15.08.2013 - What China's 'rebalancing act' means for the world
China’s days as the world’s Happy Meal economy are over. They’re not interested in making your shoes. They’re interested in making the lithium batteries that power your Prius. It’s not that China doesn’t want to make widgets. They still do, and they still will. Where else on Earth can you find half a billion people looking for work? But the old export driven China is moving inward towards a more consumer oriented society. Every China investor knows this. As China rebalances its economy, there will be growing pains. Not only will there be growing pains for the Chinese economy, but also for commodities exporters like Brazil and South Africa...............................................Full Article: Source
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