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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 396.31

-0.6%

Dec 31 4:00 PM EST

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To: Snowshoe who wrote (29802)	2/24/2008 4:48:27 AM
From: elmatador	of 218905

How China is boosting local consumption. give farmers the same tax rebates long given to exporters of home appliances, removing a policy bias towards exports and helping manufacturers tap a potentially huge pool of consumers in rural China. soak up producers' excess capacity and kick-start rural consumption," says Du Linjun, the director of the finance and trade office of Zhangqiu county. Beijing could not have chosen a better time for such an initiative. With a looming US recession threatening to sap the overseas demand that has helped keep the world's fourth-largest economy growing by more than 10 percent a year, it is more important than ever that domestic consumers step up to buy more of the goods churned out by the country's factories. Economists and officials almost unanimously agree that to become less vulnerable to shocks like the US subprime crisis, China's economy must become better balanced, relying less on exports and investment busrep.co.za Brazil nods approvingly since the Chinese will keep importing our materials.

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