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China is not only a manufacturing powerhouse, but also a major consumer, with domestic demand serving as a main engine of the economy. From 2013 to 2024, domestic demand on average contributed 93% of the country's economic growth. The argument that "China's inadequate domestic demand gives rise to excess capacity" runs counter to facts.
China is not only a manufacturing powerhouse, but also a major consumer, with domestic demand serving as a main engine of the economy. From 2013 to 2024, domestic demand on average contributed 93% of the country's economic growth. The argument that "China's inadequate domestic demand gives rise to excess capacity" runs counter to facts.