Some people seem to have illusions about domestic demand
Machine translated
Domestic demand only becomes meaningful when there is enough income to allow for spending beyond basic living expenses.
If you are earning 500,000 won a month in a Chinese provincial city and spending it all on housing and food, that isn't domestic demand—it's a burden (from an economic perspective).
We aren't in the Middle Ages; how can you run an economy on nothing but essential survival needs?
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