Economics Matters: China is Growing Consumption, Not Debt |
| May 17, 2019 | May 2019 Bond Updates |
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Even though China’s services sector still accounts for only about half of GDP, its rapid transformation has turned it into a driving force behind job and income growth. China today leads the world in becoming a digital economy and is furthest along in becoming a cashless society. |
| View more at: https://www.forbes.com/sites/yuwahedrickwong/2019/05/16/economics-matters-china-is-growing-consumption-not-debt/ |