China's growth no longer export led - report

Noting that the question of what is - now - driving China’s seemingly relentless economic growth is one of significance to international policy makers and business executives alike, a leading business journal has conducted new research. Arguing that conventional wisdom of export-led growth is wrong, the McKinsey Quarterly report says : “We found that exports have been a major driver, but not one as dominant as commonly believed. Indeed, there are clear signs that a shift toward domestically driven economic growth is well under way.” The picture of the Chinese economy that emerges from this...

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