Ever since the financial crisis of 2007-08 and the ensuing recession shifted global growth into a much slower gear, the world’s business and economic policy establishment has identified at least one likely silver lining: … 494 more words
Tags » Rebalancing
Last Friday, China’s GDP data for the first quarter of 2016 was released and it gave financial markets a sign of relief that the world’s second largest economy continues to hum along at a steady pace (at 6.7% y/y) with the tertiary sector continuing to drive growth. 835 more words
Official Chinese state media often points to the growing service sector has a sign of China rebalancing away from an unsustainable investment-driven model of growth to a service-based economy that is more modern, environmentally-friend and represents the future of Chinese growth. 1,367 more words
What’s the difference between a wheel alignment and a wheel balancing?
While many consumers confuse the two, a wheel alignment and a tire rebalancing are two separate services. 729 more words
One of the biggest hopes for vigorous, sustainable recoveries in the American and global economies is the widespread conviction that China will show real progress in shifting its growth strategy from one based on maximizing exports to one focused on expanding consumption at home. 471 more words