Exact(3)
PERHAPS THE MOST IMPORTANT CHALLENGE for the Chinese economy is how quickly it can rebalance from credit to consumption-driven growth.
"As you build a roster you have to be mindful of the fact that you need some balance, and, if nothing else, the ability to rebalance from day to day, pitcher to pitcher".
In 2011 ministers hoped that the economy would rebalance from financial services to honest manufacturing: George Osborne, the chancellor of the exchequer, spoke of "a Britain carried aloft by the march of the makers".
Similar(57)
SIGNIFICANT INCOME INEQUALITY may be hampering China's rebalancing from investment-led to consumption-driven growth.
The rest of the world should welcome this rebalancing from a producer model to a consumer society.
There is even some evidence that activity has rebalanced from the lopsided trade pattern that existed just before the crisis.
That would mean, inter alia, a rebalancing from the simple-minded bias in favour of STEM subjects.
Expect increased emphasis on the quality of growth, urbanization and rural reform as well as some painful progress in rebalancing from overinvestment to consumption-driven growth.
Analysts at the French bank BNP Paribas said: "Any hope of market rebalancing from the current surplus in supply [lies] on the predicted decline in US oil production.
It is a rebalancing from an old system where it was 'hey, we make great programmes and the rest will just follow'.
Osborne argues that the responsibility for ensuring decent living standards should be rebalanced from the state handing out subsidies towards employers providing decent wages.
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