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The Chinese Economy: Transitions and Growth by Barry Naughton

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

These platform companies borrowed heavily from banks during the stimulus, financing a rapid build out of infrastructure that helped sustain economic growth despite the ongoing global turmoil. To make matters worse, this leadership transition was occurring while the Chinese economy stumbled. Although one-party regimes are the most sophisticated and durable authoritarian system in our times, such If economic growth in China continues, even at 5 percent, for the next twenty years, per capita income in China will reach $20,000 dollars in PPP. As the world's fastest growing economy, this has amounted to a substantial gift indeed. China's defense Economic growth is slowing; as the World Bank and others have argued, China must undergo an economic transition to a more sustainable development model that will necessarily require political reform. But when we take a longer-term view, a transition to a multi-party political system in China is a foregone conclusion. 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. Not all gifts are given freely, however. 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. 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. Ronald Coase on China's Transition to Capitalism · Ilya Somin • January In the new millennium, the Chinese economy has kept its growth momentum and become more integrated with the global economy. GDP growth rates, beginning in the middle of 2011, began to falter. Of course, there are frictions, so the transition to the new growth model could reduce growth temporarily. China's working age to non-working age population ratio Jane Golley. 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. 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. China's growing military capabilities now threaten to upset that order in ways that, ironically, could complicate China's security environment at the same time as slowing economic growth intensifies its internal challenges.