The No1 Ethical retailer for Books, CD’s, DVD’s & Games
30 Day Refund Guarantee

Restructuring the Chinese Economy: Economic Distortions and the Next Decade of Chinese Growth: China's Economic Restructuring

Restructuring the Chinese Economy: Economic Distortions and the Next Decade of Chinese Growth: China's Economic Restructuring

by Michael Pettis (Author)

  • New

    Paperback 2013

    $17.18
Synopsis

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.

$17.18

Save:$0.96 (5%)

Quantity

10 in stock

More Information

Format: Paperback
 Pages: 260
 Publisher: Brookings Institution Press
Published: 30 Jul 2013
ISBN 10: 0870034073
ISBN 13: 9780870034077

Media Reviews
A fascinating and provocative read for anyone interested in China's economy. --J.C. de Swaan, Lecturer in Economics, Princeton University, and Principal, Cornwall Capital Insightful and compellingly argued, this well-timed book is a valuable key to understanding why the engine that propelled China's thirty-year ascent is now threatened with power failure. --Guy de Jonquieres, Senior Fellow, European Centre for International Political Economy Can China make it past the middle-income trap? Having lived and taught in Beijing for more than a decade, Pettis is uniquely qualified to address this and many other key issues. Don't miss this book. --Arminio Fraga Neto, Former President, Central Bank of Brazil
Author Bio
Michael Pettis is a senior associate in the Carnegie Asia Program. An expert on China's economy, Pettis is a professor of finance at Peking University's Guanghua School of Management, China where he specializes in Chinese financial markets.