Consumption to be the first driver of economic growth in China – People’s Daily Online

English: Logo of the People's Daily 中文: 人民日报题字

English: Logo of the People’s Daily 中文: 人民日报题字 (Photo credit: Wikipedia)

This is a must-read report from China’s leading newspaper, citing latest think-tank evidence. Check it out!

via Consumption to be the first driver of economic growth in China – People’s Daily Online.

Simply, China’s going for a massive consumer spending boom. This will no doubt provoke those that question China’s economic record.

Surely, we could do with some of China’s medicine in Europe?

Thoughts? What do you think? You’re view matter. Share them below.

Additional monetary easing for China? | Alicia García-Herrero at Bruegel.org

This is an outstanding penetrating look at China’s finances from European think-tank, Bruegel. Check it out!

via Additional monetary easing for China? | Alicia García-Herrero at Bruegel.org.

The article suggests that the Bank of China might be wise to refrain from additional stimulus, especially QE. It proposes that China’s corporates and local authorities need to push through reforms.

Thoughts?

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