Avoiding the Fall
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Book Overview
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.
Format:Paperback
Language:English
ISBN:0870034073
ISBN13:9780870034077
Release Date:September 2013
Publisher:Carnegie Endowment for International Peace
Length:172 Pages
Weight:0.68 lbs.
Dimensions:0.4" x 6.1" x 9.0"
Related Subjects
Business Business & Investing Economics Political Science Politics & Social SciencesCustomer Reviews
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