Trump wants US to make more, Xi wants China to spend more: Both aim to tame headwinds
The Chinese economy has always been exports-driven, with less reliance on domestic consumption. For instance, consumption accounts of just 40 per cent of China’s GDP; whereas the figure hovers near 50 to 70 per cent in developed economies worldwide
The Chinese economy has always been exports-driven, with less reliance on domestic consumption. For instance, consumption accounts of just 40 per cent of China’s GDP; whereas the figure hovers near 50 to 70 per cent in developed economies worldwide
