China Tells

China’s GDP growth has been outstanding among the three big economies in East Asia (China, Japan and South Korea). However, it seems that the Chinese consumers’ appetite has not been growing at the same pace as ecnomic growth. According to a latest study, China’s consumption/GDP ratio has been in a consistent downtrend from 55% to 36% during the last 20 years. As a contrast, the consumption/GDP ratio of South Korea and Japan have been stable between the range of 50% and 60%. Apparently the country’s economy has grown much faster than consumer’s appetite to spend more.

中国的消费率持续不振可谓世界难题。根据最新一项研究发现，中国的消费率在过去的20年中持续下降，从55%下降到目前的36%左右。横向对比之下，日本和韩国的消费率一直稳定在50%到60%之间。中国的消费难题恐怕还需要政府多动脑筋加以解决。