Social Sciences
5 years ago

China Shifts from Material to Service Consumption, Revolutionizing Economic Growth.

˜The œgreat transformation of China
Consumption Pattern as a Turning Point from Material Consumption to Service Consumption
Fulin Chi

Paper Summary

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In China, there is a shift happening from buying things to using services, with a focus on balancing investment and consumption. By 2020, the economy is expected to grow based on this new consumption-oriented approach.