Its 12th Five-Year Plan is focused on three major pro-consumption initiatives: jobs (especially labor-intensive services); wages (underscored by accelerated urbanization); and a reduction of fear-driven precautionary saving (arising out of a broadening of the social safety net). If China delivers on each of these three fronts – as I suspect it will – private consumption’s share of Chinese GDP could rise by as much as five percentage points between now and 2015.
而中国则是这种趋向表现最明显的国家。在2008年，个人消费下降到国内生产总值的35%，这一历史新低的数据比亚洲消费基准还低了十个百分点。中国因而急需重新调整其经济增长模式，如果西方消费水平依然不见增长，那么这个问题则更为突出。