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Unconventional borrowing solutions top priority for brokers, says TMA Club

TMA Club has today revealed that the top three queries their Broker Support Desk assisted Directly Authorised (DA) brokers with in Q1 were: Residential ....

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Income distribution reform critical


MA XUEJING/CHINA DAILY
China will expedite efforts to foster the new dual-circulation development paradigm in the 14th Five-Year Plan period (2021-25). There is still immense potential to be tapped from domestic circulation. The experience of industrialized nations, such as Japan and the Republic of Korea, indicates that after a country s per capita GDP exceeds $10,000, the main force driving economic growth will shift from investment to consumption, especially household consumption.
The substantial increase in residential income and improvements in the social security system since the launch of reform and opening-up has laid a solid foundation for China s domestic economic circulation. We should also note that there is still much room to deepen reform of the income distribution system and properly narrow the gap in income distribution to help raise the level of consumption by a large margin. ....

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