China’s leaders aim to shift the economy from a reliance on investment and exports for growth to one where consumption and markets play a bigger role. As a result, the government began promoting new policies , including a stimulating domestic demand, lowering the price of oil, enacting energy-pricing reforms, improving welfare coverage and privatizing firms.
The upside potential could reduce the negative impacts of poor debt repayment and increase the labor market as economic growth moderates. As the population ages and less workers enter the labor force, China can satisfy its labor demand with reduced levels of growth. It is truly the sign of a maturing economy.
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