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Synopsis
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.
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About the Author
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.
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Avoiding the Fall: China's Economic Restructuring
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Carnegie Endowment for Int'l Peace (edition ), 2013
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Avoiding the Fall: China's Economic Restructuring
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Avoiding the Fall : China's Economic Restructuring
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Avoiding the Fall
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Paperback. Condition: New. 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. Seller Inventory # LU-9780870034077
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Avoiding the Fall : China's Economic Restructuring
Published by
Carnegie Endowment for Int'l Peace, 2013
ISBN 10: 0870034073
ISBN 13: 9780870034077
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Avoiding the Fall
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ISBN 10: 0870034073
ISBN 13: 9780870034077
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Paperback. Condition: New. 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. Seller Inventory # LU-9780870034077
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