Avoiding the fall
Subtitle: China's economic restructuring
By: Michael Pettis
Contributors: Carnegie Endowment for International Peace
Publisher: Carnegie Endowment for International Peace
Published: 2013
Place of publication: Washington, D.C
Language: eng
Number of pages: 159
ISBN-13: 9780870034077; 9780870034060; 9780870034084
Subjects: Economic policy; Economic conditions
Description: "The days of rapid economic growth in China are over. Mounting debt and rising internal distortions mean that rebalancing is inevitable. Beijing has no choice but to take significant steps to restructure its economy. The only question is how to proceed. Michael Pettis debunks the lingering bullish expectations for China's economic rise and details Beijing's options. The urgent task of shifting toward greater domestic consumption will come with political costs, but Beijing must increase household income and reduce its reliance on investment to avoid a fall."--P. [4] of cover.
Notes: Includes bibliographical references and index.