The Chinese Economy: Transitions and Growth Barry Naughton
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Growth reaccelerates once the economy works through the transition from the export-driven, manufacturing-heavy model that typically fuels fast early growth. GDP growth rates, beginning in the middle of 2011, began to falter. Emphasis on urbanisation, services and social development, and consequently also greater reliance on private consumption as a source of economic growth. Download The Chinese Economy: Transitions and Growth. China is on the verge of making a number of important economic transitions. 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. To make matters worse, this leadership transition was occurring while the Chinese economy stumbled. First, China is on the cusp of becoming the world's largest economy. The Chinese Economy: Transitions and Growth by Barry Naughton. For some countries this drop in growth was temporary. The Chinese Economy: Transitions and Growth. Depending on how you measure it, this could quite possibly happen by 2020. 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. Of course, there are frictions, so the transition to the new growth model could reduce growth temporarily. 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.