US: Chinese economy should wean from cheap labor model
Washington (AFP) Dec 03, 2014 - The United States on Wednesday said China needs to move away from its cheap labor and export-focused economy to maintain growth in the years ahead. US Treasury Under Secretary for International Affairs Nathan Sheets also said Europe and Japan need to take action to boost domestic demand and further a global "rebalancing" that would help growth in countries which run chronic trade deficits. ... more

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