China's Economic Growth Slowdown: Causes, Consequences and Policy Options
During its reform era China has experienced, and become accustomed to, high rates of economic growth, and rapid jobs growth particularly in the rural collectives and, more recently, private enterprises. Strong fixed asset investment and consumer demand in conjunction with a strong growth of net exports, provided the foundations for this. However during the latter part of 1997, after four years of monetary austerity measures, there were worrying signs that the growth of the economy was slowing considerably, primarily from a weakening of consumer and investment demand.
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- Harvie, C., 1997. "Reforming China's State Owned Enterprises: What Can Be Learned From the Experiences of Other Economies in Transition?," Economics Working Papers wp97-1, School of Economics, University of Wollongong, NSW, Australia.
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