Economy, Chinese Economy | featured news

China's economy slowed in the second quarter as the government steered monetary and fiscal policy back to normal after a record credit surge last year to counter the global crisis.

Would an increase in Chinese domestic demand meaningfully reduce global imbalances and improve U.S. and European employment prospects?

So the question isn't whether the Chinese economy will change, but how. The optimistic view is that Chinese leaders will slow their investment and credit boom, and at the same time make a transition to a consumer-led economy that doesn't depend so much on exports.