China's Economic Dynamics

Challenges Facing the Chinese Economy

Although Chinese economic growth continues strong, and although China coped very well with the recent global crisis, the Chinese economy faces many challenges, including how to sustain growth, how to rebalance the economy towards more domestic consumption, how to accommodate rising wages, growing social and regional inequality, and how to reform financial and monetary policies. This book examines the key challenges currently facing the Chinese economy. It considers China’s increasing global impact, discusses the institutional drivers of China’s economic growth, assesses critically China’s need for structural reform, and explores issues related to sustainability and human rights.