China Export Article - Source VOA news - September 5,2011

The head of the World Bank is urging China to do more to develop its domestic market and put less reliance on investment and exports. Ending a visit to Beijing Monday, Robert Zoellick said it is “hard to see” how export-led growth will help China over the next 10 years. Bolstering the domestic demand requires reforms like having markets rather than the government setting resource prices and spending more on education and social services. Developed nations have been important markets for China’s surging exports, but faltering economic growth is likely to hurt sales in those nations. Zoellick also said inflation is China’s most important economic problem in the short-term.