Abstract
The combination of three types of demand (consumption, investment and external demand) is important factor of economic growth in China. Expansion of external demand contributed not only to the inflow of foreign investment and technology, but also to the expansion of domestic consumer and investment demand. However, policies to stimulate domestic demand in 2009–2010 to compensate for losses caused by the decline in exports are still based on a significant expansion in investment, and the contribution from consumer demand remained low. The consequence of this policy was the overheating of Chinese economy and the rise of commodity indexes and commodity prices.
Keywords
growth factors of the economy, three types of demand, investment, exports and imports
Comments
No posts found