People In The Know

Yes it's facing downward pressure both at home and globally. So the five-year blueprint highlights a shift from investment-driven to consumption-led growth, slowing down a bit, but more sustainable and healthier.But what exactly should China do to adjust the traditional relationship of exports, investment and domestic consumption, to make consumption the real pillar of the economy and investment, consumption-driven. My colleague Zeng Liang talks to Dr. Zhao Ping, Research Fellow of Academy of China Council for the Promotion of International Trade. As Dr. Zhao explains, changes have actually started, but there's a lot more to do.So invest more to uplift supplies and boost domestic consumption. But what can China learn from the rest of the world and what does that transformation mean globally? Zeng Liang next talks to Rodger Tooze, former professor of London School of Economics, and now a consultant.