These three things could revive China’s economy, says Kevin Rudd

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He said the “untapped potential” of Chinese consumer demand, which increased 7 per cent last year, was “the best guarantor of China’s economic future”. “The Chinese consumer has had a rough time in recent years,” he said, pointing to slow wages growth, youth unemployment, and many people’s losses on the property and equity markets. “The key question for the future is the restoration of Chinese domestic consumer confidence, because that is China’s best long-term guarantee and it lies at the heart of Chinese economic policy.” Mr Rudd suggested Beijing needed to look at wages policy, tax policy and welfare provision...