| id |
eprints-31378
|
| recordtype |
eprints
|
| institution |
SOAS, University of London
|
| collection |
SOAS Research Online
|
| language |
English
|
| language_search |
English
|
| topic |
HC Economic History and Conditions
|
| description |
Slowdown in economic growth is the defining characteristic of the ‘New Normal’ of the Chinese economy post-2008. Explanations of the slowdown have coalesced around the theses of demand deficiency and profitability decline. This paper dissects the theoretical reasoning and empirical backings of these theses, with a view of clarifying the structural-institutional conditions that underpin the economic performance. On that basis, the paper arrives at the judgement that, long term, whether or not China is able to sustain medium-speed growth or even to resume high-speed growth hinges on the rivalry between two models of economic transformation that have both been operating in the economy in recent years: namely, a production-oriented model versus a speculation-oriented model.
|
| format |
Journal Article
|
| author |
Lo, Dic
|
| author_facet |
Lo, Dic
|
| authorStr |
Lo, Dic
|
| author_letter |
Lo, Dic
|
| title |
Consideration on China’s New Normal Economic Growth
|
| publisher |
Aalborg University Press
|
| publishDate |
2018
|
| url |
https://eprints.soas.ac.uk/31378/
|
