Is China consuming enough?
by Malcolm Cook
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12 January 2010 10:45AM
One of the big questions to come out of the wash of the GFC is, will domestic (particularly consumer) consumption in the PRC expand significantly to help moderate global imbalances and provide a powerful new source of domestic and global demand while the traditional engines of global growth stay in neutral or first gear?
According to an insightful post on the new Caing blog in China, the answer is 'yes', particularly outside the major coastal cities. It also notes that currency appreciation would definitely help.
(NB. Caing is a new news venture featuring the editorial team that used to lead Caijing magazine).
Photo by Flickr user stoicviking, used under a Creative Commons license.
