Overcoming insufficient demand to enhance growth in China

Business boost: A worker welds a liquefied natural gas tank at a factory in Nantong, in China’s eastern Jiangsu province. If enterprises can achieve higher profitability, employment becomes easier in the country and residents’ incomes increase. — AFP

“INSUFFICIENT demand” could be the key to summarising China’s macroeconomy in 2023. The country has faced insufficient demand since 2021, and this was further aggravated last year.

The analysis of insufficient demand is not based on the country’s growth rate, but on a comparison of supply and demand.