China's Consumption Paradox
Causes and Consequences
Bibliographic Data
| ID | 12777901 |
|---|---|
| Authors | Arthur R Kroeber (Gavekal Intelligence Software (France), corresponding author) |
| Year | 2011 |
| Volume | 52 |
| Issue | 3 |
| Pages | 330-346 |
| Publication date | 2011-05-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Eurasian Geography and Economics (JOURNAL) |
| Journal identifiers | ISSN: 1538-7216 • E-ISSN: 1938-2863 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.2747/1539-7216.52.3.330 |
| OpenAlex | W1982154907 |
| Language | EN |
| Citations received | 5 |
| References cited | 11 |
A Beijing-based American authority on China's economy and patterns of consumption presents a study of the causes and consequences of the ongoing consumption paradox in China (namely, how a declining private consumption share in GDP can be accompanied by rapidly rising per capita private consumption). The paper analyzes and discusses the country's consumption in comparative perspective. The causes of its decline relative to GDP are said to be consistent with the experience of other postwar Asian economies, notably of Japan and South Korea at equivalent stages of their development. Among the reforms to support consumption growth, the author notes changes in industrial policies in favor of services, reduction of monopoly rents and artificially low interest rates in the financial sector, as well as redeployment of excess savings of state enterprises in welfare spending
Autonomous consumption · Beijing · China · Consumer spending · Consumption (sociology · Debt · Development economics · Economic rent · Economics · Economy · Geography · International economics · Macroeconomics · Market economy · Monetary economics · Monopoly · Per capita · Private consumption · Recession · Welfare · China's Socioeconomic Reforms and Governance
| Unique citing works | 5 |
|---|---|
| Citations per year | 0.33 |
| Citation span | 2011 - 2022 (12) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 5 |