Logo 15 Mar 2023

Deep Dive | The consumption resumption: Beijing’s three-prong strategy for putting consumption at the center of growth

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Analysts have been trying to understand why Beijing’s outlook is so conservative since it set the 2023 GDP growth target at “around 5%” – below last year’s target of around 5.5% and at the lower end of what was generally expected.

We believe it’s because China’s authorities are trying to do...