Chinese Domestic Consumption Is the Way Forward
China OTC Player submits:
Last week, in a speech devoted to economic reform, the Chinese Minister for Industry and Information Technology Li Yizhong highlighted the importance of domestic consumption in moving China away from its export-dominated market orientation. This development follows speeches (in early February) by President Hu Jintao, Premier Wen Jiabao, and Vice Premier Li Keqiang, all focusing on the need for the transformation of the Chinese economy. Of course, increasing domestic consumption is not the only topic discussed. Also mentioned are sustainability, upgrading of technology and development of human resources.
It is, however, very clear that encouraging domestic consumption is going to be an important cornerstone of any major economic policy going forward. Already, in the past couple of years, there have been several measures put into effect for precisely this purpose:
Investing, Long Term Investment, stock market | admin March 1, 2010
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