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Opportunity for Structural Changes

In: China After the Subprime Crisis

Author

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  • Chi Lo

Abstract

China’s economic restructuring effort had started even before the global credit quake. The subprime debacle just puts these structural shifts in the spotlight and highlights the urgency of Beijing’s rebalancing effort. The success of any structural shift in China’s growth model will ensure China’s long-term growth sustainability and provide a strong underpinning for Chinese asset values and investment returns. With a large, urbanising population1 that is growing rich, financial liberalisation will help unleash huge consumption power in the years to come, giving rise to significant economic growth investment opportunities. Contrary to common perception, there are initial signs that Beijing’s ‘expenditure-switching’ development strategy might be yielding results, with the growth in the export and investment segments slowing down while consumption growth is rising. Investment also seems to be shifting from the rich eastern seaboard to the less developed central and western regions.

Suggested Citation

  • Chi Lo, 2010. "Opportunity for Structural Changes," Palgrave Macmillan Books, in: China After the Subprime Crisis, chapter 8, pages 123-137, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-29896-5_9
    DOI: 10.1057/9780230298965_9
    as

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