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Record Nr. |
UNINA9910974643203321 |
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Autore |
Singh Anoop |
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Titolo |
China's Economy in Transition : : From External to Internal Rebalancing / / Anoop Singh, Malhar Nabar, Papa N'Diaye |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2013 |
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ISBN |
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9781484363850 |
148436385X |
9781484321935 |
1484321936 |
9781484372821 |
1484372824 |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (293 p.) |
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Altri autori (Persone) |
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Disciplina |
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Soggetti |
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Globalization - Economic aspects - China |
Globalization - Political aspects - China |
Exports - China |
Banks and Banking |
Exports and Imports |
Labor |
Macroeconomics |
Production and Operations Management |
Aggregate Factor Income Distribution |
Labor Economics: General |
Interest Rates: Determination, Term Structure, and Effects |
Personal Income, Wealth, and Their Distributions |
Trade: General |
Demand and Supply of Labor: General |
Production |
Cost |
Capital and Total Factor Productivity |
Capacity |
Labour |
income economics |
International economics |
Finance |
Banking |
Currency |
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Foreign exchange |
Real interest rates |
Personal income |
Income |
Total factor productivity |
Financial services |
National accounts |
Labor supply |
Exports |
International trade |
Labor economics |
Interest rates |
Industrial productivity |
Labor market |
Income economics |
China Economic conditions |
China, People's Republic of |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references and index. |
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Nota di contenuto |
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Cover; Contents; Acknowledgments; Contributors; Abbreviations; Introduction and Overview; PART I: A SHIFT IN FOCUS: FROM EXTERNAL TO INTERNAL IMBALANCES; 1 An End to China's Imbalances?; 2 Investment in China: Too Much of a Good Thing?; 3 China's Rapid Investment, Potential Output, and Output Gap; 4 Determinants of Corporate Investment in China: Evidence from Cross-Country Firm-Level Data; 5 Interest Rates, Targets, and Household Saving in Urban China; PART II: IMPLICATIONS FOR CHINA'S TRADING PARTNERS; 6 Implications for Asia from Rebalancing in China |
7 Investment-Led Growth in China: Global Spillovers 8 The Spillover Effects of a Downturn in China's Real Estate Investment; PART III: POLICY IMPLICATIONS; 9 Chronicle of a Decline Foretold: Has China Reached the Lewis Turning Point?; 10 How Pro-Poor and Inclusive Is China's Growth? A Cross-Country Perspective; 11 De-Monopolization toward Long-Term Prosperity in China; 12 Transforming China: Insights from the Japanese Experience of the 1980's; 13 The Next Big Bang: A Road Map for Financial Reform in China; 14 Summation; Index; A; B; C; D; E; F; G; H; I; J; K; L; M; N; O; P; R; S; T; U; V; W; X |
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Sommario/riassunto |
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China's current account surplus has declined to around one-quarter the peak reached before the global financial crisis. While this is a major reduction in China's external imbalance, it has not been accompanied by a decisive shift toward consumption-based growth. Instead, the compression in its external surplus has been accomplished through increasing fixed investment so that it is now an even higher share of China's national economy. This increasing reliance on fixed investment as the main driver of China's growth raises questions about the durability of the compression in the external surplus and the sustainability of the current growth model that has had unprecedented |
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success in lifting about 500 million people out of poverty over the last three decades. This volume examines various aspects of the rebalancing process underway in China, highlighting policy lessons for achieving stable, sustainable, and inclusive growth. |
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