Newsday's article "China calls for boost in domestic consumption" explains how China is trying to improve its local economy through a decrease in exporting. China wants to increase domestic consumption to prevent being involved with a weaker global economy while keeping jobs at the same time. China hopes that shifting to technological purchasing will allow this plan to succeed. The hope is to create new jobs in the field and increase employment while increasing domestic consumption at the same time. Assistance to rural families will also be provided to help with China's domestic agriculture industry.
The article points out that most of China's previous economic improvements are due to exporting into other countries. China is able to sell their products abroad to create global revenue. Because the global economy has worsened, China isn't as enthused about exporting. This is a good example of where specialization and trade is beneficial, but not necessarily on such a large scale. China may have overextended themselves and hurt it's economy in the long run. China doesn't want to cut off all exporting but rather simply decrease it by improving domestic consumption. China will still produce as much, but it won't be exporting as much. This decrease in supply might also cause prices to rise giving China more revenue.
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