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China: Economy in Transition

Listed author(s):
  • Nosov, Vasilii

    ()

    (Center for Macroeconomic Research of Sberbank of Russia)

  • Tseplyaeva, Julia

    ()

    (Center for Macroeconomic Research of Sberbank of Russia)

Registered author(s):

    China’s economy is slowing. China’s growth in the past decade has been provided by cheap labor and the investment inflow, but the possibility of extensive growth has been exhausted. The transition to consumer demand-based model of growth is slow. China has significant resources to gain private consumption, however, the consumption can become a key driver of growth only in 2030. However, the accumulated imbalances pose significant risks for the stability of transition to the new growth model. High debt of the corporate sector, People’s Bank of China’s contradictory choice of monetary policy and the hidden political risks can lead to a serious economic slowdown.

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    File URL: ftp://w82.ranepa.ru/rnp/ecopol/ep1633.pdf
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    Article provided by Russian Presidential Academy of National Economy and Public Administration in its journal Economic Policy.

    Volume (Year): 3 (2016)
    Issue (Month): (June)
    Pages: 46-55

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    Handle: RePEc:rnp:ecopol:ep1633
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