Chinese Economy’s Biggest Challenge Is Economic Restructuring

A well-known economist said Monday that the biggest problem in China is not inflation, but shifting its economic structure to maintain sustainable growth.  Please read the article at xinhuanet.com here:

“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,” Stephen Roach, former chairman of Morgan Stanley Asia, told Xinhua.

“In the post-crisis environment, the shift means to build a consumer-led economy, and that is the overriding challenge in China,” said Roach, who currently serves as non-executive chairman of Morgan Stanley Asia.