The old China growth model based on capital formation and exports is running on empty. So China is transitioning to a model that is more based on consumer demand. While the transition is difficult and fraught with obstacles, the end result could benefit the world economy as a whole, although not everybody. Source: China To […]
Entries Tagged as 'World Economy'
January 12th, 2016 · Comments Off on China To Save The World Economy? | Seeking Alpha
Tags: World Economy