"We need the Chinese to - you know, spend more, save less - consume more and not be so focused on exports. There are big changes we need in the world"
- David Cameron
About this Quote
This quote by David Cameron is describing the need for China to move its economic focus from exports to usage. He is suggesting that the Chinese ought to spend more, conserve less, and consume more in order to help stabilize the worldwide economy. This shift in focus would help to decrease the reliance on exports and develop a more balanced global economy. This would likewise help to minimize the trade deficit between China and other countries, as well as reduce the danger of economic instability. By increasing usage, the Chinese would have the ability to stimulate their own economy, in addition to the international economy. This shift in focus would likewise help to produce more jobs and increase salaries, which would assist to decrease hardship and inequality. Eventually, this shift in focus would assist to produce a more stable and prosperous international economy.
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