End of Hyper Growth in China?

End of Hyper Growth in China?

Author
Jun Zhang (auth.)
Publisher
Palgrave Macmillan US
Language
English
Edition
1
Year
2016
Page
XIX, 187
ISBN
978-1-137-53717-1,978-1-137-53718-8
File Type
pdf
File Size
3.0 MiB

In this book, Dr. Jun Zhang rebuts the widely-held view that Chinese economic growth is unsustainable due to low consumption and a reliance on exports and enormous fixed-asset investments. Though many believe this “structural imbalance” of the Chinese economy will become a serious problem in the long run, Zhang holds a bullish long-term outlook owing to China's long-term economic development.
For Zhang, China’s structural problems are greatly exaggerated and certain structures, such as regional governing entities, ensure that China will not face the same economic issues that Japan encountered. Through regional competition, regional governments will persevere; Zhang predicts that China will overtake the US as a superpower. Zhang concludes by acknowledging the real dangers facing China’s economy, and offering advice on the reforms needed to ensure continued growth.

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