Summary of Debunking the Myth of China’s Coming Productivity Bust

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Debunking the Myth of China’s Coming Productivity Bust summary
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Has the Chinese bubble burst? Many investors believe that China’s days of astounding growth have drawn to a close. The evidence seems bountiful – declining exports, an aging population and soaring wages that are sapping the country of its competitive advantage. In this succinct overview, professor James Woudhuysen concludes that it’s too soon to write the obituary of China’s economic miracle. He notes that increases in Chinese labor productivity have outpaced those of other developed nations. He also asserts that, because of its underinvestment in technology, China is just in the early stages of economic growth. getAbstract recommends this eye-opening report to investors and policy makers seeking a fresh analysis of the world’s second-largest economy.

In this summary, you will learn

  • Why China’s grim economic data seem to point to a slowdown and
  • Why China’s economy still has a way to go.
 

About the Author

James Woudhuysen is a professor at De Montfort University in Leicester, the United Kingdom.

 

Summary

It’s easy to believe that China’s economic boom is over. Pessimists need look no further than the empty homes and unused airports erected during its building boom, futile projects that provide ample evidence of mismanagement. Even its own National Development and Reform Commission admits that “nearly...

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