The Chinese Economy: Transitions and Growth by Barry Naughton

The Chinese Economy: Transitions and Growth Barry Naughton ebook
Publisher:
Page: 504
ISBN: 0262140950, 9781429455343
Format: pdf

€�Conversely, exporters of agricultural products, such as According to Six, a rapid shift could cause a steeper decline in China's overall GDP and import growth rates, leading to a fall in SSA commodity exports to the country. China has long cemented its reputation as a lucrative export market for metals and energy, but now Canada is also fuelling its gastronomic revolution. The S&P's report, “For sub-Saharan Africa, China's rebalancing poses risks and opportunities”, indicated agricultural exports from Ghana stands to gain from the new China economic transition. The lights are flickering in the world's economic powerhouse. The Chinese economy is undergoing a massive transition. A few points call for special attention. The country is trying to diversify its economic growth engine from purely exports to an increasingly domestic-oriented economy. The medium-term growth projections for China and the United States, 5.5 and. Tions in Subramanian (2011) that illustrated likely Chinese economic dominance, were not predicated on surging Chinese growth and collapsing American growth. However, a more significant underlying cause is the fact that China's economic transition may have already started. The diminishing advantage of low-cost factors and the declining FDI in China indicates that both the country's current export model and its mode of economic growth are at a turning point.