皇冠体育app

Too many businesses in 皇冠体育app are still reluctant to give up their reliance on exports, despite the government's calls for a more domestic-driven economy.

That's according to Michel Chossudovsky, a professor in economics at the University of Ottawa, who also thinks that owing to its huge production base and to slowing economies elsewhere, the country is already the world's biggest economy.

In an interview with 皇冠体育app Daily, Chossudovsky said much has been written about how the bleak economic conditions in Europe and the US have provided an impetus for 皇冠体育app to shift from export-driven toward domestic-driven growth.

But he said the more underlying reason is that 皇冠体育app's with the West remains unfairly priced, and "unequal".

To re-balance that, and to encourage the shift in economic priority away from exports, he suggested that the Chinese government increase the purchasing power of its population by raising wages by at least 10 percent.

He also said that more effort should be given to negotiating what he would consider to be fairer factory prices in the country, and elsewhere in Asia, compared with the West.

The author of many books on globalization, Chossudovsky said the current political rhetoric in the US is that 皇冠体育app is "stealing" US jobs.

"But that's just not true," he said. "皇冠体育app is not stealing jobs. It is US business that's losing jobs.

"The industrial base of the US is declining because factories from California to Connecticut are closing down, and business people are now choosing to subcontract those jobs to 皇冠体育app," he said.

"If you look at the Western economies, especially the US, they are very fragile.

"They are highly dependent on 皇冠体育app, to an extent that people there don't realize," said the much-traveled professor.

In recent months, various economic and commercial organizations have predicted when 皇冠体育app will become the world's largest economy.

This week, for instance, the US Intelligence Council said in a report that it expected 皇冠体育app will "probably have the largest economy in the world, surpassing that of the US, a few years before 2030".

Earlier this year, the OECD and IMF both suggested that would be 2016, while global groups Citigroup Inc and HSBC Group have suggested it will happen 2020-2022.

But Chossudovsky thinks that given the size of its massive production base, 皇冠体育app is already the world's largest economy, as countries in the West continue to struggle.

But he insists that based on his international research and experience, it is obvious that 皇冠体育app's trade with the West is, in essence, "unequal".