United Kingdom the guardian: "the Chinese economy must rise again."

United Kingdom the guardian website August 2, entitled "China is too big, too big bankruptcy law article, the following is the main content:

There is no doubt that China's remarkable economic growth.

However, this success may have walked to the end. China will have to rise again, to narrow the gap between rich and poor, reduce environmental degradation while balancing economic growth. The world must do its part to help China's success.

And Japan, Korea and other countries before, China over the past 30 years in the country-and market-oriented effort to make its economy towards globalization. As its miracle East Asian neighbours, China has been built on top of the West exit. The result is unprecedented, economy-on-year growth rate of approximately 10%.

However, in the long term, the Chinese model is not sustainable. Many people believe that China must make its demand diversified, turns to the domestic market.

Economists Yilmaz · Akyuz estimated that China has nearly 60% of the goods for export, only 15% for domestic consumption. Since the 1990s, China's GDP, private consumption and the proportion of wages has been declining. In fact, before the crisis, export about China's economic growth by 50%.

Akyuz believes that China must pass through the production of high added value products to increase the proportion of wages. Through technology upgrading, through the use of high-tech equipment, and by improving the workers ' wages, and other community infrastructure projects, China will boost domestic demand.

China already has a record of achievement of these goals, but it would also like to spend more effort. China has built the most successful since since the industrial revolution of the export mechanism, and the Chinese GDP 12.5% package of economic stimulus plan is steering the new orientation of the very good start.

Some encouraging signs. In the past few months, China's manufacturing centre has increased the minimum wage standards, some of which were as high as 48%. Also, recently, China launched a green car subsidy scheme, car companies producing cleaner cars can get subsidies, the plan is not only beneficial to expand domestic demand and help China in value chain upgrading, you will reduce the problems of environmental degradation in China.

China in the development of economic success, as well as from State-owned enterprises and a high level of reserves in the funds are used to implement the changes that are made to China was once again a good chance of success.

United States and other countries have complained that China did not let its currency appreciation, opening its capital market is also fast enough; foreign investors also warned that the increase in wages in China may result in a withdrawal of investment; foreign companies also decried China's "independent innovation" plan, the plan will help China to end export from low-wage production towards high value-added domestic consumption and conducive to the balanced growth of consumption. Finally, the developed countries insisted that China is more expensive, but pay for green technology does not provide financing mechanisms.

Western society cannot fish and oxymoron — cannot ask the Chinese to expand domestic demand and through domestic demand (while not increasing carbon dioxide emissions) rebalancing its economy, at the same time also deliberately evade China for monetary policy in a progressive way, strike and wage growth, stable financial policy and green industry innovation. Should give China the chance of success. A 13 million population of the country, is currently affecting the global economy and development direction of one of the few, it's too big, too big to bankruptcy.