China Must Rethink Economic Growth Model
Vivian Yang, Asia Times | August 24, 2011
China has criticized the US for its debt problems, but Beijing’s own growth model is “fraught with difficulties”. ++ Since US and EU debt issues leave its export-driven economy vulnerable to market fluctuations, Beijing must bolster domestic demand. ++ It can do so by relocating industry to cheap-labor inland provinces and encouraging coastal regions to focus on service and high-tech industries, while increasing household income through rural entrepreneurship. ++ As always, though, Beijing must also keep a close eye on its environmental impact.
Tue, Sep 13th 2011, 23:09
yi no hu, China Society for the History of Economic Thought, (1)