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  3. Improving migrant workers’ living standards key to boosting Chinese consumption: HSBC

South China Morning Post

Improving migrant workers’ living standards key to boosting Chinese consumption: HSBC

China’s hopes for a consumption boom may depend less on stimulus or wealthy households and more on improving living standards for 131 million migrant workers in its cities – a shift that could unlock spending equivalent to about 0.5 per cent of the country’s gross domestic product, according to HSBC. In a report released on Thursday, analysts at the bank projected that the world would add about 1.2 billion middle- and high-income consumers by 2050, with Asia accounting for 77 per cent of the...

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Por South China Morning Post

11 September 2026|1 minuto de lectura
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Improving migrant workers’ living standards key to boosting Chinese consumption: HSBC
Improving migrant workers’ living standards key to boosting Chinese consumption: HSBC
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