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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.
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.
Über den Autor
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.
Details
Erscheinungsjahr: | 2014 |
---|---|
Genre: | Importe, Politikwissenschaften |
Rubrik: | Wissenschaften |
Medium: | Taschenbuch |
ISBN-13: | 9780870034077 |
ISBN-10: | 0870034073 |
Sprache: | Englisch |
Einband: | Kartoniert / Broschiert |
Autor: | Pettis, Michael |
Hersteller: | Carnegie Endowment For International Peace |
Verantwortliche Person für die EU: | Libri GmbH, Europaallee 1, D-36244 Bad Hersfeld, gpsr@libri.de |
Maße: | 229 x 152 x 10 mm |
Von/Mit: | Michael Pettis |
Erscheinungsdatum: | 11.09.2014 |
Gewicht: | 0,256 kg |
Über den Autor
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.
Details
Erscheinungsjahr: | 2014 |
---|---|
Genre: | Importe, Politikwissenschaften |
Rubrik: | Wissenschaften |
Medium: | Taschenbuch |
ISBN-13: | 9780870034077 |
ISBN-10: | 0870034073 |
Sprache: | Englisch |
Einband: | Kartoniert / Broschiert |
Autor: | Pettis, Michael |
Hersteller: | Carnegie Endowment For International Peace |
Verantwortliche Person für die EU: | Libri GmbH, Europaallee 1, D-36244 Bad Hersfeld, gpsr@libri.de |
Maße: | 229 x 152 x 10 mm |
Von/Mit: | Michael Pettis |
Erscheinungsdatum: | 11.09.2014 |
Gewicht: | 0,256 kg |
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