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Avoiding the Fall : China's Economic Restructuring
by Michael Pettis


Overview -

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.  Read more...


 
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More About Avoiding the Fall by Michael Pettis
 
 
 
Overview

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.

 
Details
  • ISBN-13: 9780870034077
  • ISBN-10: 0870034073
  • Publisher: Carnegie Endowment for Intl Peace
  • Publish Date: September 2013
  • Page Count: 159


Related Categories

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