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Old 08-16-2011, 12:41 PM   #1
xiyimian
 
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Default even to surpass China's GDP growth

McKingsey: China to transform to consumer-based economy
The report was released at the 2007 annual conference of Boao Forum for Asia, saying that China will give up its investment-based development pattern in the next 20 years, in favor of a consumer-based economy.
During the economic restructuring,louboutin pas cher, the income of Chinese will greatly increase,franklin et marshall, even to surpass China's GDP growth, which means that China will have a more balanced development pattern,christian louboutin, and witness a new round of rapid economic growth.
Eventually, the repayment rate of investment in China will become lower,franklin marshall, thus investment will be cooling down. However,polo ralph lauren, Chinese will be more willing to spend,polo ralph lauren shirts, as their income grows,cheap polo ralph lauren, which will definitely stimulate economic growth.
McKingsey estimates that consumption will contribute to 41% of China's GDP in 2015,louboutin, and even 45% in 2025.
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