The move was a tacit recognition that the Chinese economy can move from being an export-driven economy to one powered by domestic demand.
As China moves from an export-driven, investment-led economy toward domestic consumption growth, the nation depends on the rising buying power of its workforce.
China has the challenges of moving from an export-led to a domestic demand-led economy.
That in itself will hold a recovery back, unless Ireland's exporters can overcome the downward pull from a beaten-up domestic economy.
The fact is, even in this depressed world situation, economies that are export oriented, high-tech and can expand domestic services - including mixed-economy health services - are growing.
Analysts also say it is highly diversified, with a domestic-demand economy and a strong exporting base.
In addition to focusing on education and clean energy, China is also seeking to shift from export-led growth to more domestic consumption supported by a growing service-sector economy.
But arithmetically, it's nowhere near enough to re-balance the economy, especially when domestic investment is still weak, and the income we earn from our investments abroad has fallen off a cliff.
But they have failed to do enough to accelerate the shift from an export-led economy to one that relies on domestic consumption.
Companies, meanwhile, have been focused on paying down debt, as well as coping with deflation in the domestic economy and competition from cut-price imports.
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It says the large fiscal deficit being run by the United States, while beneficial now in stimulating the U.S. economy, raises long-term domestic and global problems.
Even as France has played key roles in international hot-spots in places like Libya and Syria, not to mention during the pan-European debt crisis, the domestic economy has been a prime focus of the election.
China is in a cyclical slowdown phase currently because it is digesting the investment it has made so far, but for the long term we are bullish as it begins to rebalance away from an export-oriented economy to one much more focused on domestic consumption.
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Just a year ago, India was an investor darling, accustomed to near double-digit gross domestic product growth and talk of rivalry with China to be the fastest-growing big economy in the world.
It also says it will steer the economy away from export-led growth towards domestic demand.
Karl Marx used Crusoe's one-person domestic production as an allegory for economy in its simplest form.
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The second largest Euro-zone economy is seriously ailing and the blame lies with domestic politics.
Sometimes it might make more sense , even given our inept political parties, to look at opportunities closer to home, where constitutional protections, a large domestic market and a diversified economy may provide better long-run prospects.
Their annual budget deficit should be below 3% of their gross domestic product (GDP - the total output of their economy).
The continued inability of the Japanese government and the BOJ to effectively address the deflationary pressures in the domestic economy will lead to the failure of several large banks--and ultimately the whole Japanese banking system.
Unfortunately, once you sort through how much more China can actually spend in the near term, and take into account that--at market exchange rates--China's economy is only around 6% of world gross domestic product, the effect on global growth will be small.
Non-oil imports are still low due to a generally weak domestic economy.
Our gross domestic product -- the sum total of all that our economy produces -- fell at the fastest rate in a quarter century.
Depreciation may help the domestic economy, but it inflicts a loss on foreign holders of local-currency government bonds.
It's been estimated that the so-called shadow or black economy in Greece represents at least 30% of gross domestic product.
At the heart of the five-year plan is a focus on boosting domestic consumption and restructuring its economy toward more sustained growth.
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Over past few weeks, U.S. data, including stronger-than-expected gross domestic product and jobs reports, have pointed to an economy that is no longer decelerating.
Third, and perhaps most important, this is shaping up to be an issue-less election, probably because voters are so satisfied with the economy that no domestic matter seems of compelling significance.
U.S. gross domestic product data on Friday showed the American economy expanding at an inflation-adjusted 3.4% annual rate in the second quarter, which should have been good news for equities, but analysts believed the market's focus would quickly return to the credit markets.
While the Fed keeps the yield on overnight loans at 0% and investors price ten-year Treasury bonds as if prices will barely budge over the coming decade, inflation is lurking in many corners of the economy--like shipping, which accounts for 7% of gross domestic product.
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