Chinese overtrading

Research output: Chapter in Book/Report/Conference proceedingChapter

2 Scopus citations

Abstract

China’s greatest loss from the 2008-2010 crisis is the death of its 1986—2007 growth model. However, like a phoenix resurrected from its funeral ashes, what China metamorphoses into has the potential to be even better than its past. Section 10.1 of this chapter explains China’s 1986—2007 export-driven growth model and why the 2008—2010 crisis has killed it. Section 10.2 explains China’s short-term response to the crisis—an increase in fiscal stimulus—and produces preliminary quantitative estimates of its effectiveness. Section 10.3 explains China’s long-term response to the crisis—a switch to a domestic consumption-driven growth model—and why it could make China an even better economy. Section 10.4 concludes.

Original languageEnglish (US)
Title of host publicationTwo Asias
Subtitle of host publicationThe Emerging Postcrisis Divide
PublisherWorld Scientific Publishing Co.
Pages267-294
Number of pages28
ISBN (Electronic)9789814366274
ISBN (Print)9814366269, 9789814366267
DOIs
StatePublished - Jan 1 2011

ASJC Scopus subject areas

  • Business, Management and Accounting(all)
  • Economics, Econometrics and Finance(all)

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