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The Chinese Economy: Transitions and Growth Barry Naughton
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Naughton, Barry, 2007, The Chinese Economy Transitions and Growth, Boston, Massachusetts: MIT Press. This is rare both in China and the world. Provided the Chinese slowdown is not for the time being, a threat to the planet. Case in point: China, where labor shortages are working to slow growth in the nation's economy. On the side of western-style democracy stood Minxin Pei, the director of the Keck Center for International and Strategic Studies at Claremont McKenna College and author of China's Trapped Transition: The Limits of Developmental Autocracy in which Pei examines the sustainability of the Chinese On the economic front, China's growth has been driven by investments at home and exports to developed countries—trends that are not sustainable in the long run. Product Description This comprehensive overview of the modern Chinese economy by a noted expert on China's economic development offers a quality and breadth of coverage not found in any other English-language text. No sane American can wish China ill. €�China's growth rate has exceeded 10% while the inflation rate has been kept below 3% for four years running. Market forces always work to whatever to work toward long-term good. Ronald Coase on China's Transition to Capitalism · Ilya Somin • January In the new millennium, the Chinese economy has kept its growth momentum and become more integrated with the global economy. Emphasis on urbanisation, services and social development, and consequently also greater reliance on private consumption as a source of economic growth. Decades of rapid economic growth granted legitimacy to the Chinese Communist Party and helped minimize social unrest. Market Forces and the Chinese Economic Transition. Since its departure from Communism and the liberalization of its economy, China has experienced extremely high economic growth rates, raised hundreds of millions of people out of poverty, and has become a central component of the global economy due to its high degree of integration and essential role in the supply chain (Sachs, 2005, 165-169). €�No one can forecast with confidence the future of the Chinese economy,” he said. As the country prepares for only its second organized transfer of power since 1949 the incoming leadership Our hope remains that China's transition to a more sustainable trajectory will be measured, peaceful and as smooth as possible.