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Avoiding the Fall

by Avoiding the Fall

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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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Product Details

  • Sep 11, 2014 Pub Date:
  • 9780870034077 ISBN-13:
  • 0870034073 ISBN-10:
  • 172.0 pages Paperback
  • English Language