Opinion

China’s fundamental problems with the consumer society

Share
Copied!

Published: January 1st, 2025,
Last updated: January 2nd, 2025

by Stephen S. Roach
Stephen S. Roach teaches at Yale University. He is a former chairman of Morgan Stanley Asia.

China’s technological prowess is quite simply outstanding. From world-class infrastructure and eco-friendly cities to space systems and high-speed trains, China’s impressive accumulation of cutting-edge physical capital has played a major role in its economic development. However, China’s technical achievements on the supply side do not translate to its socio-technical efforts on the demand side, especially in boosting consumer demand.

Sign up now and continue reading immediately

No credit card details required. No automatic renewal.

Share
Copied!
Drei-Kind-Politik