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The point is that China's extraordinarily low consumption level is not an accident. It is fundamental to the country's economic growth model, around which 3-4 decades of political, financial, legal and business institutions in China have evolved. Changing this won't be easy.
The point is that China's extraordinarily low consumption level is not an accident. It is fundamental to the country's economic growth model, around which 3-4 decades of political, financial, legal and business institutions in China have evolved. Changing this won't be easy.