Personal consumption as percentage of GDP in the 1980s was 50% (the highest in 40 years of reform), declining to 40% by recent years, with a low of 34% in 2010, indicating a fundamental shift away from consumption-driven growth.
factualpending
Speaker
Yasheng HuangEvidence Quote
“the personal consumption GDP ratio was 50% the highest uh ever in the uh 40 Years of Chinese reforms now it's about 40% the lowest point was 2010 34%”
Source
Critical Issues Confronting China - Professor Yasheng Huang - November 29, 2023— Fairbank Center for Chinese Studies | Harvard UniversityCreated: 8/11/2026, 1:31:52 AM
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