China’s Private Consumption (Guo and Diaye)

Determinants of China’s Private Consumption: An International Perspective by Kai Guo and Papa N’Diaye. This IMF paper gauges the key determinants of China’s private consumption in relation to GDP using data on the Chinese economy and evidence from other countries’ experiences.It claims that the real challenge is to explain why the conditioning variables are so different in China relative to other countries’ historical experience.