Household Demand Holds Key to Economic Prosperity, Government Supply Crucial
The focus is on increasing market demand by emphasizing the importance of households in driving economic growth. Boosting household spending, rather than just business investments, can better address the issues related to demand. Improving the quality of demand, especially through enhanced government supply, can significantly expand household spending. The researchers point to the lessons learned from U.S. economic policies post the Great Depression and Reagan era, and highlight the key role of China's governmental policies in strengthening demand.