China's Economic Model in Need of Overhaul for Sustainable Growth
Friday, 5 April 2024, 11:21
China's Economic Challenge
The traditional export-led growth model of China is no longer viable, necessitating a shift towards domestic services and private consumption. Beijing is faced with the task of formulating a new economic plan to ensure long-term stability and resilience.
Key Points:
- Transition Needed: China's economy requires a shift away from export reliance towards domestic consumption.
- Sustainability: Emphasizing sustainable growth is crucial for economic resilience.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.