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Pumping up power of consumption: China's solution or pitfall?

Updated: 2013-06-20 07:38
By Andrew Moody and Lyu Chang in Beijing ( China Daily)

Pumping up power of consumption: China's solution or pitfall?

Pumping up power of consumption: China's solution or pitfall?

Top economist sounds alert on overspending, report Andrew Moody and Lyu Chang in Beijing.

Does China need to consume more?

Despite the Chinese being famous across the world for snapping up luxury goods, household consumption as a share of GDP was 37.7 percent in 2011, according to the latest World Bank figures.

Pumping up power of consumption: China's solution or pitfall?

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