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Time for China to set an explicit household consumption target (www.scmp.com)

submitted 3 months ago by rss@news.abolish.capital to c/china@news.abolish.capital

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The Chinese planning season is in full swing. Ahead of the formal release of the 15th five-year plan (running from 2026 to 2030) next March, early signs coming out of the just-completed fourth plenum of the Communist Party suggest that it will be more of the same: a focus on continuing China’s extraordinary industrial and technological ascendancy, driven by what President Xi Jinping has called “new productive forces”. That would be a mistake in the following sense: China’s techno-industrial...

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