China's Rebalancing Act: How Much Do Consumers Stand to Gain?
After a tough grind through the Year of the Ox, it's easy to see why China is looking forward to the beginning of the Year of the Tiger in February. Thanks in large part to the government's ability to keep the Chinese economy moving in 2009 with a massive, two-year, RMB 4 trillion ($585 billion) stimulus program, most analysts expect robust growth in the year ahead. The challenge now is to reduce its overreliance on exports and manufacturing by increasing domestic consumption. Meanwhile, some experts warn that unemployment and the specter of inflation could threaten any new-found consumer confidence.
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