Four decades of reform and opening-up have turned China into the world’s second-largest economy. More than 700 million people have been lifted out of poverty, and the country now has more billionaires than any other nation apart from the U.S.
In Depth: China’s Long March to Become a Consumer-Driven Economy
2021年03月26日 19:42
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Five-year plan seeks to reduce inequality, boost spending with a focus on driving long-standing urbanization policy
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- China’s household consumption as a percentage of GDP is well below that of other countries at similar stages of development. Photo: VCG
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