CLEAN:World Bank slashes China's growth forecast to 6.5 percent

The video discusses two methods to adjust economic balance: increasing consumption to match production, which is challenging, and reducing production by closing factories and laying off workers. The government aims to increase consumption, but it is a difficult task. The transcript ends with an unclear statement.

What does the phrase 'much easier said than done' imply in the context of adjusting consumption?

What are the consequences of closing factories as a way to reduce production?