Latest update: 28/07/2010
China awakens to its domestic market
The Chinese, particularly the poor rural population, are notoriously bad consumers. What little money the do earn, they tend to hoard. It's bad news for a government desperately trying to distance itself from an export-driven economy and move to a more consumer-orientated one. In an effort to promote spending, government-backed subsidies on a range of goods are starting to encourage those who wouldn't normally splash out.
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