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ArtikelTwo Twists in the Dragon's Tail: China's Economy  
Oleh: [s.n]
Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 402 no. 8768 (Jan. 2012), page 72.
Topik: Exports; Gross Domestic Product--GDP; Economic Growth
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    • Nomor Panggil: EE29.70
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Isi artikelData points sometimes change faster than debating points. It is conventional wisdom that China's export-led growth squeezes consumers at home and competitors abroad, even as it adds inexorably to the country's huge foreign-exchange reserves. But figures released this month complicate these arguments. China still runs a size-able trade surplus. But its net exports fell in 2011 (in absolute terms) for only the third time since 2000, subtracting 0.5 percentage points from its growth. Thanks to home-grown spending, China's economy still managed to expand by 9.2% in 2011, remaining surprisingly strong even in the fourth quarter. This growth owed an unusual amount to consumption (both public and private), which contributed over half for the first time since 2001. As a consequence, the share of consumption in China's GDP edged up in 2011 after falling for ten years in a row. The mainstay of China's growth remains investment, on which its economy remains worryingly dependent.
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