China has unveiled its first dedicated five year plan focused on boosting domestic consumption, setting a target of around 60 trillion yuan ($8.85 trillion) in retail sales by 2030 while pledging measures to raise household incomes and strengthen consumer confidence.
Posted by Undervalued_centrist
2 Comments
Watch this turn into more borrowing and subsidies.
Oh boy. This is going to be interesting
And this is an admission that china has a problem
In order to get out of it without increasing Chinese consumer spending they would have to increase their exports and basically destroy all the manufacturing of countries that are not China