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Since the recession, health spending has grown slowly.
So we've become more unequal, and the part of G.D.P. that depends on spending has grown.
Since 2013 consumer spending has grown at a healthy annualised rate of 2%.
For eight consecutive years, consumer spending has grown faster than the economy.
Even so, China's consumer spending has grown more slowly than the overall economy.
Discretionary spending has grown by 36% in real terms since 2001.
According to either model, spending has grown more rapidly in the last three years.
And the areas where spending has grown, by and large, have been smart investments, he said.
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The first is that the number of consumers and their spending have grown extraordinarily fast (see chart 4).
It was the first time since 1991 that hospital spending had grown faster than health spending generally.
The improvement in the deficit would have been even bigger if current spending had grown in line with the budget forecast of 5.1%.
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