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What role does consumption play in China's economic transformation?

What role does consumption play in China's economic transformation?

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This Monday was the Single's Day shopping spree. In 24 hours Alibaba racked up $38 billion, a new record which is larger than the GDP last year of more than 100 countries. The massive sale followed on the heels of the 2nd CIIE. More than $71billion of intended deals was made. What do these two events tell us about China's consumption capacity, and what role does consumption play in China’s economic transformation? Please check this edition of panel discussion.

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