Code: 02617734

Avoiding the Fall

Name: Avoiding the Fall
Brand: Brookings Institution
SKU: 02617734
Price: 14.79 EUR
Availability: InStock
Author: Michael Pettis
ISBN: 9780870034077

by Michael Pettis

Language: English
Binding: Paperback
Number of pages: 172
Publisher: Brookings Institution, 2013
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14.79 €

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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. 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.