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Structural Change and Moderating Growth in the People’s Republic of China: Implications for Developing Asia and Beyond

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  • Asian Development Bank Institute

Abstract

The paper states that the People’s Republic of China (PRC) is currently undergoing a number of important changes, which have wide-ranging implications for activity in the PRC, the rest of developing Asia, and the world. First, demographic shifts are underway. The growth of the working age population has turned negative, and the sex ratio also peaked in 2011; declines in these key demographic indicators are associated with falling savings and growth rates. Second, there is the ongoing structural shift from industry toward services on the supply side, and from investment to consumption on the demand side

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  • Asian Development Bank Institute, 2017. "Structural Change and Moderating Growth in the People’s Republic of China: Implications for Developing Asia and Beyond," Working Papers id:11724, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:11724
    Note: Institutional Papers
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    References listed on IDEAS

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    1. Fan Zhai & Peter Morgan, 2016. "Impact of the People’s Republic of China’s Growth Slowdown on Emerging Asia: A General Equilibrium Analysis," Working Papers id:10509, eSocialSciences.
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    3. Zanias, George P., 2005. "Testing for trends in the terms of trade between primary commodities and manufactured goods," Journal of Development Economics, Elsevier, vol. 78(1), pages 49-59, October.
    4. Dabin Wang & William G. Tomek, 2007. "Commodity Prices and Unit Root Tests," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 89(4), pages 873-889.
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