Part 8/11:
A Financial Times analysis highlights a critical issue in China's economic framework: the limited fiscal benefits allocated directly to citizens compared to other economies with similar income levels. Despite the expansion of social welfare programs in recent years, only 6% of GDP is directed towards individual consumption services like healthcare and pensions, in stark contrast to the 38% contributed by households. This demographic disparity underscores the structural challenges faced in stimulating domestic consumption, which is vital for economic recovery.