Avoiding the Fall : China's Economic Restructuring /

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The days of rapid economic growth in China are over. Mounting debt and rising internal distortions mean that rebalancing is inevitable. Beijing has no choice but to take significant steps to restructure its economy. The only question is how to proceed. Michael Pettis debunks the lingering bullish ex...

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Bibliographic Details
Main Author: Pettis, Michael
Corporate Author: Carnegie Endowment for International Peace
Format: Electronic eBook
Language:Inglés
Published: Washington, D.C. : Carnegie Endowment for International Peace, [2013]
Series:Book collections on Project MUSE.
Subjects:
Economic policy.
Economic history.
BUSINESS & ECONOMICS > Development > Sustainable Development.
BUSINESS & ECONOMICS > Reference.
BUSINESS & ECONOMICS > Economics > General.
China.
Chine > Conditions economiques > 2000-
Chine > Politique economique > 2000-
China > Economic conditions > 2000-
China > Economic policy > 2000-
Electronic books.
Online Access:Texto completo
Description
Summary:The days of rapid economic growth in China are over. Mounting debt and rising internal distortions mean that rebalancing is inevitable. Beijing has no choice but to take significant steps to restructure its economy. The only question is how to proceed. Michael Pettis debunks the lingering bullish expectations for China's economic rise and details Beijing's options. The urgent task of shifting toward greater domestic consumption will come with political costs, but Beijing must increase household income and reduce its reliance on investment to avoid a fall.
Physical Description:1 online resource (172 pages).
ISBN:9780870034084

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