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Xi Jinping’s new economic focus on China’s demand reform borrows ideas from Marx more than Keynes

Summary:
[unable to retrieve full-text content]The Politburo of China’s Communist Party coined a new term, “demand-side reform”, at its latest meeting, intending to complement Beijing’s ongoing “supply-side reform” to better balance the national economy, as the official line goes.It is clear that Beijing is not totally happy with the demand side. But the primary concern about demand revolves more around its structure than its size. If Beijing was worried about insufficient demand, it could just take a page from the Keynesian playbook by …

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[unable to retrieve full-text content]
The Politburo of China’s Communist Party coined a new term, “demand-side reform”, at its latest meeting, intending to complement Beijing’s ongoing “supply-side reform” to better balance the national economy, as the official line goes.It is clear that Beijing is not totally happy with the demand side. But the primary concern about demand revolves more around its structure than its size. If Beijing was worried about insufficient demand, it could just take a page from the Keynesian playbook by …
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