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Why China is still struggling to ‘invest in people’ (www.scmp.com)

submitted 1 month ago by rss@news.abolish.capital to c/china@news.abolish.capital

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As 2026 dawns, China has signalled a renewed crusade: persuading its citizens to spend more, for their own benefit and for the country’s. Yet history offers a cautionary tale. China’s leaders have long harboured an ambivalent relationship with consumption as a growth engine, instead favouring production and investment. This time, though, the signals suggest a deeper resolve. The gravity of this pivot is underscored by Qiushi, the Communist Party’s flagship publication, which last month published...

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