China Chart Book
Government still central to the recovery (Mar 10)
Chinese consumers played a major role in supporting economic growth over the past year. Even at the depths of the global crisis, consumer spending barely slowed. But this was not entirely because of the fortitude of Chinese consumers. The government provided incentives through tax breaks, trade-in schemes and other support for them to keep spending. Recent data from large retailers show that a third of spending growth at the end of 2009 was on products benefiting from such support. The government has said it will extend these measures through 2010, but until consumer spending stands on its own feet, the sustainability of the broader recovery will remain in question.
Access to the full article is restricted to Capital Economics clients only.
If you are a client, please log in below to view this article.
Not a client?
To become a client, take a FREE Trial to receive information on services available from Capital Economics.
> Find out more- China Rapid Response
- China Data Response
- China Watch
- China Activity Monitor
- China Chart Book
- China Economics Update
- China Economics Focus
Our service includes
- Publications
- Website access
- Seminars & conferences
Capital Economics
The leading macroeconomic research consultancy
The selected article is from our PUBLICATION NAME HERE publication, which is available as part of our SERVICE NAME HERE service.
SERVICE NAME HERE
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam tortor lacus, fringilla eget vehicula id, sodales at felis. Phasellus porttitor nibh et nisi tempor viverra. Nullam sapien est, varius ut porta vitae, dignissim varius.
> Find out moreSubscribe now
To subscribe to this service, please contact us at our London office on (0)20 7823 5000, our Singapore office on +65 6595 5190 or our Toronto office on +1.416.413.0428. Alternatively please email us at publications@capitaleconomics.com