China’s Great Rebalancing Continues

China is rapidly exiting its high-growth development phase driven by industrial investment and exports. Going forward, it needs to go from an economy where consumer spending represents only 38 percent of GDP to the 60 percent+ norm exhibited by the other BRICS countries. What will that mean for Chinese consumers? What are the implications for the global economy? What will it mean for other developing countries that have lived in the shadow of Chinese competition? We'll provide the answers to these questions and more.