From Nikkei Asia · · 40s
China's economic reset begins at city hall
Beijing shifts growth from land to consumption with city-level economic plans.
In brief
Beijing shifts growth from land to consumption with city-level economic plans. Beijing is replacing land-driven growth with consumption-based revenue through city-level economic strategies. Originally reported by Nikkei Asia.
Beijing's economic shift
Beijing is replacing land-driven growth with revenue tied to consumption.
Suzhou JD.com trial mall
A JD.com mall opens for trial operation on Oct. 1 in China's Suzhou.
Author background
Shitong Qiao is the Ken Young-Gak Yun and Jinah Park Yun distinguished professor of law at Duke University.
Economic strategy focus
Beijing's economic plans have called for shifting growth toward domestic consumption for years.
Recent economic activity
Chinese factory activity expands in September, driven by AI boom.
What matters most
Beijing is replacing land-driven growth with consumption-based revenue through city-level economic strategies.
