So far the process of trying to shift the structure of the Chinese economy from manufacturing to services has received mixed results. Although it initially started out well, China is finding it hard to change the behaviour of its consumers, the majority of citizens would rather save their new found income than spend it. This is mainly due to Chinese citizens worrying about money for retirement and looking after their families. The government seems determined not only to keep people in a state of fear but also to make them feel that they are being punished by the government.
So far the process of trying to shift the structure of the Chinese economy from manufacturing to services has received mixed results. Although it initially started out well, China is finding it hard to change the behaviour of its consumers, the majority of citizens would rather save their new found income than spend it. This is mainly due to Chinese citizens worrying about money for retirement and looking after their families. Therefore, China is addressing these concerns by creating a strong social safety net, such as pension plans and health care etc.