2 articles

What’s Holding Back China’s Consumers?

When it comes to economic rebalancing, China will need to be patient.
Keyu Jin | London School of Economics

For several years, Chinese leaders have been pursuing economic “rebalancing.” The country’s longstanding growth model, based on investment and exports, is to be replaced by one based on services and domestic consumption. It’s a necessary transition for China. Unfortunately, consumption-led growth remains a distant prospect. Yes, the contribution of domestic consumption to GDP has risen […]

Has China’s Growth Only Just Begun?

Where there is weakness in China’s economy, there is also opportunity for sustained growth.
Keyu Jin | London School of Economics

The way I view the prospects of the Chinese economy in the coming years is with guarded optimism – guarded because distortions are rampant in the economy, from the vast misallocation of resources to the highly distortionary macroeconomic structure that propels a vicious cycle – but optimistic, for exactly the same reason. The existence of […]