Journal ArticleDOI
What is Slowing Growth in China
Reads0
Chats0
TLDR
A small part of the slowdown of growth in China in the recent decade may be due to the decline in population growth, but the major factor contributing to China’s growth slowdown has been the reversal of earlier policies resulting in foreign exchange reserve accumulation.Abstract:
A small part of the slowdown of growth in China in the recent decade may be due to the decline in population growth. The major factor contributing to China’s growth slowdown has been the reversal of earlier policies resulting in foreign exchange reserve accumulation. The resulting pressure for the currency to appreciate undermined the international competitiveness of Chinese exports. This has led to the decline in China’s export/GDP and investment/GDP ratios besides reorienting growth towards domestic consumption, thus also reducing household savings.read more
Citations
More filters
Journal ArticleDOI
Exchange Rate Undervaluation and Growth in China
TL;DR: The widely held belief that China’s undervalued exchange rate has been crucial to its rapid industrialization and economic growth over the last four decades is critically qualified and nuanced.
Book ChapterDOI
The Political and Economic Consequences of COVID-19 for China
TL;DR: The consequences of COVID-19 for China have been described by some authors as potentially existential for the Chinese Communist Party, either through internal political or via economic channels as discussed by the authors, but the weight of the existing evidence about Chinese regime strength should have made it clear that this outcome (regime change) was unlikely.
Posted Content
Global imbalances: an unconventional view
TL;DR: In this paper, the authors argue that maintaining today's global imbalances would help to overcome the major disproportion of our times -income gap between developed and developing countries, and that the chances to close this gap sooner rather than later would be better, if the West would go into debt, allowing developing countries to have trade surpluses that would help them develop faster.
References
More filters
Journal ArticleDOI
Global imbalances: an unconventional view
TL;DR: In this article, the authors argue that maintaining today's global imbalances would help to overcome the major disproportion of our times - income gap between developed and developing countries, and that the chances to close this gap sooner rather than later would be better, if the West would go into debt, allowing developing countries to have trade surpluses that would help them develop faster.