03747nam 22006611 450 991045333460332120200520144314.01-4843-6385-X1-4843-2193-61-4843-7282-4(CKB)2550000001165227(EBL)1587908(SSID)ssj0001154378(PQKBManifestationID)11775650(PQKBTitleCode)TC0001154378(PQKBWorkID)11163131(PQKB)10254853(MiAaPQ)EBC1587908(Au-PeEL)EBL1587908(CaPaEBR)ebr10810837(CaONFJC)MIL546501(OCoLC)867928042(EXLCZ)99255000000116522720131220h20132013 uy 0engurcnu||||||||txtccrChina's economy in transition from external to internal rebalancing /edited by Anoop Singh, Malhar Nabar, and Papa N'DiayeWashington, D.C. :International Monetary Fund,[2013]©20131 online resource (293 p.)Description based upon print version of record.1-4843-0393-8 1-306-15250-X Includes bibliographical references and index.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 China7 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; XChina'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 externalGlobalizationEconomic aspectsChinaGlobalizationPolitical aspectsChinaExportsChinaChinaEconomic conditionsElectronic books.GlobalizationEconomic aspectsGlobalizationPolitical aspectsExportsSingh Anoop871538Nabar Malhar893583Ndiaye Papa Moussa893584MiAaPQMiAaPQMiAaPQBOOK9910453334603321China's economy in transition1996123UNINA