China has grown rapidly since the reform initiation of the 1970s. China’s Economic Growth Prospects narrates the contribution of demographic transition to recent economic growth in China, and provides suggestions for ways in which it can sustain growth over the next few decades.
The expert author provides reasons for the economic slowdown since the second decade of the twenty-first century; explores the challenges facing China’s long-term sustainability of growth with the disappearance of demographic dividend; and proposes policy suggestions. He concludes that, in order to avoid the middle-income trap, economic growth in China must transform from an inputs-driven pattern, to a productivity-driven pattern.
Academics, researchers and students of economics and business, particularly those specialising in China, will find this book to be a useful resource. Investment bankers, journalists, politicians and policy makers will find the discussions of past experience and the future potential of the Chinese economy to be of interest.
|Publisher:||Elgar, Edward Publishing, Inc.|
|Product dimensions:||6.10(w) x 9.30(h) x 0.80(d)|
About the Author
Cai Fang, Chinese Academy of Social Sciences, China
Table of Contents
Contents: 1. At the Crossroads of Long-Term Development 2. The Development of a Dual Economy 3. The Lewis Turning Point 4. The Demographic Dividend 5. Growing Old before Getting Rich 6. The Risk of a Middle Income Trap 7. The New Engine of Economic Growth 8. Macroeconomic Policies in Transition 9. Human Capital Accumulation 10. Reducing Income Inequality 11. Labor Market Institutions and Social Protections 12. Reaping China's Reform Dividends Index