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The Lion's Share. What's behind China's economic slowdown

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  • Guilhem Fabre

    (CECMC-CCJ - Centre d'études sur la Chine moderne et contemporaine - CCJ - Chine, Corée, Japon - EHESS - École des hautes études en sciences sociales - UPD7 - Université Paris Diderot - Paris 7 - CNRS - Centre National de la Recherche Scientifique)

Abstract

Following the global crisis, the stimulus package of 2009-2010, with its huge expansion of credit, marked the end of " Cheap China ", with the underpricing of labor, capital, land, energy and currency, and disproportionally shifted growth in favor of the public sector and real estate, the lion's share of the State-Party system. The present process of deleveraging must adress the unprecedented inequities which stem from distortions in the allocations of resources and the respective functions of the central and local governments.

Suggested Citation

  • Guilhem Fabre, 2013. "The Lion's Share. What's behind China's economic slowdown," Working Papers halshs-00874077, HAL.
    • Handle: RePEc:hal:wpaper:halshs-00874077
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00874077
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    Citations

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    Cited by:

    1. Christian Walter, 2015. "The two quantifications of the financial theory. A contribution to the critical history of financial modelling [Les deux quantifications de la théorie financière. Contribution à une histoire critiq," Working Papers halshs-01118147, HAL.
    2. Géraldine Thiry & Léa Sébastien & Tom Bauler, 2014. "Ce que révèle le discours des acteurs officiels sur un « au-delà du PIB »," Working Papers halshs-01081451, HAL.
    3. Lucas Chancel & Géraldine Thiry & Damien Demailly, 2014. "Les nouveaux indicateurs de prospérité : pour quoi faire ? Enseignements de six expériences nationales," Working Papers halshs-01060845, HAL.
    4. Guilhem Fabre, 2015. "The Lions's Share, Act 2. What's Behind China's Anti-Corruption Campaign? [La part du lion, acte 2 : Les dessous de la campagne anti-corruption en Chine]," Working Papers halshs-01143800, HAL.
    5. Christian Walter, 2015. "Jumps in financial modelling: pitting the Black-Scholes model refinement programme against the Mandelbrot programme [La modélisation des discontinuités boursières : le programme de Mandelbrot et le," Working Papers halshs-01146581, HAL.
    6. Sudip Chaudhuri, 2015. "Premature Deindustrialization in India and Re thinking the Role of Government [La désindustrialisation précoce en Inde : pour un nouveau rôle du gouvernement]," Working Papers halshs-01143795, HAL.
    7. Géraldine Thiry & Philippe Roman, 2014. "The Inclusive Wealth Index. A Sustainability Indicator, Really?," Working Papers halshs-01011250, HAL.

    More about this item

    Keywords

    China; economy; slowdown; leverage; inequalities; Chine; économie; ralentissement; endettement; inégalités;
    All these keywords.

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