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2025.03.12 21:50 GMT+8

Morgan Stanley Economist: Sustainable consumption growth in China requires deeper social security reforms

Updated 2025.03.12 21:50 GMT+8
CGTN

Continued consumer goods stimulus packages and, potentially, deeper social security reform that is likely to start taking shape by the end of the year, will boost China's domestic consumption in 2025, Robin Xing, chief China economist at Morgan Stanley said in an interview with CGTN. A more sustainable consumption growth in China requires increased social security benefits, Xing added when analysing the key takeaways from this year's government work report.

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