Monday, 24 September 2007

From Exports to Domestic Consumption

IPE Zone brings together a number of papers looking at China's rebalancing act as it moves from exports to domestic consumption.

Articles on China's Rebalancing Act
The September issue of the IMF publication Finance & Development has a whole bunch of articles on the need for Chinese rebalancing from investment and exports to domestic consumption. This is a longstanding refrain. Premier Wen Jiabao, for instance, has stated that China's current growth path is "unstable, unbalanced, uncoordinated, and unsustainable." Yes, we keep hearing this, but is anything different happening? I am afraid that I see very little change or improvement. Nevertheless, this bunch of articles from Finance & Development makes for interesting (and relatively light) reading:


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