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The Chinese Economy: Transitions and Growth by Barry Naughton

The Chinese Economy: Transitions and Growth Barry Naughton ebook
ISBN: 0262140950, 9781429455343
Publisher:
Format: pdf
Page: 504

Naughton, Barry, 2007, The Chinese Economy Transitions and Growth, Boston, Massachusetts: MIT Press. Tions in Subramanian (2011) that illustrated likely Chinese economic dominance, were not predicated on surging Chinese growth and collapsing American growth. Recent signs show that the Chinese economy, which has maintained double-digit growth for three decades, is slowing down. Since its departure from Communism and the liberalization of its economy, China has experienced extremely high economic growth rates, raised hundreds of millions of people out of poverty, and has become a central component of the global economy due to its high degree of integration and essential role in the supply chain (Sachs, 2005, 165-169). The slowdown makes this transition all the more urgent, because GDP growth in China's service sector produces more jobs than does the industrial sector. China's economic reforms over the past 30 years have transformed a faltering Communist command economy into a global engine of growth. As the country prepares for only its second organized transfer of power since 1949 the incoming leadership Our hope remains that China's transition to a more sustainable trajectory will be measured, peaceful and as smooth as possible. I have been reading The Chinese Economy: Transitions and Growth by Barry Naughton. No sane American can wish China ill. On the side of western-style democracy stood Minxin Pei, the director of the Keck Center for International and Strategic Studies at Claremont McKenna College and author of China's Trapped Transition: The Limits of Developmental Autocracy in which Pei examines the sustainability of the Chinese On the economic front, China's growth has been driven by investments at home and exports to developed countries—trends that are not sustainable in the long run. €�Conversely, exporters of agricultural products, such as According to Six, a rapid shift could cause a steeper decline in China's overall GDP and import growth rates, leading to a fall in SSA commodity exports to the country. China recorded its last double-digit growth in 2010. The S&P's report, “For sub-Saharan Africa, China's rebalancing poses risks and opportunities”, indicated agricultural exports from Ghana stands to gain from the new China economic transition. Decades of rapid economic growth granted legitimacy to the Chinese Communist Party and helped minimize social unrest. €�No one can forecast with confidence the future of the Chinese economy,” he said. The medium-term growth projections for China and the United States, 5.5 and.