Avoiding the Fall: China's Economic Restructuring
Autor Michael Pettisen Limba Engleză Paperback – 24 sep 2013
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.
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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Specificații
ISBN-13: 9780870034077
ISBN-10: 0870034073
Pagini: 172
Dimensiuni: 152 x 229 x 9 mm
Greutate: 0.28 kg
Editura: Brookings Institution Press
Colecția Carnegie Endowment for Int'l Peace
ISBN-10: 0870034073
Pagini: 172
Dimensiuni: 152 x 229 x 9 mm
Greutate: 0.28 kg
Editura: Brookings Institution Press
Colecția Carnegie Endowment for Int'l Peace
Notă biografică
Michael Pettis is a senior associate in the Carnegie Asia Program. An expert on China's economy, Pettis is a professor of finance at Peking University's Guanghua School of Management, where he specializes in Chinese financial markets.
Descriere
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.
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.