China Lithium Market Dynamics & Lithium Procurement Study

China Lithium Market Dynamics and Lithium Procurement Study

Battery Recycling Technology Understanding

Solid State Battery Market

   China Scrap Steel Quality Analysis 

China Scrap Steel Cost Curve

Home

Metal News

Chinese Economy's Biggest Challenge Is Economic Restructuring: Expert 

SMM LME Metals Seminar 2025

Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025

2025 15th APAC TIN INDUSTRY CONFERENCE

3rd Li-ion Battery Europe 2025

2025 NET ZERO EUROPE - Solar & Energy Storage Summit

2025 SMM Europe & Africa Lithium Resources Field Trip

China's National Power Grid Will Buoy Copper, Aluminum Use, Macquarie Says

BEIJING, Dec.&nbsp;7 -- A well-known economist said Monday that the biggest problem in China is not inflation, but shifting its economic structure to maintain sustainable growth.
&quot;The biggest challenge faced by China is economic restructuring in order to shift the economy to a more balanced way that will provide sustainable economic growth,&quot; Stephen Roach, former chairman of Morgan Stanley Asia, told Xinhua.
&quot;In the post-crisis environment, the shift means to build a consumer-led economy, and that is the overriding challenge in China,&quot; said Roach, who currently serves as non-executive chairman of Morgan Stanley Asia.
Residents' incomes in China remain at a low level. &quot;People's incomes are only 42 percent of the GDP, whereas in the US the rate is 86 percent. So the government should raise the income of the citizens, especially when China wants to stimulate domestic private consumption,&quot; said Roach.
&quot;Of course, that does not mean the Chinese government should ignore the risk of higher inflation,&quot; he said.
Official data showed that China's October Consumer Price Index (CPI), a major gauge of inflation, rose to a 25-month high at 4.4 percent.
&quot;There is a certain amount of momentum to inflation, so it's likely to be the a problem over the next 12 months. If the government acts quickly, it will be able to limit the problem, or else China could be facing this problem in 2012 as well,&quot; said Roach.
Roach suggested China should take broad and comprehensive approaches in dealing with inflation, and the medium-term goal of the shifted economic structure need to be maintained.
&quot;The government has to demonstrate its resolve in dealing with inflation, and property market assets. It's a challenge, but I think the government is up to the challenge,&quot; according to Roach. 
&nbsp;

Chile Collahuasi Workers Agree to End Bitter Strike

chinese-economys-biggest-challenge-is-economic-restructuring:-expert-

Chinese Economy's Biggest Challenge Is Economic Restructuring: Expert  | SMM

Chinese Economy's Biggest Challenge Is Economic Restructuring: Expert

SMM Events & Webinars

SMM LME Metals Seminar 2025

Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025