Weak domestic demand in China could prove an obstacle to Xi Jinping’s inward-looking economic strategy. Photo: AFP
China’s economy is turning inward, but will weak domestic demand undermine Xi Jinping’s vision?
- China is shifting its economic strategy to focus more on its huge domestic market as the international environment becomes more challenging
- But analysts say China has a long way to go to boost weak consumer spending and cut its reliance on exports and state-led investment
Weak domestic demand in China could prove an obstacle to Xi Jinping’s inward-looking economic strategy. Photo: AFP