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The Chinese Economy: Transitions and Growth Barry Naughton
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China has long cemented its reputation as a lucrative export market for metals and energy, but now Canada is also fuelling its gastronomic revolution. The CCP is undergoing a pivotal once-in-a-decade power transition that will see its fifth generation of leaders set the future agenda for the second-largest economy in the world. The Chinese Coal Bubble - The Huffington Post. In fact, the economy is already domestically driven, but it's being propped up by government investment spending – uncertain foundations even for a country as cash-rich as China – rather than consumers themselves. Download The Chinese Economy: Transitions and Growth. The Chinese Economy: Transitions and Growth. But surely this couldn't also hold . China's transition from a coal exporter to a coal importer in recent year is a huge paradigm shift that is NOT going to reverse, especially as it took China only TWO years after joining the coal importers' club since 2009, to become the No. Contrary to the conventional wisdom that China's economic growth has been driven by exports, it is investment that actually contributes the most. The Chinese Economy: Transitions and Growth by Barry Naughton. While the country has maintained a political monopoly since its founding, the effects of China's rapid economic growth have triggered increasing social unrest and political destabilization that challenges the country's rise as a global power. Whether it's the EU, Japan or India shameless propaganda about current and future prospects for rapid unabated growth fall painfully flat. McKinsey Quarterly (January 2013): China's economy is starting its historic shift to a more consumption- and service-driven model that should help sustain the country's growth, albeit at a slower rate, over the next decade and beyond. Naughton, Barry (2007), The Chinese Economy: Transitions and Growth. China is making the transition from cheap exporter to a consumer-led economy. The government is attempting a shift away from cheap exports and towards an economy fuelled by Chinese's growing ranks of consumers.