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China Understands Export-Driven Growth is Over: Economist

2:30 AM ET Wed, 11 July 2012

Karen Ward, senior global economist, HSBC, commented for CNBC on a new report showing that emerging economies are slowing, and that China's booming economic growth is diminishing: "China really understands that its days of export-driven growth are over, (..) and is therefore its shifting its focus towards the domestic consumer."