Liu Mingkang advice for China

Note: This section contains information in English only.
Source: Bloomberg

Liu Mingkang said in an interview that it is of paramount importance for China to lower its dependence on exports as the foreign demand is weakening with the European crisis. To ensure that the world's 2nd largest economic organism does not experience severe repercussions, it would have to increase its GDP by 7% during the upcoming 5 years as well as by 6%, at a minimum, during the upcoming 10. Lui also emphasized that the Chinese government should focus on increasing the demand on the domestic market as the Chinese goods are not of a primary need abroad.

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