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Comment by monocasa | Hacker News Reader

Xi has been publicly touting how China needs to convert to more of a consumer economy for its next phase of development.

https://www.chinabankingnews.com/p/xi-wants-to-create-a-nati...

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This article just says what some economist thinks should happen. Not what Xi plans to do.

> The Central Economic Work Conference held in December called for “vigorously spurring consumption,” to deal with weak domestic demand and over reliance on exports.

The Central Economic Work Conference is a CCP event where they announce the current direction of the Chinese economy for the year, and is headed by Xi.

Yes but the entire content of the article was taken from what that economist thinks should happen. Not what the actual plans are. The communist party has done no course correction at all so far and the actual decision what to do can only come from Xi.

Because the party is actually only reacting way to late to events. Want to know how they plan economically in reality? Look at the botched covid pandemic- that was a pulse (the pandemic) and the party reacting to it. Now you know about capabilities and reaction speeds of the CCP in the most dire of emergencies.

The statements at the CEWC are endorsements from Xi. He literally talked about boosting consumption at his keynote there.

And that's a key piece of the current 5 year plan. The CCP is actively executing on converting the Chinese economy to more of a consumption based economy.

Talk is cheap. China shifting their economic model would be a geopolitical event of the decade. Nothing other than talk has happened.

What would be evidence for you?

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