Catalyzing Consumption and Balancing Growth
China has weathered the Great Recession well. But the world now waits to see if China can sustain last year’s impressive domestic demand, and if the government can put household consumption front and center in the country's growth model.
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WASHINGTON , DC – China has weathered the Great Recession well. The world now waits to see if last year’s impressive domestic demand growth can be sustained, and if China can, in the words of Prime Minister Wen Jiabao, “give full play to the leading role of…consumer demand in driving economic growth.”