The Chinese Economy: Transitions and Growth. Barry Naughton

The Chinese Economy: Transitions and Growth


The.Chinese.Economy.Transitions.and.Growth.pdf
ISBN: 0262140950,9781429455343 | 504 pages | 13 Mb


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The Chinese Economy: Transitions and Growth Barry Naughton
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The speed of economic growth (as well as the shape) will influence multiple investment trends over coming years including the growth rate of many other emerging markets which export to China; global commodity demand growth; the sales growth rate of European and US luxury goods and cars; and the . The slowdown is expected as the China's economy is in transition and growth of 10 percent is not likely to be seen as the country is shifting from a low-income nation to a middle-income one. Mao's death in 1976 facilitated the transition that took place under Deng Xiaoping. But it is also due to the growing place of China in international relations, following from its economic development. That conclusion is supported by two key factors which suggest that China's transition from high trend growth to lower trend growth is probably already underway. Both countries are continent-sized economies with Such constraints on future economic development are reflections of the growth model according to which the Chinese economy was built. Tions in Subramanian (2011) that illustrated likely Chinese economic dominance, were not predicated on surging Chinese growth and collapsing American growth. Chinese premiere Wen Jiabao has made clear that stabilizing China's economic growth is a priority and markets are likely to be positive on this GDP data since they now expect more policy easing measures. 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. Much like the United States, China has an “all of the above” energy strategy: it plans to continue to rely on traditional sources of energy even as it makes the transition to cleaner fuels. 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 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. On the side of western-style democracy stood Minxin Pei, the director of the Keck Center for International and Strategic Studies at Claremont McKenna College and author of China's Trapped Transition: The Limits of Developmental Autocracy in which Pei examines the sustainability of the Chinese On the economic front, China's growth has been driven by investments at home and exports to developed countries—trends that are not sustainable in the long run. The medium-term growth projections for China and the United States, 5.5 and.

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