Avoiding the Fall / Najlacnejšie knihy
Avoiding the Fall

Code: 02617734

Avoiding the Fall

by Michael Pettis

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 quest ... more

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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.

Book details

Book category Knihy po anglicky Humanities History Regional & national history

14.67 €

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