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,
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franklin et marshall, even to surpass China's GDP growth, which means that China will have a more balanced development pattern,
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Eventually, the repayment rate of investment in China will become lower,
franklin marshall, thus investment will be cooling down. However,
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McKingsey estimates that consumption will contribute to 41% of China's GDP in 2015,
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two thirds of the attendants put up their hands
because people are worried about their future