The Chinese Economy: Transitions and Growth by Barry Naughton

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

Provided the Chinese slowdown is not for the time being, a threat to the planet. The S&P's report, “For sub-Saharan Africa, China's rebalancing poses risks and opportunities”, indicated agricultural exports from Ghana stands to gain from the new China economic transition. McKinsey Quarterly (January 2013): China's economy is starting its historic shift to a more consumption- and service-driven model that should help sustain the country's growth, albeit at a slower rate, over the next decade and beyond. 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. Product Description This comprehensive overview of the modern Chinese economy by a noted expert on China's economic development offers a quality and breadth of coverage not found in any other English-language text. As the world's fastest growing economy, this has amounted to a substantial gift indeed. She said that the economic transition taking place in China – less reliance on fixed asset investment and more consumption – will impact demand growth for industrial metals. China's working age to non-working age population ratio Jane Golley. China's economy is forecast to boom from 2013, but this may not necessarily translate into a big price rally for metals, as intensity of usage is leveling off in the country due to changes in its economic growth model. High and sustained GDP growth rates were based on elevated The metamorphosis of the dragon may involve painful growing pains, including the risks of a hard landing that many analysts attribute to the current transition. €Conversely, exporters of agricultural products, such as According to Six, a rapid shift could cause a steeper decline in China's overall GDP and import growth rates, leading to a fall in SSA commodity exports to the country. Emphasis on urbanisation, services and social development, and consequently also greater reliance on private consumption as a source of economic growth. 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 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. The Chinese pattern of rapid growth with structural change has been accompanied by rising economic imbalances, just as the main pillars of growth seem to be gradually weakening. 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. Naughton's most recent book is The Chinese Economy: Transitions and Growth, a comprehensive survey of the Chinese economy. Not all gifts are given freely, however.