China's Consumption Conundrum: Rhetoric vs Reality In recent months, Beijing has touted a new economic strategy prioritizing domestic consumption as a key driver of growth.
The shift is seen as a response to declining exports and slowing global demand, which have taken a toll on the country's economy.
However, can China truly "walk the talk" on boosting consumption, or is this just another example of policymakers' propensity for propaganda over substance?