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Saving is the New Spending: Chinese Consumers are Tightening Their Purse Strings

February 27, 2019 By Colin Shek

After years of enjoying the fruits of a booming economy and sharply rising disposable income, life for many of China’s higher earners is getting harder. Amid mounting debt levels and economic headwinds, urban middle-class consumers have responded by scaling back their discretionary spending and reducing luxury purchases—an emerging phenomenon known as the “consumption downgrade.” The newfound frugality of middle-class spenders may be good for their wallets, but it is an unwelcome development for Beijing.

Filed Under: All Articles, China, Consumers Tagged With: Consumption

Should the Liquor Tax in China be Higher?

January 27, 2015 By Brian Viard

Liquor tax in China is lower than in most other countries. Prof Brian Viard on whether there is a case for raising it.

Filed Under: All Articles, Best Practice, Consumers, ExpertSpeak, Invisible Hand Revealed, Know China, Society Tagged With: Alcohol, Alcohol Tax, Brian Viard, Chinese Consumers, Consumption, Pricing, Slider

Busted! China’s Real Estate Bubble and Other China Myths

November 4, 2014 By Major Tian

Carnegie Endowment’s Yukon Huang offers a new perspective and demystifies some popular notions about China, such as fears about the real estate bubble.

Filed Under: All Articles, China, Chinese Economy, Know China, Real Estate Tagged With: Chinese Economy, Consumption, Debt, Economic Reform, GDP Growth, Housing Prices, Property, SOEs, Urbanization

Agriculture in China: Down on the Farm

June 5, 2014 By Matthew Fulco

Agriculture in China is still primitive and needs to be modernized quickly. But whose responsibility is that? Wang Liang is a farmer in the northeast province of Hei­longjiang, China’s top corn producer. Despite fertile soil, Wang says the small size of his plot limits his crop yield and income. Both took a hit last year […]

Filed Under: Agriculture, All Articles, Best Practice, China, Consumers, Finance, Know China, Society Tagged With: Agriculture, Chinese Consumers, Consumption, Food Safety, Foreign Investment, GDP, Modernization, Slider

Stephen Roach: China is moving to a healthier growth model

April 3, 2014 By Major Tian

According to former Morgan Stanley Asia Chairman Stephen Roach, China is transitioning to a more stable economic model with a greater—and healthier—emphasis on consumption and services. China’s economy is showing more signs of slowing down, but it’s the interpretation of the slowdown that really matters. Some, like billionaire investor George Soros, warn that China’s economy is “running out […]

Filed Under: All Articles, Chinese Economy, Connections, Economics, Emerging Economies, Know China, Policy and Law, Videos Tagged With: Chinese Economy, Consumption, Exports, GDP, Imports, Leadership, Morgan Stanley, Savings, Slider, Stephen Roach

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Information, analysis, and interviews about the Chinese economy and doing business in China, from the people who know it best. Presented by the Cheung Kong Graduate School of Business, China's leading business school.


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