https://www.scmp.com/rss/519271/feed Gene Ma is the head of China research and chief representative for APAC at the New York-based Institute of International Finance. Prior to joining the IIF, Gene was the China economist and strategist at Tudor Investment; managing director and China economist at ISI Group (Now Evercore ISI); chief macro analyst at Citic Securities; and a junior staff member at China’s Ministry of Finance. He graduated from Peking Univiversity and Cornell University. Gene is currently based in Singapore. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com The popular view is that China’s household consumption relative to its gross domestic product is exceptionally low. We believe China’s consumption is seriously undercounted, especially in housing expenditure. While policymakers can do a lot more to support household consumption, China’s consumption should not be made to bear all the blame for global imbalances. China’s headline household consumption relative to its gross domestic product has been under 40 per cent in the past few years, much... https://www.scmp.com/opinion/china-opinion/article/3271424/why-chinese-consumption-cannot-completely-be-blamed-global-imbalances?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3271424/why-chinese-consumption-cannot-completely-be-blamed-global-imbalances?utm_source=rss_feed Wed, 24 Jul 2024 01:30:12 +0000