Chinese officials say they plan to boost domestic consumption as a share of GDP, and Woo is a believer.
Which means that the Forbes plan is really a consumption tax.
So the Unger Report releases its eight-point plan for cutting back on oil consumption this summer.
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?
Dr Louise Magris, the director of environmental policy, said the plan sets out 30 actions for reducing energy consumption.
The government announced the plan to install smart meters to monitor electricity and gas consumption in 26 million homes earlier this year.
In 2006, the first year of the plan, the country's reduction in energy intensity, which measures energy consumption per unit of economic output, was a mere 1.23%.
Although this plan does less than Mr McCain's to shift taxation from income towards consumption, the reduction of marginal tax rates could have a bigger effect on economic growth.
It's a goal the government supports, according to its twelfth five-year plan (2011-2015), which calls for an increase in domestic consumption and growth of the service sector by four percentage points.
On the agenda is a new five-year economic plan meant to help China wean itself off investment and exports and rely more on consumption to drive growth.
So why is it that average consumers are now required to choose a data plan, deciding exactly how much data they will use per month, when understanding data consumption is near impossible for most people?
FORBES: The Mobile Data Economy: How Much Data Do You Need To Buy?
The drafting of the Twelfth Five Year Plan (2011-2015) is currently underway, with a presumed emphasis on increasing domestic consumption (which has dropped in recent years) and urbanization of its populace (which will serve to drive domestic consumption).
应用推荐