A Healthy Path to Chinese Consumption Growth
China’s economic policymakers want to shift the country’s production away from exports and heavy industry, and to increase the share of consumption in GDP. A relatively simple institutional change could do much to promote the latter goal.
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CAMBRIDGE – China’s economic policymakers want to shift the country’s production away from exports and heavy industry, and to increase the share of consumption in GDP. A relatively simple institutional change to encourage health-care insurance could do much to promote the latter goal.