ENGLISH

Avoiding the Fall: China’s Economic Restructuring

By Michael Pettis

Book information

Publisher
Carnegie Endowment for Int’l Peace
Year
2013
ISBN
0870034073, 9780870034077
Language
english
Format
EPUB
Filesize
658 kB (673546 bytes)
Pages
172\0
Time added
2018-02-13 08:22:38
Economic Conditions;Economics;Business & Money;Env

Description

The days of rapid economic growth in China are over. Mounting debt and rising internal distortions mean that rebalancing is inevitable. Beijing has no choice but to take significant steps to restructure its economy. The only question is how to proceed. Michael Pettis debunks the lingering bullish expectations for China's economic rise and details Beijing's options. The urgent task of shifting toward greater domestic consumption will come with political costs, but Beijing must increase household income and reduce its reliance on investment to avoid a fall.

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