Shifting China'S Focus From Exports To Consumption Is The Best Way To Maintain Economic Growth.

BNY Mellon Asset Management (New York Mellon bank asset management), a fixed income professional company Standish Mellon Asset Management Co. LLC, believes in a white paper that China's best plan to maintain high economic growth is from

This report shows

Other China listed in the report

However, the report clearly shows that China's population is aging and the situation of labor surplus is gradually disappearing.

In addition, the report also points out that wage increases will affect China's export competitiveness relative to its Southeast Asian neighbors.

Thomas D. Higgins, global macroeconomic strategist and author of the report, said that other factors that might slow down China's export oriented economic growth include immature financial markets, capital allocation not only by the government but also by the market, and the rapid increase in environmental costs.

Standish honorary chairman,

The report points out that the expansion of social safety nets can enhance the importance of consumer spending.

The Standish report shows that the pition to a new generation of national leaders is expected to begin in 2012, which will set the tone for future policies.