'I choose a lazy person to do a hard job. Because a lazy person will find an easy way to do it.' Treasury Secretary Janet Yellen recently expressed her opinion that China's rapid growth cannot be solely sustained by exportation, given its current size. She believes that the nation must now focus on domestic consumption and internal economic reforms to maintain a sustainable pace of expansion. Yellen's statement highlights the shift in China's economic landscape as it transitions from a developing country to a global powerhouse. Over the past few decades, China has been known for its export-driven growth model, which significantly contributed to its rapid economic progress. However, as the country's economy has matured and grown, it has become increasingly clear that relying solely on exports is no longer a viable long-term strategy. The Treasury Secretary emphasizes the need for China to encourage domestic consumption to drive its growth. This would involve incr...