China’s steady presence | Bangkok Post: business

Business > News

China’s steady presence

  • Published: | Viewed: 1,428 | Comments: 0
  • Newspaper section: Asia focus
  • Writer: Associated Press
- +

A pickup in China’s growth has fortified confidence the world’s second-biggest economy will avoid a precipitous slowdown as the past decade’s explosive growth decelerates to the 7% range. 

China’s economic transformation since the 1980s has relied heavily on industrial investment and exports, but those engines have run out of momentum. Chinese export manufacturers are surrendering some of their low-cost advantage as workers demand higher wages. Industrial growth has been so intense that many industries now have too many factories and suffer diminishing returns on every dollar of new investment. The cost to the environment and public health has been high.

Now the government wants Chinese to save less and spend more to make the country’s consumers a bigger driver of growth.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

0 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments