In 2010, Chinese Premier Wen Jiabao looked to the financial crisis with some satisfaction. Aggressive use of fiscal and monetary policy, China has successfully weathered the crisis, the growth of 8.7 percent per year in 2010. Most of the unemployed back to work, often demonstrating for higher wages and better working conditions. Wen, however, was really focused on his new strategy - the transition from export-led growth to facilitate domestic and international pressure. But many institutional problems seemed to impede domestic demand, Wen was particularly concerned about the pressure from America to China for trade policy, exchange rates, energy and investment. "Hide
by Diego Comin, Richard HK Vietor Source: Harvard Business School 28 pages. Publication Date: July 26, 2010. Prod. #: 711010-PDF-ENG
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