The world isn't big enough for China to rise up the value-added chain without generating domestic consumer spending.
WSJ: Diana Choyleva: China Is Too Large for Its Own Good
But many of China's workers don't have the higher skills necessary for the economy to move up the value-added chain.
China's huge size means that to maintain stellar growth rates, the economy needs to move up the value-added chain fast and grab more export market share.
应用推荐
模块上移
模块下移
不移动