Enhancing China S Medium Term Growth Prospects
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Enhancing China S Medium Term Growth Prospects
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Author : Mr.Malhar Nabar
language : en
Publisher: International Monetary Fund
Release Date : 2013-10-02
Enhancing China S Medium Term Growth Prospects written by Mr.Malhar Nabar and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-10-02 with Business & Economics categories.
China’s current growth model—which has delivered steady and robust growth for two decades and lifted some 500 million individuals out of poverty—has become too reliant on credit and investment, and has begun to experience diminishing returns. Delays in advancing the government’s reform agenda will mean that vulnerabilities continue to grow and the probability of stalled convergence increases. On the other hand, with reforms to accelerate TFP growth and shift the economy away from its continued reliance on capital accumulation, China can grow at a healthy pace and maintain its convergence toward the level of high income economies. Evidence from China’s provinces indicates that there is room to improve productivity and sustain such a convergence toward the level of more prosperous economies.
Enhancing China S Medium Term Growth Prospects
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Author : Mr.Malhar Nabar
language : zh-CN
Publisher: INTERNATIONAL MONETARY FUND
Release Date : 2014-04-21
Enhancing China S Medium Term Growth Prospects written by Mr.Malhar Nabar and has been published by INTERNATIONAL MONETARY FUND this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-04-21 with Business & Economics categories.
China’s current growth model— which has delivered steady and robust growth for two decades and lifted some 500 million individuals out of poverty—has become too reliant on credit and investment, and has begun to experience diminishing returns. Delays in advancing the government’s reform agenda will mean that vulnerabilities continue to grow and the probability of stalled convergence increases. On the other hand, with reforms to accelerate TFP growth and shift the economy away from its continued reliance on capital accumulation, China can grow at a healthy pace and maintain its convergence toward the level of high income economies. Evidence from China’s provinces indicates that there is room to improve productivity and sustain such a convergence toward the level of more prosperous economies.
Rebalancing In China Progress And Prospects
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Author : Ms.Longmei Zhang
language : en
Publisher: International Monetary Fund
Release Date : 2016-09-06
Rebalancing In China Progress And Prospects written by Ms.Longmei Zhang and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-09-06 with Business & Economics categories.
China is transitioning to a greener, more inclusive, more consumer and service based, and less credit-driven economy. This paper defines a framework for assessing rebalancing, reviews progress, and discusses medium-term prospects. External rebalancing has advanced well, while progress on internal rebalancing has been mixed, with substantial progress on the supply side, moderate progress on the demand side, and limited progress on the credit side. Rebalancing on income equality and environment has also been mixed, with the energy intensity of growth falling and labor’s share of income rising, but income inequality and local air pollution remaining very high. Going forward, the high national saving is expected to fall owing to demographic change and a stronger social safety net, while the investment ratio is expected to fall similarly, with increasing competition and profit normalization as growth slows. The service sector will continue to gain importance, helping reduce the carbon intensity of output and increase labor’s share of national income and household consumption. Reducing the credit intensity of growth is likely to progress slowly unless decisive corporate restructuring and SOE reforms are implemented.
China S Productivity Convergence And Growth Potential A Stocktaking And Sectoral Approach
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Author : Min Zhu
language : en
Publisher: International Monetary Fund
Release Date : 2019-11-27
China S Productivity Convergence And Growth Potential A Stocktaking And Sectoral Approach written by Min Zhu and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-11-27 with Business & Economics categories.
China’s growth potential has become a hotly debated topic as the economy has reached an income level susceptible to the “middle-income trap” and financial vulnerabilities are mounting after years of rapid credit expansion. However, the existing literature has largely focused on macro level aggregates, which are ill suited to understanding China’s significant structural transformation and its impact on economic growth. To fill the gap, this paper takes a deep dive into China’s convergence progress in 38 industrial sectors and 11 services sectors, examines past sectoral transitions, and predicts future shifts. We find that China’s productivity convergence remains at an early stage, with the industrial sector more advanced than services. Large variations exist among subsectors, with high-tech industrial sectors, in particular the ICT sector, lagging low-tech sectors. Going forward, ample room remains for further convergence, but the shrinking distance to the frontier, the structural shift from industry to services, and demographic changes will put sustained downward pressure on growth, which could slow to 5 percent by 2025 and 4 percent by 2030. Digitalization, SOE reform, and services sector opening up could be three major forces boosting future growth, while the risks of a financial crisis and a reversal in global integration in trade and technology could slow the pace of convergence.
