The important segment of rich Chinese sees a wide range of changes, splitting the group in at least three sections, tells retail analyst Paul French in Quartz. And all are planning better in how to spend their money as the fight against corruption turns serious.
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China’s GDP has depended largely on huge investments in infrastructure, rather than consumption. Economic analyst Arthur Kroeber argues in IBNLive that this policy is not longer possible, although ending it might be a tough call as the political transition asks for stability. Read More →