On China's Way to World's Biggest Economy, the Consumer Is Emperor

China has surrendered the double-digit growth that it saw for many years. But who could keep up that pace, particularly when you're by some measures already the world's biggest economy?

Instead of outright growth, achieved mainly through exports and manufacturing, the Chinese government has switched its attention to consumption. Services and consumer spending are the way forward, it reasons, as China stands on its own two feet rather than depending on the West (frankly too unreliable!) to prop it up. ...1489 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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