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    China: New Engine of World Growth

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    Author(s)
    Garnaut, Ross
    Song, Ligang
    Language
    English
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    Abstract
    Twenty-five years of reform have transformed China from a centrally planned and closed system to a predominantly market-driven and open economy. As a consequence, China is emerging as the new powerhouse for the world economy. China: new engine for world growth discusses the impact and significance of this transformation. It points out risks to the growth process and unfinished tasks of reform. It presents conclusions from recent research on growth, trade and investment, the financial sector, income and regional disparities, industrial location and private sector development. Ross Garnaut is a Professor of Economics in the Research School of Pacific and Asian Studies, and Chairman of the China Economy and Business Program at The Australian National University. He was Australia’s Ambassador to China in the 1980s. Ligang Song is a Fellow in the Asia Pacific School of Economics and Government, and Director of the China Economy and Business Program at The Australian National University.
    URI
    http://library.oapen.org/handle/20.500.12657/33559
    Keywords
    economics; economic growth; china; Foreign direct investment; Gross domestic product; State-owned enterprise
    DOI
    10.26530/OAPEN_459889
    Publisher
    ANU Press
    Publisher website
    https://press.anu.edu.au/
    Publication date and place
    Canberra, 2012
    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; Foreign direct investment - https://en.wikipedia.org/wiki/Foreign_direct_investment; Gross domestic product - https://en.wikipedia.org/wiki/Gross_domestic_product; State-owned enterprise - https://en.wikipedia.org/wiki/State-owned_enterprise
    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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