The Chinese Economy: Transitions and Growth by Barry Naughton

The Chinese Economy: Transitions and Growth



The Chinese Economy: Transitions and Growth book




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


Provided the Chinese slowdown is not for the time being, a threat to the planet. 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. A few points call for special attention. The medium-term growth projections for China and the United States, 5.5 and. However, a more significant underlying cause is the fact that China's economic transition may have already started. The lights are flickering in the world's economic powerhouse. 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. 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. GDP growth rates, beginning in the middle of 2011, began to falter. Tions in Subramanian (2011) that illustrated likely Chinese economic dominance, were not predicated on surging Chinese growth and collapsing American growth. 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. To make matters worse, this leadership transition was occurring while the Chinese economy stumbled. 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.

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