BEIJING — China’s economy, temporarily stalled last fall by the global recession, is back on the upswing — but with an uncertain future.
Once the government withdraws or eases up on heavy stimulus spending in coming months and years, the economy will need to take a solid turn toward innovation and domestic consumption for long-term health and survival, government leaders and economists said. As Chinese workers grow wealthier, their expectations increase and exports decline, the country can no longer depend so heavily on manufacturing and foreign direct investment.
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