China’s economy is growing, but not at the torrid double-digit annual pace that it had maintained since the 1980s. A shift in the dynamics behind such growth away from exports, manufacturing and investment and toward domestic spending, services and consumption underpins that deceleration. The Chinese economy will benefit in the longer term, as it adjusts to a new level of sustainable growth. This authoritative analysis from the World Bank is accessible more to the specialist than to the lay reader. Thus, getAbstract recommends it to those well versed in economic policy.
In this summary, you will learn
- Why China’s economy is slowing down,
- What long-term benefits such a moderation brings and
- What the future holds for the Chinese economy.
About the Author
The World Bank provides financial and technical assistance to developing countries.