Avoiding the Fall China's Economic Restructuring
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Description: It is increasingly accepted that China's growth model, which served it very well in the 1980s and 90s, reached its useful limit during the past decade. As a result, although China continued to post spectacular GDP growth numbers, this growth came with a cost unsustainable imbalances and even faster growth in debt. With China's new generation of leaders formally taking power in early 2013, it clearly must restructure its development model to achieve a very different kind of growth. A Chinese rebalancing is inevitable and the most interesting question is how it will occur.In Restructuring the Chinese Economy, Michael Pettis outlines six paths that China can follow the only logical paths that lead ultimately to rebalancing and discusses the political and economic strengths and limitations of each. These paths range from debt crisis and negative growth, at one extreme, to a massive wealth transfer from the state to Chinese households, with steady growth for many years, at the other. How Beijing chooses will determine China's position in the world for the rest of the century.
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All the information you need in one place! Each Study Brief is a summary of one specific subject; facts, figures, and explanations to help you learn faster.
List price: $13.99
Copyright year: 2013
Publisher: Brookings Institution Press
Publication date: 9/24/2013
Size: 6.00" wide x 8.75" long x 0.50" tall
|The Limits of the Chinese Growth Model|
|China's Domestic Imbalances|
|Is Overinvestment a Problem?|
|Monetary Policy Under Financial Repression|
|How Will China Rebalance?|
|The Mechanics of Rebalancing|
|How to Be a China Bull|
|Appendix: What Happens if China Revalues the Renminbi?|
|About the Author|
|Carnegie Endowment for International Peace|