China's economy in transition
from external to internal rebalancing
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Contributions
- International Monetary Fund - Contributor
Publication
2013 - International Monetary Fund, [Washington, D.C.], District of Columbia
Language
English
Word Count
69,750 words, Guess
Page Count
279 pages
Identifiers
- Open LibraryOL30989801M
- ISBN-139781484303931
- ISBN-101484303938
- OCLC Control Number854944134
- Library of Congress Control Number2013478579
Classifications
- LCCHF1416.6.C6 C473 2013
Description
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.
Subjects
Places
Other Editions
- China's economy in transition: from external to internal rebalancing
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