Restructuring the Chinese Economy: Economic Distortions and the Next Decade of Chinese Growth: China's Economic Restructuring - Softcover

Michael Pettis

 
9780870034077: Restructuring the Chinese Economy: Economic Distortions and the Next Decade of Chinese Growth: China's Economic Restructuring
Softcover
ISBN 10: 0870034073 ISBN 13: 9780870034077
Publisher: Brookings Institution Press, 2013

Synopsis

The days of rapid economic growth in China are over. Mounting debt and rising internal distortions mean that rebalancing is inevitable. Beijing has no choice but to take significant steps to restructure its economy. The only question is how to proceed. Michael Pettis debunks the lingering bullish expectations for China's economic rise and details Beijing's options. The urgent task of shifting toward greater domestic consumption will come with political costs, but Beijing must increase household income and reduce its reliance on investment to avoid a fall.

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About the Author

Michael Pettis is a senior associate in the Carnegie Asia Program, based in Beijing. An expert on China's economy, Pettis is professor of finance at Peking University's Guanghua School of Management, where he specializes in Chinese financial markets. He is a member of the Institute of Latin American Studies Advisory Board at Columbia University as well as the Dean's Advisory Board at the School of Public and International Affairs. He is the author of several books, including The Volatility Machine: Emerging Economies and the Threat of Financial Collapse (Oxford University Press, 2001).

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Publisher
Brookings Institution Press
Publication date
2013
Language
English
ISBN 10 
0870034073
ISBN 13 
9780870034077
Binding
Paperback
Number of pages
260