Rebalancing and Sustaining Growth in China
Rebalancing and Sustaining Growth in China by Huw McKay
English | Aug. 11, 2012 | ISBN: 1921862793 | 386 Pages | PDF | 4 MB
English | Aug. 11, 2012 | ISBN: 1921862793 | 386 Pages | PDF | 4 MB
The idea that China’s economy needs to rebalance is no longer controversial inside or outside the country. Whether it be the increasing recognition of income inequality at home; the still large external surplus; the focus on consumption and industrial upgrading in the policy discourse; the economic, political and social tensions associated with the major decline in housing affordability; the profound conflict between industrialisation, urbanisation and the biosphere; the profitability gulf between the top SOEs and private firms; or the uni-directional pressures pushing on the real exchange rate; the evidence in favour of a highly imbalanced structure is omnipresent.