China’s Pledges to Boost Imports May Face Headwinds
update
- By Bill Ide
China says it will use its army of consumers to boost imports dramatically over the next decade or so, pledging to import $45 trillion in goods and services over the next 15 years. But that may not be easy, analysts say, especially with growing household debt, a slowing economy and weakening currency, not to mention trade frictions with the United States. VOA’s Bill Ide has more from Shanghai.