Spending beyond necessity requires confidence in a future without necessity. If medical expenses, retirement care, can not be either insured against or can not be confidently predicted, then spending above necessity will never reach high levels. Those I see traveling for example are party members or people who've stashed large sums overseas.
Zheng Yongnian on what China needs to do for a domestic demand-driven society
Spending beyond necessity requires confidence in a future without necessity. If medical expenses, retirement care, can not be either insured against or can not be confidently predicted, then spending above necessity will never reach high levels. Those I see traveling for example are party members or people who've stashed large sums overseas.