China needs many things but not a new growth engine--FT中文网 - ...
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Saved by 1 people (0 private), first by anonymouse user on 2007-02-28
- Pianoer on 2007-02-28 - Tags china , economy , financial , growth , investment , reform , saving , technology
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“if it ain't broke, don't fix it”
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“if it ain't broke, don't fix it”
>
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Arguing that China should increase domestic consumption is tantamount to arguing that it should save less, hence invest less and – other things being equal – grow more slowly.
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