The pace of growth of the Chinese economy is likely to decelerate somewhat due, among other things, to government measures to restrain the increase in real estate transactions. However, given the continuing increase in private consumption, growth is nevertheless likely to remain relatively high.
Third, structural reforms to promote domestic demand Promotion of domestic demand helps to diversify the sources of growth, and thereby yields stability gains for EMEs. Empirical evidence indicates that economic growth in EMEs is not related to the size of the trade surplus, or even to the volume of exports, but rather to the output of industrial products.