Beijing’s new economic plan of building up its domestic market to reduce China’s reliance on exports risks being undermined by a lack of purchasing power among the people. Illustration: Kuen Lau Beijing’s new economic plan of building up its domestic market to reduce China’s reliance on exports risks being undermined by a lack of purchasing power among the people. Illustration: Kuen Lau
Beijing’s new economic plan of building up its domestic market to reduce China’s reliance on exports risks being undermined by a lack of purchasing power among the people. Illustration: Kuen Lau

China’s inward-facing ‘dual circulation’ strategy leaves many wondering where domestic demand will come from

  • A lack of purchasing power among the people is flying in the face of Beijing’s economic plan to create a massive domestic market to curb nation’s reliance on exports
  • Beneath surface of China’s weak consumer spending is a national wealth-distribution system that favours the state and the wealthy instead of average households

Topic |   China economy
Beijing’s new economic plan of building up its domestic market to reduce China’s reliance on exports risks being undermined by a lack of purchasing power among the people. Illustration: Kuen Lau Beijing’s new economic plan of building up its domestic market to reduce China’s reliance on exports risks being undermined by a lack of purchasing power among the people. Illustration: Kuen Lau
Beijing’s new economic plan of building up its domestic market to reduce China’s reliance on exports risks being undermined by a lack of purchasing power among the people. Illustration: Kuen Lau
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