Avoiding the Fall: China's Economic Restructuring
19.95
USD
Book Details
Author(s)
Michael Pettis
Publisher
Carnegie Endowment for Int'l Peace
ISBN / ASIN
0870034073
ISBN-13
9780870034077
Sales Rank
#961,185
Marketplace
United States 🇺🇸
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Description
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.
