Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
Because past efforts to accelerate consumer spending have failed, Beijing has begun to consider more radical changes, including an alteration in the tax code.
Because past efforts to accelerate consumer spending have failed, Beijing has begun to consider more radical changes, including an alteration in the tax code.