Or not. From Reuters (via Yahoo!):
"If there in an over-reliance on government-led and policy driven measures to stimulate growth, not only is this unsustainable, it would even create new problems and risks," Li was quoted by the paper as saying indirectly.
It is not a strong quote (indirectly?), but perhaps the politburo has come to terms with reducing domestic inflation in order to preserve wage competitiveness or at least reduce the rise in wages to preserve unemployment.
Might we see wave of government reform to address environmental issues? I would think that such reform could lead the shift toward a stronger Chinese service sector and less reliance on export and more consumption of domestic production.
Here are a few other articles I have been reading lately:
Chinese NPLs (and another)
Chinese Foreign Exchange Rules
Hong Kong Dollar Peg
Hong Kong Yuan Peg
Might we see wave of government reform to address environmental issues? I would think that such reform could lead the shift toward a stronger Chinese service sector and less reliance on export and more consumption of domestic production.
Here are a few other articles I have been reading lately:
Chinese NPLs (and another)
Chinese Foreign Exchange Rules
Hong Kong Dollar Peg
Hong Kong Yuan Peg
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