At the heart of the five-year plan is a focus on boosting domestic consumption and restructuring its economy toward more sustained growth.

FORBES: Will the Chinese Government Be Able to Manage the Future?

Mr Bernanke appears to think mortgage-equity withdrawal less important in boosting spending than Mr Greenspan did, and to believe that solid wage and job growth are now supporting consumption.

ECONOMIST: What will guide the new boss of America's Federal Reserve?