date:Oct 18, 2012
wages increase.
But Kishore Mahbubani, dean of the Lee Kuan Yew School of Public Policy at the National University of Singapore, said he was confident that the Chinese leadership would be able to manage the challenges as they are not troubled by policy paralysis.
The low contribution of consumption to economic growth also means that China hasample room for improvement, he said.
Some of the economists were pessimistic on the global economic outlook. Koo said the world was still in a balance s