Critical shift seen in China demand levers

"What determines consumption in the long term are people’s income, their wealth accumulation and a robust social safety net,” said Lin Shuanglin, a professor of economics at Peking University. — China Daily

BEIJING: China is navigating a critical shift in its strategy to expand domestic demand, moving beyond short-term stimulus measures to focus on structural “core levers”, including income, wealth distribution and social security, according to a senior public finance economist.

“Measures to improve the consumption environment or organise promotional campaigns are helpful in the short run.