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China's current account surplus has declined to around a quarter of its pre-crisis peak. While this is a major reduction in China's external imbalance, it has not been accompanied by a decisive shift toward consumption based growth. Instead, the compression in the external surplus has been accomplished through fixed investment rising even higher as a share of the national economy. The heavy reliance on investment raises questions about how durable the compression in the external surplus will be and whether the current growth model, which has had unprecedented success in lifting about 500 million people out of poverty over the last three decades, is sustainable. This volume looks at various aspects of the rebalancing under way in China and highlights policy lessons for achieving a stable, sustainable, and inclusive transformation of the growth model.
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Subjects
Economic conditions, Exports, China, economic conditionsPlaces
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1
China's economy in transition: from external to internal rebalancing
2013, International Monetary Fund
in English
1484303938 9781484303931
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2
China's Economy in Transition: From External to Internal Rebalancing
2013, International Monetary Fund
in English
1484321936 9781484321935
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3
China's Economy in Transition: From External to Internal Rebalancing
2013, International Monetary Fund
in English
1484372824 9781484372821
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- Created August 18, 2022
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August 18, 2022 | Created by ImportBot | Imported from Better World Books record |