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China’s Consumer Spending Problem Has Become an International Issue

The country’s dependence on investment and exports is threatening its economy at home and affecting prices worldwide.
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China’s Consumer Spending Problem Has Become an International Issue
An employee uses balloons to attract customers at a fashion retailer having a promotional sale at a shopping mall in Shenzhen, in China's Guangdong Province, on Nov. 1, 2019. Andy Wong/AP
Panos Mourdoukoutas
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News Analysis

China is a nation of thrifty savers rather than prosperous consumers. The Chinese people have yet to spend freely and enjoy the fruits of their hard work in line with their peers in other emerging market economies.

Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”