The move was a tacit recognition that the Chinese economy can move from being an export-driven economy to one powered by domestic demand.
As China moves from an export-driven, investment-led economy toward domestic consumption growth, the nation depends on the rising buying power of its workforce.
Brad Setser believes that unless China rapidly revalues its currency, it will face increased pressures on its domestic economy - with over-investment (now approaching 50% of GDP) eventually collapsing, putting pressure on the banking system.
China has the challenges of moving from an export-led to a domestic demand-led economy.
The first rapid liberalisation towards something close to a free-market domestic economy has always seemed implausible.
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That in itself will hold a recovery back, unless Ireland's exporters can overcome the downward pull from a beaten-up domestic economy.
The fact is, even in this depressed world situation, economies that are export oriented, high-tech and can expand domestic services - including mixed-economy health services - are growing.
Analysts also say it is highly diversified, with a domestic-demand economy and a strong exporting base.
In addition to focusing on education and clean energy, China is also seeking to shift from export-led growth to more domestic consumption supported by a growing service-sector economy.
But arithmetically, it's nowhere near enough to re-balance the economy, especially when domestic investment is still weak, and the income we earn from our investments abroad has fallen off a cliff.
But they have failed to do enough to accelerate the shift from an export-led economy to one that relies on domestic consumption.
Companies, meanwhile, have been focused on paying down debt, as well as coping with deflation in the domestic economy and competition from cut-price imports.
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It says the large fiscal deficit being run by the United States, while beneficial now in stimulating the U.S. economy, raises long-term domestic and global problems.
By focusing so clearly on national security, the Republicans left it to Tuesday's speakers and the president the task of talking about domestic issues -- especially the economy and the second-term agenda.
Even as France has played key roles in international hot-spots in places like Libya and Syria, not to mention during the pan-European debt crisis, the domestic economy has been a prime focus of the election.
China is in a cyclical slowdown phase currently because it is digesting the investment it has made so far, but for the long term we are bullish as it begins to rebalance away from an export-oriented economy to one much more focused on domestic consumption.
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Just a year ago, India was an investor darling, accustomed to near double-digit gross domestic product growth and talk of rivalry with China to be the fastest-growing big economy in the world.
It also says it will steer the economy away from export-led growth towards domestic demand.
Karl Marx used Crusoe's one-person domestic production as an allegory for economy in its simplest form.
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The second largest Euro-zone economy is seriously ailing and the blame lies with domestic politics.
We are positive on President Chain Store, Far Eastern Department Store and the steel and cement sectors - anything that is a play on the domestic economy.
Sometimes it might make more sense , even given our inept political parties, to look at opportunities closer to home, where constitutional protections, a large domestic market and a diversified economy may provide better long-run prospects.
In testimony before the Senate budget committee last week, he stated that the Chinese government's massive exchange-rate interventions were causing growing imbalances in the domestic economy that will force China to abandon its currency peg.
Any economic reform program in North Korea risks creating new socio-economic cleavages -- grassroots entrepreneurialism and linkages to the global economy could foster powerful domestic actors who may develop interests that differ to those of the ruling regime.
Their annual budget deficit should be below 3% of their gross domestic product (GDP - the total output of their economy).
The continued inability of the Japanese government and the BOJ to effectively address the deflationary pressures in the domestic economy will lead to the failure of several large banks--and ultimately the whole Japanese banking system.
Unfortunately, once you sort through how much more China can actually spend in the near term, and take into account that--at market exchange rates--China's economy is only around 6% of world gross domestic product, the effect on global growth will be small.
Non-oil imports are still low due to a generally weak domestic economy.
Our gross domestic product -- the sum total of all that our economy produces -- fell at the fastest rate in a quarter century.
Depreciation may help the domestic economy, but it inflicts a loss on foreign holders of local-currency government bonds.
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