On December 9, 2012, China Review News published an article discussing the transformation of China’s economy over the next decade. Over the next ten years, China will gradually lose the advantage it has of a high rate of return on capital because of low-cost. According to the article, China’s huge consumption potential can gain new impetus for China’s economy. However, the transformation of the direction of China’s economy should focus more on key technology development, technology upgrades, and product upgrades.
Source: China Review News, December 9, 2012