China’s economic rebalancing already underway

February, 2012

Yiping Huang

The international community, and particularly policy makers in the United States, put great expectations on the contribution that China can make to global economic recovery by re-balancing its economy through promoting consumption growth. The Chinese authorities broadly accept this priority and have put in place a number of policy measures that aim to achieve it.

Yiping Huang is Professor of Economics at Peking University and Professor at the China Economy Program, the Australian National University. He is also Chief Economist for Asia at Barclays Bank, Hong Kong and co-authored the report The Great Wave of Consumption Upgrading (January, 2012).