Mon premier blog

The Chinese Economy: Transitions and Growth by Barry Naughton

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

1993), Barry Naughton, The Chinese Economy : Transitions and. First, China is on the cusp of becoming the world's largest economy. Depending on how you measure it, this could quite possibly happen by 2020. Decades of rapid economic growth granted legitimacy to the Chinese Communist Party and helped minimize social unrest. China also needs to shift its economy away from energy-intensive sectors, like the country's fast-growing, mammoth steel industry, and toward more energy-efficient, high-tech, and service industries. China is on the verge of making a number of important economic transitions. Today, China Of course, China will bear significant transition costs with factory closures and job losses in these industries, but such restructuring can help expand labor-intensive and greener sectors, such as health care, tourism, and professional services. €�China's growth rate has exceeded 10% while the inflation rate has been kept below 3% for four years running. No sane American can wish China ill. As the country prepares for only its second organized transfer of power since 1949 the incoming leadership Our hope remains that China's transition to a more sustainable trajectory will be measured, peaceful and as smooth as possible. Recent years, it is a hot topic that if China's economy can keep growing rapidly. Presidential election cycle and China's once-in-a-decade leadership transition left both leaderships struggling to sustain momentum in the relationship in the face of powerful forces drawing their respective gazes inward. 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. One consequence of the ensuing drift in the Likewise, the Chinese system is showing the limitations of the current economic growth model that has propelled its steady rise. Market forces always work to whatever to work toward long-term good. Case in point: China, where labor shortages are working to slow growth in the nation's economy. Philip highlights three mutually reinforcing paths of transformation ahead in the Chinese economy. China's consumer-led growth means that China's economy is experiencing the transition from investment-led style. This is rare both in China and the world. First, a structural slowdown of growth looks clearly to be in the cards. Market Forces and the Chinese Economic Transition. Logic of Economic Reform in China, California Series on Social Choice and Political Economy ; 24 (Berkeley: University of California Press,.