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Laddar... Avoiding the Fall: China's Economic Restructuring (utgåvan 2013)av Michael Pettis
VerksinformationAvoiding the Fall: China's Economic Restructuring av Michael Pettis
All Things China (70) Laddar...
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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. Inga biblioteksbeskrivningar kunde hittas. |
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Google Books — Laddar... GenrerMelvil Decimal System (DDC)330.951Social sciences Economics Economics Economic geography and history Asia China and KoreaKlassifikation enligt LCBetygMedelbetyg:
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What makes Pettis's book so striking is when he puts his arguments to the test--predicting that China will grow at a 3-4 percent annual rate in the coming decade. This puts him numerically below many of the other China bears even if his qualitative arguments are similar.
Some of the argumentation in the book is overly breathless for my taste, especially around global rebalancing. And much of it makes it sound like Pettis has invented some of the more basic concepts. But overall it is an interesting, provocative and timely take on China's economy. ( )