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It is clear that domestic austerity measures and the eurozone crisis are putting serious pressures on both businesses and consumers, while the rebalancing of the economy towards net exports is proving difficult.
Local governments are unlikely to acquiesce to reforms that undermine their power, while the rebalancing of the economy in favour of consumption brings the central government into conflict with vested interests – the political and economic elite – who have benefited from the investment-based growth model.
The analysis shows that the rerouting approach causes a significant performance degradation while the rebalancing approach can bring the performance within 1% of the fault unaware performance.
Similar(56)
A stronger yuan would accelerate the rebalancing of China's economy while reducing the pressure on other emerging markets.
You end up talking about the rebalancing of the global labour market, while pretending that is about people.
Automatic rebalancing takes the emotion out of investing by removing feelings from the rebalancing task.
"The rebalancing has got to include culture," he says.
Offa has welcomed the "rebalancing" of institutions' budgets.
The "rebalancing" of our economy is just not happening.
And now comes the "rebalancing".
And the rebalancing is far from over.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com