China’s economy defies expectations | DW Business

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Published 2024-03-26

China’s economy has performed better than expected so far this year, with industrial output and retail sales both outperforming forecasts. Despite this, the Chinese government is cautioning that domestic demand remains too low. DW Business speaks with Michael Pettis, senior fellow at the Carnegie China Center and professor of finance at Peking University, about how the country can boost consumption at home and restore its image internationally.

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#china #economy #industrial

All Comments (21)

@buravan1512 21 days ago

Last two weeks, DW was saying that CHINESE ECONOMY is collapsing. 😂
@jerryfish09 1 month ago

Germany recently invested heavily in China😂
@vlarion2023 1 month ago

What if the reason is simply that they don't want to become a service-focused economy and just wants all the factories to stay at all cost?
@Lords1997 1 month ago

Very eloquent and knowledgeable speaker. Please have them back on!
@k.k.c8670 1 month ago

It is going to be a monumental task to get people to save materially less and consume a lot more like in other economies . That's going against Chinese culture and habits spanning millennia. Some people say they save a lot because there are no safety nets but if you know Chinese history, even during the golden era of some past Dynasties, this was equally a 'problem'. People saved a lot despite robust safety nets in place.
@addict8229 1 month ago

Increasing domestic consumption in China is going to be extremely difficult with the majority of savings tied up in real estate. Real estate in China is hard to sell considering over 90% of home sold are new.
@t_r_mas8765 1 month ago

Great guest! Easy understanding, straight forwatd
@JamesBond-su7hj 1 month ago

India has lower productivity, which fits very well with the low demand
@killeresk 1 month ago

Great report and knowledgeable guest.
@MarkDanielLouwe 28 days ago

This is actually good if they're focused on localisation now. They can channel their energy to other areas that has high demand.
@franciscouderq1100 28 days ago

Interesting input, thanks
@jimbogan367 28 days ago

Self-selecting power only think the power security only. It is as simple as that.
@jimbogan367 28 days ago

When the people have no basic social-economic securities such as medical service and education, they have to save hard for these experiences.
@planesrift 21 days ago

All the productivity for things they cannot afford.
@jimmylam1486 1 month ago

Really enlightening analysis of China's strength and weaknesses. Not many economists can tell the story so well in just a few minutes.
@SimeonRadivoev 1 month ago

Did he seriously say the sustainable way is for people to consume more ?
@shivamqwsa2976 1 month ago

That was informative. I like this guy.
@anfio137 1 month ago

when I live in Shanghai, sam’s and Costco supermarket always full of customers everyday, and both of them is America company
@user-vj4sn1hk3n 28 days ago

Demand for high quality is more sustainable than low quality products.
@jeff5534 1 month ago

He lost me when he said the high tech sector isn’t that important… it is