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- PBoC Governor Yi: China's economy is basically driven by domestic demand
PBoC Governor Yi: China's economy is basically driven by domestic demand
- Shrinking labour market supply is one factor in slower growth
- Increasing environmental standards also hurting growth
- China labour supply peaked in 2010-2011
- China growth rate is right around 6%
- Growth rate will moderate as economy grows
- Current account surplus to stay below 1% of GDP
- Consumption is now 2/3 of growth
- China still has plenty of savings
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