Xi Jinping’s last chance to revive the Chinese economy

Consumer spending could become the backbone of a new growth model but that would require Beijing to relinquish some political control.

Publisert: Oppdatert:

Under its 60-point reform plan Xi Jinping’s new administration promised to get rid of obstacles that had been holding back consumer-led growth in China – including enforcing a property tax, granting more land rights to farmers and migrant workers, and opening state-controlled sectors to private capital.
Under its 60-point reform plan Xi Jinping’s new administration promised to get rid of obstacles that had been holding back consumer-led growth in China – including enforcing a property tax, granting more land rights to farmers and migrant workers, and opening state-controlled sectors to private capital. (Foto: Jason Lee/Reuters/NTB)