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Branko Milanovic says China’s weak consumption may reflect higher savings by the urban elite, not only low social transfers or wage compression. The argument sh

BWB News TV • 2026-08-11 03:11 UTC • By Billy Odell Tucker-Robinson
Branko Milanovic says China’s weak consumption may reflect higher savings by the urban elite, not only low social transfers or wage compression. The argument sh
Branko Milanovic says China’s weak consumption may reflect higher savings by the urban elite, not only low social transfers or wage compression. The argument shifts attention to affluent household behavior as a driver of macro data.
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