This article is opinion (poorly) disguised as facts. For example:
Chinese technocrats, goaded by a multitude of analysts and foreign leaders, have known for years that they would have to diversify the economy—steer it away from investment and exports and toward consumption. Yet Wen, in office since 2003, has not made much of an effort to do so. His stimulus plan targets the creation of infrastructure and aims almost entirely to boost industrial capacity even further, which would only aggravate the unbalance of the Chinese economy.
Contrast that with actual facts:
China's domestic demand, as the government had long wished, has started to become more of a driving force for the country's economic growth than in the past.
Signs of a domestic consumption boost are apparent as people are spending more on domestic commodities, export falls, and the government plans for more consumption stimulus.
Data from the National Bureau of Statistics (NBS) last Wednesday showed that China's domestic consumption had maintained an upward trend since the beginning of the year. For example, China's retail sales rose 14.8 percent in April year on year. It was 0.1 percentage points higher than in March.
Chinese Premier Wen Jiabao stressed the importance of promoting domestic consumption and independent research and development during a three-day inspection tour of the central Hunan Province, which ended Sunday.
I find it pretty funny that you 'countered' Chang's opinion with the official state-run propaganda rags of Beijing. Those sources will never admit anything negative about China.
Chinese technocrats, goaded by a multitude of analysts and foreign leaders, have known for years that they would have to diversify the economy—steer it away from investment and exports and toward consumption. Yet Wen, in office since 2003, has not made much of an effort to do so. His stimulus plan targets the creation of infrastructure and aims almost entirely to boost industrial capacity even further, which would only aggravate the unbalance of the Chinese economy.
Contrast that with actual facts:
China's domestic demand, as the government had long wished, has started to become more of a driving force for the country's economic growth than in the past.
Signs of a domestic consumption boost are apparent as people are spending more on domestic commodities, export falls, and the government plans for more consumption stimulus.
Data from the National Bureau of Statistics (NBS) last Wednesday showed that China's domestic consumption had maintained an upward trend since the beginning of the year. For example, China's retail sales rose 14.8 percent in April year on year. It was 0.1 percentage points higher than in March.
http://news.xinhuanet.com/english/2009-05/21/content_1141192...
Or maybe this:
Chinese Premier Wen Jiabao stressed the importance of promoting domestic consumption and independent research and development during a three-day inspection tour of the central Hunan Province, which ended Sunday.
http://english.china.com/zh_cn/business/economy/11021617/201...
A real analyst would write an article about why this policy is taking time to work properly, kinda like this one: http://seekingalpha.com/article/157568-ramping-up-china-s-do...