Transformation From Investment-Led Growth To Consumption-Led Growth Strategy In Chinese Economy

Background and the Need for ChangeDescribe about consumption-Led growth strategy of China?
China is the nation which was able to transform its economy from an isolated nation to a nation that is opened to the world on a global basis. The famous Chinese revolutionist Deng Xiaping took initiatives to improve the trade relations between China and all other nations. It is then that the relevance of foreign trade was felt by the country. Den…