Jun 24, 2016 03:16 PM
The Illogic of Consumption as a Growth Driver
The recently completed U.S.-China Strategic and Economic Dialogue in Beijing underscored the prominence that each side has given to promoting consumption as a solution to China's economic slowdown.
As highlighted in a June 7 fact sheet released by the U.S. Department of the Treasury, a major dialogue theme dealt with "advancing policies to shift China's growth model to one driven by household consumption rather than by investment and exports."
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A senior fellow at the Carnegie Endowment and a former World Bank Director for China.
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