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China needs to reorient its economic strategy away from a traditional reliance on net export-led growth to a domestic demand-led growth strategy.
WHITEHOUSE: Via Telephone
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By the late 1970s conversion to a market economy began, including development of export sectors besides the traditional tea and other commodities.
FORBES: Magazine Article
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The export slowdown has been due to weak demand from traditional markets such as the U.S. and Europe, which have been mired by economic uncertainty.
WSJ: India's Trade Deficit Narrows