China’s consumption key for crisis exit
Major surplus countries, such as China and Japan, should rebalance demand towards domestic consumption to become less reliant on exports and investment for growth, new research from the International Monetary Fund posits.
The research states that as the world's largest saver, China's priorities are reducing households' precautionary saving by expanding social protection and market alternatives to self-insurance. It also shows that in Japan, further deregulation of the agricultural and services
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