Consumer Credits and Economic Growth in China.

Consumption played a relatively less important role historically in China's economic growth, which has been primarily driven by exports. As the Chinese government tries to stimulate domestic demand for economic growth outlined in the Third Plenary Session of the Eighteenth Communist Party of China (CPC) Central Committee, consumer credits have become increasingly important as China's export-led growth slows down. This article describes the status of consumer credit and presents an empirical analysis of the relationship between consumer credit and economic growth. [ABSTRACT FROM AUTHOR]

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