When Japan's consumption tax rate, which is a value-added tax (VAT) rises, it causes the price of goods to increase proportionally, which in turn represents the proportional reduction in lifetime ...

Learn how the income effect and the substitution effect shape both consumer decisions and demand as incomes and product prices change.

The promotion of domestic consumption is a pressing priority for China. Beijing Business Today spoke to Yang Tao, deputy director of the National Institution for Finance and Development, on how to ...

In recent years, private consumption in China as a percentage of gross domestic product (GDP) has declined to only 30.8% in 2008 (based on household surveys, which is slightly lower than 35.3% based ...

China should make greater efforts to boost household income over the next five years as the world’s second-largest economy looks to consumption to power future growth, a former senior official said.