"Avoiding the Fall: China’s Economic Restructuring" by Michael Pettis | E-Axes
 

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"Avoiding the Fall: China’s Economic Restructuring" by Michael Pettis

From The Carnegie Endowment for International Peace:

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.

Michael Pettis, an expert on China’s economy, is professor of finance at Peking University’s Guanghua School of Management, where he specializes in Chinese financial markets.

Avoiding the Fall: China’s Economic Restructuring  from Amazon.com

Restructuring the Chinese Economy: Economic Distortions and the Next Decade of Chinese Growth  from Amazon.co.uk


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