China on Track to Become More of a Consumer Driven Economy, Says HSBC’s Wang

The video discusses China's economic growth over the past decade and its future challenges. It highlights China's shift from investment-driven growth to a focus on productivity and consumption. The demographic changes, such as an aging population and improved education, are also addressed. The transition towards a consumption-driven economy is emphasized, along with the need for policymakers to balance investment and consumption to avoid economic instability.

What role does consumption play in China's GDP growth?

What strategies should policymakers consider to support China's economy?