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The Chinese Economy: Transitions and Growth epub

The Chinese Economy: Transitions and Growth by Barry Naughton

The Chinese Economy: Transitions and Growth



Download The Chinese Economy: Transitions and Growth




The Chinese Economy: Transitions and Growth Barry Naughton ebook
ISBN: 0262140950, 9781429455343
Publisher:
Page: 504
Format: pdf


Philip highlights three mutually reinforcing paths of transformation ahead in the Chinese economy. Emphasis on urbanisation, services and social development, and consequently also greater reliance on private consumption as a source of economic growth. While the country has maintained a political monopoly since its founding, the effects of China's rapid economic growth have triggered increasing social unrest and political destabilization that challenges the country's rise as a global power. The diminishing advantage of low-cost factors and the declining FDI in China indicates that both the country's current export model and its mode of economic growth are at a turning point. Economic reform is back on the agenda,” said Barry Naughton, author of the 2006 book “The Chinese Economy: Transitions and Growth” and a professor at the University of California at San Diego. The S&P's report, “For sub-Saharan Africa, China's rebalancing poses risks and opportunities”, indicated agricultural exports from Ghana stands to gain from the new China economic transition. The CCP is undergoing a pivotal once-in-a-decade power transition that will see its fifth generation of leaders set the future agenda for the second-largest economy in the world. When I chat with people about China's economic growth, I often hear a story that goes like this: The main driver's behind China's growth is that it uses a combination of cheap labor and an undervalued exchange rate to create huge trade surpluses. €�Conversely, exporters of agricultural products, such as According to Six, a rapid shift could cause a steeper decline in China's overall GDP and import growth rates, leading to a fall in SSA commodity exports to the country. The above chart from the Wall Street Journal highlights the major change that has already taken place in the US economy as it transitions to the New Normal. In handling the trade relations with China, it has been suggested to impose duties on the export of raw materials and import of manufactured goods. First, a structural slowdown of growth looks clearly to be in the cards. As the world's fastest growing economy, this has amounted to a substantial gift indeed. China's working age to non-working age population ratio Jane Golley. Not all gifts are given freely, however. At a minimum it'll allow more of its citizens to buy widgets that help them get around the Great Firewall. In a paper, Li Zuojun, deputy director at the Development Research Center of the State Council (DRC) writes that after 30 years of rapid growth, China is beginning to restructure. Transition towards China's growth model being driven by consumer spending will give rise to much greater volatility when it comes to managing the economy and bring about a step-change down in the rates of GDP growth. These platform companies borrowed heavily from banks during the stimulus, financing a rapid build out of infrastructure that helped sustain economic growth despite the ongoing global turmoil. Economic growth hopefully will bring more freedom to China's people. As Chinese data continues to deteriorate, housing continues to show weakness and bad debts rise, some take solace in the fact that this is all part of China's plan to rebalance its economy and cool growth.