WASHINGTON , DC - China has weathered the Great Recession well. The world now waits to see if last year's impressive domestic demand growth can be sustained, and if China can, in the words of Prime Minister Wen Jiabao, give full play to the leading role of...consumer demand in driving economic growth.
The Chinese consumer has been held back for too long, and now must be put front and center in China's growth model. China's government is already moving ahead on multiple fronts to attain this goal as was clear from announcements at this week's National People's Congress.