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The Chinese Economy: Transitions and Growth by Barry Naughton

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

When I chat with people about China's economic growth, I often hear a story that goes like this: The main driver's behind China's growth is that it uses a combination of cheap labor and an undervalued exchange rate to create huge trade surpluses. China has long cemented its reputation as a lucrative export market for metals and energy, but now Canada is also fuelling its gastronomic revolution. 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. As the world's fastest growing economy, this has amounted to a substantial gift indeed. EDUCATION NETWORKS: The Chinese economy: transitions and growth - Ultimate Resource on scholarship program,scholarship programs, scholarship search. Not all gifts are given freely, however. China's working age to non-working age population ratio Jane Golley. This is rare both in China and the world. 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. As Chinese data continues to deteriorate, housing continues to show weakness and bad debts rise, some take solace in the fact that this is all part of China's plan to rebalance its economy and cool growth. 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. In a paper, Li Zuojun, deputy director at the Development Research Center of the State Council (DRC) writes that after 30 years of rapid growth, China is beginning to restructure. 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. 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. Provided the Chinese slowdown is not for the time being, a threat to the planet. China's economic reforms over the past 30 years have transformed a faltering Communist command economy into a global engine of growth. The slowdown makes this transition all the more urgent, because GDP growth in China's service sector produces more jobs than does the industrial sector. €�China's growth rate has exceeded 10% while the inflation rate has been kept below 3% for four years running.