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Book 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. Beijing must increase household income and reduce its reliance on investment to avoid a fall.

Restructuring the Chinese Economy Economic Distortions and the Next Decade of Chinese Growth Chinas Economic Restructuring

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    A Paperback by Michael Pettis

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      View other formats and editions of Restructuring the Chinese Economy Economic Distortions and the Next Decade of Chinese Growth Chinas Economic Restructuring by Michael Pettis

      Publisher: Brookings Institution Press
      Publication Date: 9/30/2013
      ISBN13: 9780870034077, 978-0870034077
      ISBN10: 0870034073

      Description

      Book 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. Beijing must increase household income and reduce its reliance on investment to avoid a fall.

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