The Chinese Economy: Transitions and Growth by Barry Naughton

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

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. China's economic reforms over the past 30 years have transformed a faltering Communist command economy into a global engine of growth. First, China is on the cusp of becoming the world's largest economy. During its transition to the current policy regime, it grew extremely fast, yet remains poor. Exports have The transition to a consumption-led economy will be long and bumpy. Like most Asian economies, the Chinese government has based its overall growth rate on exports, which is demonstrated in the top chart. Lardy, an authority on China and its economy, about his book “Sustaining China's Economic Growth After the Global Financial Crisis.” Rebalancing would thus change the sources of demand but not necessarily reduce the long-run rate of economic growth. Independent news, analysis and commentary on the world's most exciting economy . 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. Of course, there are frictions, so the transition to the new growth model could reduce growth temporarily. Depending on how you measure it, this could quite possibly happen by 2020. These agreements will tear down tariff and non-tariff trade barriers to American goods and services, achieve far greater transparency in China's regulatory practices, and enable the United States to benefit from the economic dynamism of Asia - the new "engine" for global growth. Donald Gross discusses China's political transition and its effect on Sino-US relations. This comprehensive overview of the modern Chinese economy by a noted expert on Chinas economic development offers a quality and breadth of coverage not found in any other English-language text. 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. 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. Emphasis on urbanisation, services and social development, and consequently also greater reliance on private consumption as a source of economic growth. It aims to encircle China with hostile military alliances and bases, before China's economic and technological growth would allow it to challenge Washington's influence in the Western Pacific. China is on the verge of making a number of important economic transitions. I travel to China fairly often, and it sure looks like a fast growing East Asian economy, even in the interior of the country. Free-market attacks on the working class are China's National Peoples Congress (NPC) concluded yesterday after completing the once-in-a-decade leadership transition that began with last year's Chinese Communist Party congress.