Certainly, areas of the old industrial - based economy are in recession, but counterbalancing support is coming
from domestic consumption.
Not exact matches
Over the past decade,
domestic consumption's share of the economy has plunged
from around half to a miniscule 35 %, the lowest of any significant economy ever, according to Michael Pettis, a finance professor at Peking University whose online writings have become must - reads for those eager to divine what's really going on in China.
Across the world, many countries are trying to rebalance their economies toward more stable sources of growth — be it China, trying to rebalance away
from investment toward
consumption, or Germany trying to boost
domestic sources of demand.
A transfer of
domestic demand
from investment to
consumption implies, in other words, that employment growth can be maintained at much lower levels of GDP growth.
The investment outlook may also depend on how much progress China can make in its efforts to enact fiscal reforms as it works through its historic shift
from export - led growth to an economy led by
domestic consumption.
The only certain and politically feasible source of debt - free demand is
domestic household
consumption, but Chinese households suffer
from the same problem Marriner Eccles identified in the US in the 1930s: those who want to spend do not have the resources, and those who have the resources do not want to spend — or in this case are not able to spend productively.
«
Domestic consumption is still growing,» he adds, «and if investment
from the US slows, the slack may be taken up by European and maybe later Chinese companies investing in Mexico.»
NAFTA creates incentives for Mexican producers to expand manufacturing and export goods to the United States, but the success of Mexican exports creates the need for investment or raises
domestic income and
consumption, so ultimately this success automatically increases Mexican imports of goods
from the rest of the world.
Its future growth will come
from a spike in
domestic consumption and
from leveraging such national assets as the labor pool.
Growth continued to be driven by
domestic demand, with strong growth in
consumption and public demand, moderate growth in business investment, but subtractions
from dwelling investment and inventories.
Curbing its growth could even help the economy's transition
from an export - led model to one based on
domestic consumption.
The pace of
domestic demand growth has eased
from the rapid rate seen in 2002, as dwelling investment has levelled off and
consumption growth has moderated to a more sustainable pace (Graph 20).
In contrast to IMF loans to support the kleptocrats» banks and new Cold War asset grabs
from the Eastern border provinces with Russia, Ukraine's sale of bonds to Russia's sovereign debt fund and its contracts signed for gas purchases were negotiated by a democratically elected government, at prices that subsidized
domestic industry and also household
consumption.
Indonesia's economy has been typically boosted by strong all - round investment and
domestic consumption, large contributors to diversification, which have in turn insulated the country
from slipping into the doldrums of the global financial system.
Unlike
domestic consumption which is relatively stable, exports can fluctuate widely
from month to month.
INDUSTRY STATEMENT 2 October 2014 Industry responds to iron deficiency claims in energy drink consumers The Australian Beverages Council, representing 99 % of the
domestic energy drink market, has today rejected any Australian context for claims
from a British study suggesting increased
consumption of high - caffeine energy drinks may be linked to iron deficiency among teenage girls.
Under the rebalancing exercise, the Chinese economy moves
from investment stimulus to
domestic consumption.
The Australian Beverages Council, representing 99 % of the
domestic energy drink market, has today rejected any Australian context for claims
from a British study suggesting increased
consumption of high - caffeine energy drinks may be linked to iron deficiency among teenage girls.
The new plant is being built to meet the demand for small goods
from export markets in south - east Asia, and rising
domestic processed meat and sausage
consumption in nearby population growth areas in eastern Australia.
Continuing the trend of
domestic consumption outpacing production, the USDA's Beijing bureau forecasts a 3 million tonne increase in soybean imports in China, up
from a record 97 million tonnes this current season.
We focus on ruminant livestock since it has the highest emissions intensity across food sectors... While shifting
consumption patterns in wealthy countries
from imported to
domestic livestock products reduces GHG emissions associated with international trade and transport activity, we find that these transport emissions reductions are swamped by changes in global emissions due to differences in GHG emissions intensities of production.
• An 18 - year - old Orland Park male
from the 15400 block of Tulip Court was charged with violating local ordinances against underage alcohol
consumption and possession of drug equipment during a Sept. 28
domestic - trouble call.
This may provide opportunities for South Korea and Japan, both of which are suffering
from the
domestic «under -
consumption» problem which is inherent in the investment - led East Asian development model.
As Manuela Carneiro, a researcher who took part in the study published in «Ecotoxicology and Environmental Safety», informs SINC: «This is due to the type of diet these animals have — strictly carrion
from domestic and wild hunting species — because the
consumption of hunting species increases the likelihood of ingesting lead.»
«The increase in
domestic coal
consumption is driven by huge demand
from existing and upcoming coal - fired power plants,» the report said.
In the UK, 75 per cent of freshwater
consumption for the petroleum sector is
from international sources, with 43 per cent of gas and 87 per cent of electric freshwater
consumption coming
from domestic sources.
It is estimated that about 66 % of the Gross
Domestic Product (GDP) of the country is derived
from retail
consumption.
The shale gas in recent exploration in the United States, that could meet the
domestic demand of the country for natural gas at current levels of
consumption for over 100 years, is extremely negative for the environment because it generates half the carbon emissions
from coal, and pollutes the sheets underground aquifers.
