New Delhi, July 1 (IANS) Nearly two decades after former premier Wen Jiabao lamented that the Chinese economy was excessively dependent on export-led growth, the problem has become even worse, according to a new report.China’s efforts to rebalance its economy have been an absolute failure, states the article by economist Stephen S. Roach in Malaysia’s The Star news website. “The lack of meaningful consumer-led rebalancing implies increased reliance on these time-worn sources of economic ac…
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