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China Should Urgently Switch Economic Growth Focus - Guan Tao

CHINA PRESS
MNI (Singapore)

China should switch its economic growth focus to a greater reliance on the domestic market before weakening external demand reaches an inflection point, wrote Guan Tao, a former foreign exchange official and now global chief economist of BOC Securities, in a blog post. China should make good use of its fiscal and monetary policy space to boost consumption and investment to consolidate the economic recovery, said Guan. Maintaining the country's leading position in the world's economic recovery is an important foundation for supporting the strength of the yuan, said Guan.

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