# Prof. Paul Romer on calls for China to increase consumer spending and decrease investing

1 Faculty News November 12, 2012 ![Wall Street Journal logo](/sites/default/files/styles/246w/public/assets/images/wsjlogo.jpg?itok=5Qt0z3WX)>

Excerpt from [The Wall Street Journal](http://blogs.wsj.com/chinarealtime/2012/11/12/u-s-economist-rebalancing-no-magic-bullet/) -- "Count New York University economist [Paul Romer](http://www.stern.nyu.edu/faculty/bio/paul-romer) among the rebalancing skeptics. 'I don’t buy into the consensus,' says Mr. Romer, who is among the U.S.’s most influential economists. 'I don’t think it’s clear that \[domestic consumption\] is the way to go in China. The degree of certainty with which people advocate this idea obscures the debate.'”

[Read more](http://blogs.wsj.com/chinarealtime/2012/11/12/u-s-economist-rebalancing-no-magic-bullet/)