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Item Details
| Title:
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AVOIDING THE FALL
CHINA'S ECONOMIC RESTRUCTURING |
| By: |
Michael Pettis |
| Format: |
Hardback |
| List price:
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£48.95 |
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We believe that this item is permanently unavailable, and so we cannot source
it.
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| ISBN 10: |
0870034065 |
| ISBN 13: |
9780870034060 |
| Publisher: |
BROOKINGS INSTITUTION |
| Pub. date: |
1 July, 2013 |
| Pages: |
260 |
| 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. Beijing must increase household income and reduce its reliance on investment to avoid a fall. |
| 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. |
| Publication: |
US |
| Imprint: |
Carnegie Endowment for International Peace |
| Returns: |
Returnable |
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