Avoiding the Fall: China's Economic Restructuring
ISBN-13:
9780870034060
ISBN-10:
0870034065
Author:
Michael Pettis
Publication date:
2013
Publisher:
Carnegie Endowment for Int'l Peace
Format:
Hardcover
172 pages
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Book details
ISBN-13:
9780870034060
ISBN-10:
0870034065
Author:
Michael Pettis
Publication date:
2013
Publisher:
Carnegie Endowment for Int'l Peace
Format:
Hardcover
172 pages
Summary
Avoiding the Fall: China's Economic Restructuring (ISBN-13: 9780870034060 and ISBN-10: 0870034065), written by authors
Michael Pettis, was published by Carnegie Endowment for Int'l Peace in 2013.
With an overall rating of 4.0 stars, it's a notable title among other
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Description
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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