The Chinese Economy: Transitions and Growth by Barry Naughton
The Chinese Economy: Transitions and Growth Barry Naughton ebook
ISBN: 0262140950, 9781429455343
Address to the Africa Down Under Conference Perth. The Chinese Economy: Transitions and Growth by Barry Naughton. 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 handling the trade relations with China, it has been suggested to impose duties on the export of raw materials and import of manufactured goods. China's growing military capabilities now threaten to upset that order in ways that, ironically, could complicate China's security environment at the same time as slowing economic growth intensifies its internal challenges. Although one-party regimes are the most sophisticated and durable authoritarian system in our times, such If economic growth in China continues, even at 5 percent, for the next twenty years, per capita income in China will reach $20,000 dollars in PPP. Economic reform is back on the agenda,” said Barry Naughton, author of the 2006 book “The Chinese Economy: Transitions and Growth” and a professor at the University of California at San Diego. Second, China's leadership transition will turn out to be relatively smooth later this year and the new leadership under President Xi Jinping will continue to embrace the economic transformation project outlined above. In fact, the economy is already domestically driven, but it's being propped up by government investment spending – uncertain foundations even for a country as cash-rich as China – rather than consumers themselves. China is making the transition from cheap exporter to a consumer-led economy. The Chinese Economy: Transitions and Growth. SPEECH – CHINESE ECONOMIC GROWTH AND IMPLICATIONS FOR THE AUSTRALIAN ECONOMY. For some countries this drop in growth was temporary. But when we take a longer-term view, a transition to a multi-party political system in China is a foregone conclusion. Growth reaccelerates once the economy works through the transition from the export-driven, manufacturing-heavy model that typically fuels fast early growth. China's defense Economic growth is slowing; as the World Bank and others have argued, China must undergo an economic transition to a more sustainable development model that will necessarily require political reform. The government is attempting a shift away from cheap exports and towards an economy fuelled by Chinese's growing ranks of consumers. Download The Chinese Economy: Transitions and Growth. Emphasis on urbanisation, services and social development, and consequently also greater reliance on private consumption as a source of economic growth.