Economics Matters: China is Growing Consumption, Not Debt

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.

https://www.forbes.com/sites/yuwahedrickwong/2019/05/16/economics-matters-china-is-growing-consumption-not-debt/

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