Posted inChina, World

Consumption boom will make China the largest importer by 2020

China will surpass the United States and become the largest importer in the world by 2020, said Liang Hong, the chief economist at China International Capital, one of the nation’s leading investment banking firms, Caixin reported. Liang thinks the domestic consumption boom will boost China’s intake of more products. “China will not depend on iron […]

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