Word: growing
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...China needs to balance export-led growth with a stronger domestic economy grounded by greater consumer spending. Two things need to happen: real incomes need to grow for all Chinese consumers (not just those working in urban areas). And consumers have to feel secure enough to spend more of what they make, rather than hoard...
...force them to move more quickly on these fronts. China's unemployment rate could reach 14% before the crisis is over, according to one recent study, even with all the infrastructure spending Beijing is throwing at the problem. Wen himself said Thursday that if the economy doesn't grow 8% this year (and only the most optimistic economists believe it will), the country risks politically destabilizing social unrest...
...liberalization of China's business may recede to some extent because the recession will cause the level of government support for the economy to grow to keep GDP from contracting. The nation's prime minister says GDP will grow 8% this year, which seems nearly impossible. But if the government does have to offer financial support to the banks and industry, it will certainly come with some strings attached and may even cause the central government to take larger shares in businesses that it had planed to privatize...
...He’s a left-handed stick who can hit the ball where the grass doesn’t grow,” Walsh says...
...It’s a deep structural change, and it only began, [fundamentally], around 1980. That’s a radical change in 25 to 30 years. It took 300 years for the business sector to grow at this rate, since the 1700’s. It’s taken the citizen sector 30 years. That’s not a fashion, that’s an entrepreneurial change...