The Challenges of Shifting to a Demands-Focused Economy in China

China's economic model of investing in infrastructure and development to fuel growth is no longer sustainable. The country is burdened with underused assets, declining returns on investment, and a lack of demand-driven growth. This shift from a supply-focused to a demand-focused economy is crucial for long-term stability and prosperity. However, there are challenges in achieving this transition, including ideological opposition and resistance to empowering individuals to make consumer choices. Despite these hurdles, the power of consumer demand, as evidenced by the US market, remains integral to sustained economic growth.