2020

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China has 1.4 billion potential consumers, but its wealth gap is among the widest in the world. Photo: Reuters

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Zhou Xin

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Zhou Xin co-leads the political economy team at the Post. He mainly covers economic stories but also writes about Chinese politics and diplomacy. He has previously worked for Reuters and Bloomberg in Beijing.

China’s economic future depends on closing its wealth gap otherwise new domestic strategy won’t work

China’s new strategy will place a priority on the domestic market to sustain economic growth China has 1.4 billion potential consumers, but its wealth gap is among the widest in the world, meaning a large portion of the population are relatively poor.

China’s new strategy will place a priority on the domestic market to sustain economic growth

China has 1.4 billion potential consumers, but its wealth gap is among the widest in the world, meaning a large portion of the population are relatively poor.