China is in the stageof its economicdevelopment where it needs, and wants, to increase domestic demand for its products, and move away from dependence on exports.
Before we answer this, one needs to revisit the American Economic Historian W.W. Rostow who in the sixties had suggested that countries passed through 5 stages ofeconomicdevelopment as Traditional Society, Transitional Stage, Take-off, Drive to Maturity and High Mass Consumption.
Moreover, the remarkable developmentof the U.S. capital markets during this period set the stage for the economic prosperity and surge in technological innovation that occurred in the 1990s.