EconomicChina·Unpinned15 Oct 2026
IMF suggests China increase healthcare spending to boost consumption
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The International Monetary Fund (IMF) released a book titled 'Toward a New Economic Growth Model for China' that identified high healthcare costs as a primary driver of household saving rather than spending in China. Economists Yizhi Xu and Fan Zhang noted that rural residents spend 8.7% of their disposable income on healthcare, a figure second only to the…
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