the low consumption as part of GDP also has to do with different ways of reporting GDP. they dont include some government funded services in the consumption share of GDP, when similar services are included in other countries consumption shares.

china consumes 30% of cars, 20% of mobile phones, 40% of televisions, 25% of furniture, etc. in basically every consumer category they exceed 20%. how can that be true and at the same time they have an abnormally low "true" consumption rate?

https://www.project-syndicate.org/commentary/china-household...

https://asiatimes.com/2023/11/consumption-in-china-is-it-rea...