Web Comments

China steps away from export-led growth

Updated: 2011-04-11 15:41

By Hua Xiuping (chinadaily.com.cn)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

The global financial crisis in 2008 and subsequent currency wars have also reminded us that external demand is not always a reliable source in maintaining or creating job opportunities. Regarding future employment policy, governments definitely need to focus more on stimulating domestic demand.

Finally, now most of world's foreign exchange reserves are concentrated in East Asia, with China being top in the list. The risks of foreign exchange reserves have also attracted significant international attention and policy debates. The greatest concern of the Chinese government, which holds a significant proportion of American government bonds, is the solvency of the US government. 'Self insurance' may be just a time bomb!

In conclusion, the consensus seems to be that we shall reform the domestic economic growth model and the previous export-led model must be replaced! This quarter's trade balance figure is an excellent start and let us keep on moving.

Dr Xiuping Hua, assistant professor in Finance, Nottingham University Business School (NUBS), University of Nottingham Ningbo China (UNNC)

   Previous Page 1 2 Next Page  


Green light

F1 sponsors expect lucrative returns from Shanghai pit stop

Buying into the romance
Born to fly
Light of hope

European Edition


Share your China stories!

Foreign readers are invited to share your China stories.

No more Mr. Bad Guy

Italian actor plans to smash ‘foreign devil’ myth and become the first white kungfu star made in China.

Art auctions

China accounted for 33% of global fine art sales.

Beloved polar bear died
Panic buying of salt
'Super moon'