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China Government Economist: Should Rely On Domestic Demand XinhuaBEIJING -(Dow Jones)- China should rely on domestic demand instead of the global economy to drive its economic growth, the official Xinhua News Agency quoted Yao Jingyuan, chief economist of the National Bureau of Statistics, as saying over the weekend. The global economy is recovering but still needs more time, Xinhua quoted Yao as saying on a visit to the export-dependent southern province of Guangzhou. Although the decline in global demand for Chinese goods has been decelerating over the last three quarters, external demand remains weak, he said according to Xinhua. -By Aaron Back, Dow Jones Newswires; (8610) 6588-5848; aaron.back@dowjones.com (END) Dow Jones Newswires 11-08-090411ET Copyright (c) 2009 Dow Jones & Company, Inc. |
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