07121oam 22016454 450 991097464320332120250426110738.09781484363850148436385X9781484321935148432193697814843728211484372824(CKB)2550000001165227(EBL)1587908(SSID)ssj0001154378(PQKBManifestationID)11775650(PQKBTitleCode)TC0001154378(PQKBWorkID)11163131(PQKB)10254853(Au-PeEL)EBL1587908(CaPaEBR)ebr10810837(CaONFJC)MIL546501(OCoLC)867928042(IMF)CETEDEF(IMF)CETEDEA(MiAaPQ)EBC1587908(Perlego)1667492CETEDEA(EXLCZ)99255000000116522720020129d2013 uf 0engurcnu||||||||txtccrChina's Economy in Transition : From External to Internal Rebalancing /Anoop Singh, Malhar Nabar, Papa N'Diaye1st ed.Washington, D.C. :International Monetary Fund,2013.1 online resource (293 p.)Description based upon print version of record.9781484303931 1484303938 9781306152501 130615250X 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 external surplus and the sustainability of the current growth model that has had unprecedented 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.BooksGlobalizationEconomic aspectsChinaGlobalizationPolitical aspectsChinaExportsChinaBanks and BankingimfExports and ImportsimfLaborimfMacroeconomicsimfProduction and Operations ManagementimfAggregate Factor Income DistributionimfLabor Economics: GeneralimfInterest Rates: Determination, Term Structure, and EffectsimfPersonal Income, Wealth, and Their DistributionsimfTrade: GeneralimfDemand and Supply of Labor: GeneralimfProductionimfCostimfCapital and Total Factor ProductivityimfCapacityimfLabourimfincome economicsimfInternational economicsimfFinanceimfBankingimfCurrencyimfForeign exchangeimfReal interest ratesimfPersonal incomeimfIncomeimfTotal factor productivityimfFinancial servicesimfNational accountsimfLabor supplyimfExportsimfInternational tradeimfLabor economicsimfInterest ratesimfIndustrial productivityimfLabor marketimfIncome economicsimfChinaEconomic conditionsChina, People's Republic ofimfGlobalizationEconomic aspectsGlobalizationPolitical aspectsExportsBanks and BankingExports and ImportsLaborMacroeconomicsProduction and Operations ManagementAggregate Factor Income DistributionLabor Economics: GeneralInterest Rates: Determination, Term Structure, and EffectsPersonal Income, Wealth, and Their DistributionsTrade: GeneralDemand and Supply of Labor: GeneralProductionCostCapital and Total Factor ProductivityCapacityLabourincome economicsInternational economicsFinanceBankingCurrencyForeign exchangeReal interest ratesPersonal incomeIncomeTotal factor productivityFinancial servicesNational accountsLabor supplyExportsInternational tradeLabor economicsInterest ratesIndustrial productivityLabor marketIncome economics338.12489Singh Anoop1813638N'Diaye Papa1813639Nabar Malhar1813640International Monetary Fund.DcWaIMFBOOK9910974643203321China's Economy in Transition4366924UNINA