Domestic coal
consumption during the fourth quarter of 2011 decreased by 18.8 %
from the third quarter of 2011 to 227.1 million short tons, which was the lowest level since the second quarter of 1995.
From Dept of Energy, Innovation and Science (2017)(energy - update - report - 2017): Australia's
domestic consumption of coal and gas has risen only slightly over the last 40 years.
«A big part of the reduction in greenhouse gas emissions that we've been able to manage in the United States is due to the fact... we've got trillions of cubic feet of natural gas that we are going to be able to produce safely, and our
domestic supply has gone
from one of scarcity to one that has enabled us to use more natural gas in baseload power
consumption.»
The latter part is more original stuff, as I (i) make the case for how China's clean energy push is in fact consistent with its overall economic reform, e.g. Scientific Development, reduction of excess industrial capacity, natural resource price reform, western development, boosting
domestic consumption, and Going Out strategy; (ii) describe China's activities in innovation and R&D and its desire to create, not just produce, energy technologies of the 21st century; (iii) address criticisms that China's «indigenous innovation» policies are protectionist in nature by pointing out the myopia of such observations
from a US (or EU for that matter) policymakers point of view; (iv) provide thoughts about what the proper U.S. policy response should be.
Through July 2015, over 80 percent of
domestic energy
consumption came
from natural gas, oil, and coal.
Domestic solar power has helped to decrease the average demand for power
from the electricity grid, but peak power
consumption, so far as I know, has not declined, and the generation and transmission system has to be able to cover peak demand.
From Dept of Energy, Innovation and Science (2017)(https://www.environment.gov.au/system/files/resources/f02a388d-74eb-4200-96fb-fe2a9d0caf5b/files/energy-update-report-2017.pdf): Australia's
domestic consumption of coal and gas has risen only slightly over the last 40 years.
The industry's plan B, to export production to assumed perennial growth markets in Asia, has also floundered amid a global market awash with supply
from other countries and weak demand; Chinese coal
consumption fell nearly 3 % in 2014 while India, the world's third largest buyer, says it may stop imports of thermal coal in the next three years With
domestic markets collapsing and no lifeline
from abroad, 264 [1] US mines were closed between 2011 and 2013.
The Trump decision to permit year - round 15 - per - cent blends may be a shell game of another kind, since it's expected to be coupled with a transfer of ethanol subsidies
from U.S.
domestic consumption to exports, a move that could decimate ethanol use in the U.S..
But in the long run, coal
consumption will continue declining — with current policies and the structural transformation of the economy
from being a heavy industry - led, export - driven model to one sustained by services and
domestic consumption — despite the annual and seasonal fluctuations.
They found that the carbon dioxide emissions per unit of China's Gross
Domestic Product decreased by 27 percent
from 2004 to 2015 and that coal
consumption in the country decreased by 6.5 percent between 2013 and 2015.
China's goal by 2020 is to octuple
domestic natural gas
consumption from 39 billion cubic meters in 2004 to 200 billion cubic meters in 2020, raising the percentage of its energy use satisfied by clean - burning gas
from three to nine percent.
ie as consumers are able to drop the cost of energy
from their budgets through
domestic solar and other, living standards will increase even as global oil prices steadily rise, and grid energy will increase in cost due to altered
consumption patterns.
Natural gas is expected to become the leading U.S. fuel by 2040, accounting for 40 percent of
domestic energy
consumption — up
from 32 percent today.
Oil imports have dropped dramatically over the past five years,
from 60 percent of
consumption to around 35 percent; but the credit goes to the shale revolution that has greatly boosted
domestic production.
Environmental concerns have led to new efficiency standards for
domestic appliances, and smart meters may regulate our electricity usage
from afar, while we are constantly told to reduce our
consumption of everything and there is serious discussion about how procreation should be limited to save the planet.
Due to the lack of
domestic oil sources, the French government has encouraged the use of nuclear power as an alternative energy source to oil where possible, and the proportion of France's total energy
consumption derived
from oil decreased
from 71 percent in 1973 to 39 percent in 2003.
By focusing on generating clean electricity, the Kingdom can move away
from a reliance on
domestic consumption of fossil fuels for electricity and use the saved resources to strengthen its exports.
Thus, U.S. primary energy
consumption does include net imports of coal coke, but not the coal coke produced
from domestic coal.)
In Morocco's Oum Er Rbia River basin, a key agricultural region suffering
from water shortages, the government and the World Bank are working together to «make irrigation in the basin more sustainable, more profitable, and more resilient to climate change» by limiting growers to a fixed — but reliable — amount of water
consumption, subsidizing efficient irrigation equipment, and connecting farmers with
domestic and international markets.
But as people have moved
from the countryside to the cities, and as China's economic planners focus more on bolstering
domestic consumption and moving away
from export - led growth, income inequality has increased — along with the carbon footprint of those in urban areas.
The 12th Five ‐ Year Plan for the Development of National Economy and Society (2011 — 2015)-- The Five ‐ Year Plan for National Economic and Social Development, or the Five ‐ Year Plan aims to create more socially inclusive and environmentally sustainable growth and boost
domestic consumption that will begin to re ‐ orientate the Chinese economy away
from heavy industry and resource ‐ intensive production towards a more
consumption ‐ based and resource ‐ efficient economy.