According to analysts at Standard Chartered, the Chinese government is increasingly looking to consumers to sustain growth. Key Quotes “With return on credit-driven investment diminishing and a worsening foreign trade environment, the government recently introduced several measures to support consumption, including lowering the tax burden on low-income groups.” “We think Chinese consumers have great potential to spend more on goods and services, and policies aimed at reducing income disparity, improving housing affordability and strengthening social security could facilitate a transition toward a consumption-led economy.” “We expect China’s ongoing urbanisation and the rise of its middle class to drive an expansion and upgrade in consumption.” “We forecast that China’s GDP will match the US’ by around 2030, with household consumption reaching c.70% of US’ level from just 35% in 2017.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US: Focus on employment and Chicago PMI data – TDS FX Street 4 years According to analysts at Standard Chartered, the Chinese government is increasingly looking to consumers to sustain growth. Key Quotes "With return on credit-driven investment diminishing and a worsening foreign trade environment, the government recently introduced several measures to support consumption, including lowering the tax burden on low-income groups." "We think Chinese consumers have great potential to spend more on goods and services, and policies aimed at reducing income disparity, improving housing affordability and strengthening social security could facilitate a transition toward a consumption-led economy." "We expect China's ongoing urbanisation and the rise of its middle class to drive an expansion… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
