December 21, 2020

Asia

CHINA: “Demand-side reform” seeks income re-distribution to promote consumption

BY Gabriel Wildau

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( 4 mins) The Central Economic Work Conference signaled a new focus on pro-consumption policies to reduce the imbalance between excess supply and inadequate demand that has emerged in China's economy following the pandemic. "Demand side reform" aims to promote consumption through income re-distribution rather than stimulus measures, but efforts to expand social welfare spending and re-distributive taxation […]

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