China S Economic Growth Prospects
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Author : Cai Fang
language : en
Publisher: Edward Elgar Publishing
Release Date : 2016-01-29
China S Economic Growth Prospects written by Cai Fang and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-01-29 with Business & Economics categories.
China has grown rapidly since the reform initiation of the 1970s. China’s Economic Growth Prospects narrates the contribution of demographic transition to recent economic growth in China, and provides suggestions for ways in which it can sustain growth over the next few decades. The expert author provides reasons for the economic slowdown since the second decade of the twenty-first century; explores the challenges facing China’s long-term sustainability of growth with the disappearance of demographic dividend; and proposes policy suggestions. He concludes that, in order to avoid the middle-income trap, economic growth in China must transform from an inputs-driven pattern, to a productivity-driven pattern. Academics, researchers and students of economics and business, particularly those specialising in China, will find this book to be a useful resource. Investment bankers, journalists, politicians and policy makers will find the discussions of past experience and the future potential of the Chinese economy to be of interest.
Enhancing China S Medium Term Growth Prospects
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Author : Mr.Malhar Nabar
language : en
Publisher: International Monetary Fund
Release Date : 2013-10-02
Enhancing China S Medium Term Growth Prospects written by Mr.Malhar Nabar and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-10-02 with Business & Economics categories.
China’s current growth model—which has delivered steady and robust growth for two decades and lifted some 500 million individuals out of poverty—has become too reliant on credit and investment, and has begun to experience diminishing returns. Delays in advancing the government’s reform agenda will mean that vulnerabilities continue to grow and the probability of stalled convergence increases. On the other hand, with reforms to accelerate TFP growth and shift the economy away from its continued reliance on capital accumulation, China can grow at a healthy pace and maintain its convergence toward the level of high income economies. Evidence from China’s provinces indicates that there is room to improve productivity and sustain such a convergence toward the level of more prosperous economies.
China
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Author : Wanda Tseng
language : en
Publisher: International Monetary Fund
Release Date : 2003-02-24
China written by Wanda Tseng and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-02-24 with Business & Economics categories.
China's economic performance over recent years has been impressive, managing to weather the Asian crisis of the late 1990s largely unscathed, as well as sustaining growth in the face of the recent global downturn. However, there are structural weaknesses in its economy which, if unmet, could undermine its economic stability and growth. This book examines these challenges and China's efforts to address them, in order to ensure China can compete successfully in the global economy and sustain its economic performance whilst spreading the benefits more widely across society. Topics covered include: provincial growth dynamics, foreign direct investment, medium-term fiscal issues; state enterprise reforms, the impact of WTO accession, and exchange rate policy.
China S Growth And Integration Into The World Economy
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Author : Eswar Prasad
language : en
Publisher: International Monetary Fund
Release Date : 2004-06-17
China S Growth And Integration Into The World Economy written by Eswar Prasad and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-06-17 with Business & Economics categories.
China’s transformation into a dynamic private-sector-led economy and its integration into the world economy have been among the most dramatic global economic developments of recent decades. This paper provides an overview of some of the key aspects of recent developments in China’s macroeconomy and economic structure. It also surveys the main policy challenges that will need to be addressed for China to maintain sustained high growth and continued global integration.
China S Emerging Middle Class
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Author : Cheng Li
language : en
Publisher: Brookings Institution Press
Release Date : 2010
China S Emerging Middle Class written by Cheng Li and has been published by Brookings Institution Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Business & Economics categories.
Decades ago, there was no distinct middle class in the People's Republic of China. Any meaningful discussion of China's economy, politics, or society must take into account the rapid emergence and explosive growth of the Chinese middle class. This book details the origins and characteristics of this dramatic change.
China S Grand Strategy
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Author : Andrew Scobell
language : en
Publisher: Rand Corporation
Release Date : 2020-07-27
China S Grand Strategy written by Andrew Scobell and has been published by Rand Corporation this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-07-27 with History categories.
To explore what extended competition between the United States and China might entail out to 2050, the authors of this report identified and characterized China’s grand strategy, analyzed its component national strategies (diplomacy, economics, science and technology, and military affairs), and assessed how successful China might be at implementing these over the next three decades.