Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/92929
Authors: 
Dreger, Christian
Zhang, Yanqun
Year of Publication: 
2014
Citation: 
[Journal:] DIW Economic Bulletin [ISSN:] 2192-7219 [Volume:] 4 [Year:] 2014 [Issue:] 2 [Pages:] 3-6
Abstract: 
The Chinese model for economic growth is undergoing a fundamental reorientation. While output has been driven by investments and exports in recent decades, private consumption is expected to become a major trigger for future GDP growth. However, the conditions for higher demand from households are far from optimal: the savings rate is high, driven in particular by the low level of social security and highly regulated financial markets. It remains to be seen whether the government can transform China into a consumer society without causing major friction.
Subjects: 
chinese economy
savings rate
transformation and growth
JEL: 
E02
E21
F62
P25
Document Type: 
Article

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