In order to increase China’s consumption, some current literatures come up with several policy suggestions to reduce China’s high savings rate and therefore stimulate China’s consumption. Anderson (2007) points out that the bulk of excess savings has come from Chinese firms as they “expropriate” market share and profits from the rest of the world. This implies that the sudden appearance of China’s imbalance over the past few years, the sharply rising trade surplus and the implied dramatic increase
Positive Impact of Consumption on China’s Economy Diane Boccara Palm Beach State College ECO2013 Warren Smith 11/11/14 Abstract This paper first gives a brief overview of the country of China and its economical background. Then, it focuses on consumption as a market determinant of China’s recent change in economic growth. The paper analyzes the impacts of consumption and how it influences macro outcomes by comparing statistics and linking them to an increase in consumption.
Their average monthly consumption times are more than twice, and the consumption cost is also the highest in all age groups. The China Daily newspaper has reported that, younger Chinese luxury goods consumption has become a trend. In their survey of Chinese youth luxury goods consumption, more than 60% of young consumers indicated that in order to pursuit fashion and taste, they are willing to pay big bucks to buy luxury goods (Wu, 2014). Miss Wang worked for a foreign bank branch in Beijing Financial
certain cultural value for luxury goods (Heine, 2012).Especially for Asian consumers, it seems that in the far west, craft superb tailoring and rich cultural history of the western area are the pursue of Chinese consumers (Sombart, 2001).Louis Vuitton 's president has said that (2013), “when customers buy our products, they expect Western quality. The mystery of the origin of our brand is closely linked with our brand”. Although with the close of trade, many luxury goods in the production and sales process
The Practicability of Consumption-Led Economy Based on some basic statistics, such as per capita GDP and the growth rate of the urban population, Fukumoto and Muto focus on the likelihood that present-day China is roughly at the same stage of economic development as Japan during or prior to the early 1970’s. In the 1970’s, Japan transformed its economic growth model from investment-led to one led in a more balanced manner through investment, consumption, and exports. Thanks to the transformation
questionnaire, interviews and surveys (Blaxter, 2006). Due to changes in China 's luxury consumption is from the beginning of 2014, there are only a few secondary sources can be found on the Internet. Therefore, this study has mainly focused on gather first-hand information and resources on the analysis of changes in China 's luxury consumption. In the questionnaire part, by the time of Easter holidays, I went back to China to do this research. I have created 120 copies of the questionnaire in order
have developed rapidly in recent years, Chinese consumption proportion is relatively low. This paper estimate whether the URBMI increase the consumption in China by using the Chinese Health and Nutrition Survey in 2009. Through building regression model of URBMI and individual consumption, I find URBMI can significant increase individual consumption and the current health reform can improve Chinese economy. Keywords: medical insurance, consumption, China JEL Classification: E21, I13, R11
Title: Economic growth in china and its effect on the environment in china. Abstract: Economic development is very critical for better future of any country and its residence but for one to gain something thing they must lose something. This has been the case with china’s economy and the environment. China’s growing manufacturing sector and increase in consumption has taken the country’s economy to new heights. Today china is one of the largest economic powerhouse in world, but at what cost. China’s
"Effect of Economic Growth in China on Energy Demand and the Environment" Introduction China has grown economically to be one of the most important countries in the world; with over 1.3 billion population and the sheer size of the country, this economic phenomenon is unprecedented. If only this were the only growth China has experienced, then it would really be a phenomenon, sadly, it is not. China 's drastic growth in the economy has also lead to a few other drastic growths, but it is not for
real GDP, this study tries to testify how consumption enhances the sustainability of China’s real GDP in the short run over a long period of time. As Krugman (1994) suggests, increase in the economic growth rate in the steady state can only be attained by the technological progress. However, it is also true that the increase in consumption will increase the real GDP in the short run. Based on the fact that the current ratio of consumption over output in China is much smaller than that of other countries