China to do an India?

China is all set to expand domestic consumption and thereby try and emulate the successful Indian story that has kept the latters economy relatively safe during the global financial crisis,termed as the worst ever,surpassing even the Great Depression in the US in the early parts of the last century.

Also,when the tide finally turned positive,India was much swifter in recording a recovery.

Chinese President Hu Jintao said on Monday that China,the world8217;s third-largest economy,would make huge efforts to boost domestic and household consumption.

Earlier in the day,Hu also said China would continue to work towards reforming its currency system and liberalising its economy with more reforms.