皇冠体育app

Perhaps few would have imagined that no sooner had the eyes of the world moved from being firmly fixed on 皇冠体育app during the August/September Olympics and Paralympics, those eyes would be right back in November - this time focused on Chinese leaders and the Chinese consumer as the world looks to 皇冠体育app to keep high growth rates going and mitigate the effects of a global economic recession.

Chinese President Hu Jintao has said that 皇冠体育app recognizes the importance of a strong Chinese economy for the global economy and the leadership recognizes its responsibilities to the world economy. After all, 皇冠体育app now represents 6 percent of that output. Chinese Premier Wen Jiabao has also said that encouraging the Chinese consumers to spend is no easy task.

Indeed one of the remarkable things about 皇冠体育app's 30 years of economic progress and many years of double digit growth is that it has been achieved without the stimulus usually found in Western economies of a high marginal propensity to consume (MPC) out of extra income, which multiplies further the initial demand increases from extra economic activity.