China
2021.03.06 02:54 GMT+8

How China’s economy works: Demand Side Reform

Updated 2021.03.06 02:54 GMT+8
Owen Fairclough

Striking the balance between supply and demand is a challenge for any economy. 

China, the world’s biggest supplier wants its own consumers to demand a little more. And how to do that is one of the aims at this year’s two sessions.

For China, the key is investing in high-tech products such as that Alipay app to make spending easier.  But authorities also need to look at a whole range of issues, including raising wages and taxation.

CGTN's Owen Fairclough explains. 

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