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.
Author: Michael Pettis
Binding Type: Paperback
Publisher: Carnegie Endowment for International Peace
Published: 09/11/2014
Pages: 172
Weight: 0.62lbs
Size: 8.97h x 6.08w x 0.37d
ISBN: 9780870034077
Language: English
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