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The Chinese Economy: Transitions and Growth by Barry Naughton

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

Chinese economic policymakers will have to reduce explicit government controls and inter- vention and become more comfortable with allowing market mechanisms to guide ever larger segments of the economy. Exports have The transition to a consumption-led economy will be long and bumpy. 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. Like most Asian economies, the Chinese government has based its overall growth rate on exports, which is demonstrated in the top chart. The Chinese Economy: Transitions and Growth by Barry Naughton. A slight acceleration in Chinese economic growth at the end of last year is reinforcing the common narrative that China's expansion is a threat to other nations, including the United States. To make matters worse, this leadership transition was occurring while the Chinese economy stumbled. The Chinese Economy: Transitions and Growth. Market forces always work to whatever to work toward long-term good. Download The Chinese Economy: Transitions and Growth. GDP growth rates, beginning in the middle of 2011, began to falter. Case in point: China, where labor shortages are working to slow growth in the nation's economy. China's economic reforms over the past 30 years have transformed a faltering Communist command economy into a global engine of growth. Market Forces and the Chinese Economic Transition. Economic growth, it also requires a change in traditional modes of economic policymaking. Despite these Too gradual a transition, however, exposes the Chinese economy to the risk of a sharp correction for an undesirably long period.