Slowdown in the People's Republic of China
Structural Factors and Implications for Asia
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Publication
2018 - Asian Development Bank Institute
Language
English
Word Count
104,000 words, Guess
Page Count
416 pages
Identifiers
- Open LibraryOL29351878M
- ISBN-139784899740773
- OCLC Control Number1038052785
Classifications
- LCCHC427.95.S56 2018
Description
"The People's Republic of China (PRC) has been growing at an unprecedented rate since economic reforms were initiated in 1978, achieving an average annual real GDP growth rate of 9.7% over the entire period through 2015. As a consequence, the PRC has achieved a remarkably successful transition from one of the poorest countries to upper middle-income status in just over one generation. However, there are concerns that the PRC's strong growth streak recently has run out of steam, showing a marked deceleration since 2010. The key question is whether the PRC's economy will continue to slow and be trapped in slow growth, or whether its growth can re-accelerate. The chapters in this volume focus on the root causes of the current slowdown and, in light of these, assess the growth potential of the PRC's economy, the conditions under which that potential growth could be realized, and the implications for other Asian economies."
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