Quote:
Originally Posted by Skybird
They are in danger of "overheating". Changes to their economic policy have been announced juist short while ago, and have been started to get implemented, but this needs time. They said they want to readjust the slider away from their dependency on exports, towards strengthening internal demand . The de facto agricultural autarky they enjoy, was mentioned as an example, Chinese commentators said. Their currency policy they will run in support of this policy, and there is little the West can do about it.
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The article points out that what they say they are doing and what they are actually doing are two different things. I'm not sure that they can make the swing from their export dependency without a fair amount of upheaval and pain, which may also hurt their neighbours and western importers of Chinese made goods (read everything you wear, read, watch TV on, listen to the radio on...etc. etc).