China eyes home demand

Reported by Straits Times on Saturday, 7 November 2009 (on November 7, 2009)

BEIJING - CHINA is not counting on a quick rebound in the world economy to fuel growth but will concentrate instead on boosting home-grown demand, Yao Jingyuan, chief economist at the National Bureau of Statistics, said on Saturday.The need for China and other countries with big current account surpluses to rebalance their economies away from exports will be a main theme for finance ministers and central bank chiefs at the Group of 20 meeting in Scotland on Saturday.

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