The Chinese Economy: Transitions and Growth by Barry Naughton

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

The above chart from the Wall Street Journal highlights the major change that has already taken place in the US economy as it transitions to the New Normal. €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. Today, they are particularly focused on the uncertainties associated with the Chinese leadership transition, and on the economic slowdown this year. China's working age to non-working age population ratio Jane Golley. 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. The immediate risk facing Mr Li is a prolonged economic downturn if the current stimulus, Domestic investors are more momentum driven, and typically more short-term in focus. In handling the trade relations with China, it has been suggested to impose duties on the export of raw materials and import of manufactured goods. Recent signs show that the Chinese economy, which has maintained double-digit growth for three decades, is slowing down. The medium-term growth projections for China and the United States, 5.5 and. Not all gifts are given freely, however. He feels that the US downgrade may lead to an acceleration of the economic transition in China. The Chinese government is getting serious about ending the state's parasitic role in the Chinese economy, reports the New York Times. Tions in Subramanian (2011) that illustrated likely Chinese economic dominance, were not predicated on surging Chinese growth and collapsing American growth. China recorded its last double-digit growth in 2010. GDP growth rates, beginning in the middle of 2011, began to falter. China also needs to shift its economy away from energy-intensive sectors, like the country's fast-growing, mammoth steel industry, and toward more energy-efficient, high-tech, and service industries. Today, China Of course, China will bear significant transition costs with factory closures and job losses in these industries, but such restructuring can help expand labor-intensive and greener sectors, such as health care, tourism, and professional services. To make matters worse, this leadership transition was occurring while the Chinese economy stumbled. This comprehensive overview of the modern Chinese economy by a noted expert on Chinas economic development offers a quality and breadth of coverage not found in any other English-language text. It's Mr Li who will be responsible for combating the country's slowing economic growth and, with it, potentially the fate of the world's economy. As the world's fastest growing economy, this has amounted to a substantial gift indeed.