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    China's New Sources of Economic Growth: Vol. 1. Reform, Resources and Climate Change

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    Contributor(s)
    Song, Ligang (editor)
    Garnaut, Ross (editor)
    Fang, Cai (editor)
    Johnston, Laurne (editor)
    Language
    English
    Show full item record
    Abstract
    China’s change to a new model of growth, now called the ‘new normal’, was always going to be hard. Events over the past year show how hard it is. The attempts to moderate the extremes of high investment and low consumption, the correction of overcapacity in the heavy industries that were the mainstays of the old model of growth, the hauling in of the immense debt hangover from the fiscal and monetary expansion that pulled China out of the Great Crash of 2008 would all have been hard at any time. They are harder when changes in economic policy and structure coincide with stagnation in global trade and rising protectionist sentiment in developed countries, extraordinarily rapid demographic change and recognition of the urgency of easing the environmental damage from the old model. China’s economy has slowed and there are worries that the authorities will not be able to contain the slowdown within preferred limits. This year’s Update explores the challenge of the slowdown in growth and the change in economic structure. Leading experts on China’s economy and environment review change within China’s new model of growth, and its interaction with ageing, environmental pressure, new patterns of urbanisation, and debt problems at different levels of government. It illuminates some new developments in China’s economy, including the transformational potential of internet banking, and the dynamics of financial market instability. China’s economic development since 1978 is full of exciting change, and this year’s China Update is again the way to know it as it is happening
    URI
    http://library.oapen.org/handle/20.500.12657/32134
    Keywords
    economic growth; environmental management; economic management; china; Gross domestic product
    DOI
    10.26530/OAPEN_616885
    ISBN
    9781760460341
    OCN
    1030818992
    Publisher
    ANU Press
    Publisher website
    https://press.anu.edu.au/
    Publication date and place
    2016
    Classification
    China
    Economic growth
    Public remark
    Relevant Wikipedia pages: China - https://en.wikipedia.org/wiki/China; Economic growth - https://en.wikipedia.org/wiki/Economic_growth; Gross domestic product - https://en.wikipedia.org/wiki/Gross_domestic_product
    Rights
    http://press.anu.edu.au/about/conditions-use
    • Imported or submitted locally

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    License

    • If not noted otherwise all contents are available under Attribution 4.0 International (CC BY 4.0)

    Credits

    • logo EU
    • This project received funding from the European Union's Horizon 2020 research and innovation programme under grant agreement No 683680, 810640, 871069 and 964352.

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