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Avoiding the Fall: China’s Economic Restructuring

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: Paperback

EAN: 9780870034077

Manufacturer: Carnegie Endowment for Int'l Peace

Number of items: 1

Number of pages: 172

Product group: Book

Studio: Carnegie Endowment for Int'l Peace

Publication Date: 2013-09-24

Publisher: Carnegie Endowment for Int'l Peace

Pages: 172

ISBN: 0870034073

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