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10 China Myths for the New Decade- Myth #8: domestic consumption
From Status of Chinese People, 4 weeks ago, Read 0 times. Similar articles
Derek Scissors, Ph.D., Research Fellow in Asia Economic Policy in the Asian Studies Center at The Heritage Foundation, via http://www.heritage.org, January 28, 2010 -
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Myth #8: China is rebalancing toward more domestic consumption.
Truth: The dominance of investment over consumption in driving China’s economy is intensifying.
The PRC’s official trade surplus fell by $100 billion in 2009. The U.S. reports the bilateral trade deficit will also decline for...
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