ABSTRACT

Xi Jinping's premier, Le Keqiang, touts urbanization as the key to China moving from an export-driven growth model to a domestic consumption-driven model. As China's property market was crawling out from under a two-year slump in May 2016, lawsuits involving property surged 36 percent in 2015. The "fun" that China's manufacturers are trying to add to work in order to keep migrants from quitting stands in sharp contrast to what is happening with the children of those migrants. Contrary to China's 2007 antimonopoly law, Xi Jinping is encouraging consolidations of state-owned enterprises. Consumption also likely would increase if China would enforce its antimonopoly law, which was passed on August 30, 2007. Consumption-driven growth has not significantly progressed under Xi Jinping's administration. Contrary to Xi Jinping's and Le Keqiang's verbal endorsements of consumption-driven growth, the policies that they are increasingly implementing are reversions to either export-driven growth or government-investment-driven growth.