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Activating Consumer Demand as a Key to Successful Development of the PRC Economy

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  • B. A. Anosov

    (Primakov Institute of World Economy and International Relations, Russian Academy of Sciences)

Abstract

— In the 14th five-year plan of the PRC (2021–2025), consumer demand is considered as the basis for future economic development and GDP per capita growth. Stimulating consumption within the PRC is one of the tasks of the government for 2021. This article analyzes the factors affecting the expansion of consumer demand, and also analyzes the economic indicators associated with the selected issue. The article also draws conclusions about the impact of the United States-China trade war and the COVID-19 pandemic on changing consumption patterns in the PRC.

Suggested Citation

  • B. A. Anosov, 2021. "Activating Consumer Demand as a Key to Successful Development of the PRC Economy," Studies on Russian Economic Development, Springer, vol. 32(6), pages 705-711, November.
    • Handle: RePEc:spr:sorede:v:32:y:2021:i:6:d:10.1134_s1075700721060022
    DOI: 10.1134/S1075700721060022
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    References listed on IDEAS

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    1. Luke M. Shimek & Yi Wen, 2008. "Why do Chinese households save so much?," International Economic Trends, Federal Reserve Bank of St. Louis, issue Aug.
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    Cited by:

    1. E. G. Leonidova & M. A. Sidorov, 2023. "Assessment and Forecast of Domestic Tourism Consumption in Russia," Studies on Russian Economic Development, Springer, vol. 34(1), pages 132-141, February.

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