Avoiding the Fall: China's Economic Restructuring

Michael Pettis

Published by Carnegie Endowment for Int'l Peace, 2013
ISBN 10: 0870034073 / ISBN 13: 9780870034077
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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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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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Title: Avoiding the Fall: China's Economic ...
Publisher: Carnegie Endowment for Int'l Peace
Publication Date: 2013
Binding: Paperback
Book Condition: Used: Good

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