| Description |
1 online resource (x, 279 pages) |
|
text file |
| Bibliography |
Includes bibliographical references and index. |
| Summary |
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. |
| Contents |
Cover; Contents; Acknowledgments; Contributors; Abbreviations; Introduction and Overview; PART I: A SHIFT IN FOCUS: FROM EXTERNAL TO INTERNAL IMBALANCES; 1 An End to China's Imbalances?; 2 Investment in China: Too Much of a Good Thing?; 3 China's Rapid Investment, Potential Output, and Output Gap; 4 Determinants of Corporate Investment in China: Evidence from Cross-Country Firm-Level Data; 5 Interest Rates, Targets, and Household Saving in Urban China; PART II: IMPLICATIONS FOR CHINA'S TRADING PARTNERS; 6 Implications for Asia from Rebalancing in China. |
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7 Investment-Led Growth in China: Global Spillovers8 The Spillover Effects of a Downturn in China's Real Estate Investment; PART III: POLICY IMPLICATIONS; 9 Chronicle of a Decline Foretold: Has China Reached the Lewis Turning Point?; 10 How Pro-Poor and Inclusive Is China's Growth? A Cross-Country Perspective; 11 De-Monopolization toward Long-Term Prosperity in China; 12 Transforming China: Insights from the Japanese Experience of the 1980s; 13 The Next Big Bang: A Road Map for Financial Reform in China; 14 Summation; Index; A; B; C; D; E; F; G; H; I; J; K; L; M; N; O; P; R; S; T; U; V; W; X. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
China -- Economic conditions.
|
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China. |
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Economic conditions. |
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Exports -- China.
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Exports. |
| Genre/Form |
Electronic books.
|
| Added Author |
Singh, Anoop.
|
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Nabar, Malhar.
|
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N'Diaye, Papa M'B. P. (Papa M'Bagnick Paté)
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International Monetary Fund.
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| Other Form: |
Print version: China's economy in transition. [Washington, D.C.] : International Monetary Fund, ©2013 1484303938 (OCoLC)854944134 |
| ISBN |
9781484372821 (electronic book) |
|
1484372824 (electronic book) |
|
9781484321935 |
|
1484321936 |
|
1484303938 |
|
9781484303931 |
| Standard No. |
10.5089/9781484372821.071 |
|
