How Does the Composition of Asset Portfolios Affect Household Consumption: Evidence from China Based on Micro Data

To pursue sustainable and balanced economic development, it is urgent to transform the economic development models from investment-driven to consumption-led. Factors underlying the consumption pattern of households in China, especially the rising wealth and its impact, deserve special attention from...

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Bibliographic Details
Main Authors: Hongyun Han, Fan Si
Format: Article
Language:English
Published: MDPI AG 2020-04-01
Series:Sustainability
Subjects:
Online Access:https://www.mdpi.com/2071-1050/12/7/2946