Title:	Understanding China's growth: Forces that drive China's economic future
Authors:	Chi Lo
Keywords:	Regional Development
Issue Date:	2007
Publisher:	Palgrave
Description:	China has come a long way in lifting itself out of poverty since late paramount leader Deng Xiao-ping started economic reforms in 1978. Structural changes have transformed the Middle Kingdom into an economic powerhouse in recent years. After over 20 years of economic reform, China’s development has come to a crossroads. The easy part of reforming the primitive economy has been done. Cross-currents affecting future structural changes are getting stronger and political and economic forces that shape future reforms are getting more complicated. Generally, China observers have agreed that the country faces significant challenges from a fragile banking system, rising unemployment, a large public debt/deficit overhang, an inefficient state sector and serious corruption. All these cause difficulties to future economic reforms and disrupt social harmony. However, they see quite different paths into which China would develop, as there is always evidence for supporting the most contradictory arguments. The imperfection of the Chinese data does not help in clarifying the issues.
URI:	http://10.6.20.12:80/handle/123456789/27426
ISBN:	978–0–230–51557–4
Appears in Collections:	Regional and Local Development Studies

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