TH Real Estate: Chinese economy ‘walking the tightrope’
A report by TH Real Estate, ‘THINK: China’, highlights the challenges facing that economy. Growth is assumed to slow from a little over 10% annually in the 1990s to just below 10% in 2000-14 to around 5% in 2015-30. Rebalancing of the economy from investment to consumption will involve measures to boost rural incomes, greater spending on health, the provision of insurance and further rises in rural wages relative to urban wages. Reform or abolition of the Hukou (resident permit) system could boost migrant workers’ disposable incomes and ability to spend.
Source : August 2015/THRE/Shanghai/GEN