The Chinese Economy and its Challenges: Transformation of a Rising Economic Power

The Chinese economy has undergone a remarkable transformation, but long-term risks and challenges need to be addressed to ensure sustainable success. This book explores the risks and challenges embedded in China's economic success and provides feasible solutions for addressing them. It is a valuable resource for students, academics, and policy makers.

Format: Paperback / softback
Length: 168 pages
Publication date: 13 June 2022
Publisher: Taylor & Francis Ltd

The remarkable transformation of the Chinese economy in terms of its structure and growth has captured the attention of academics, policymakers, and business leaders alike. Over the past four decades, China has undergone a profound shift from a centrally planned to a market-oriented economy, with an economic size just behind the United States and ahead of Japan. While China's economic success has been widely praised, it has also brought forth

Amidst commendations for China's economic success, offering valuable reform and growth lessons to other developing countries, underlying challenges have emerged, constituting long-term risks in shaking China's sustainable success. These challenges encompass a wide range of sectors and issues, including the rural-urban divide, state monopoly, policy loans in the banking sector, lack of skilled and sophisticated workers, environmental degradation, and more.

This book uncovers the risks and challenges embedded in China's spectacular economic success and emphasizes the importance of effective handling of these challenges to avoid falling into the middle-income trap. It is elucidated that feasible solutions are available to accommodate these risks, and the key to success lies in the willingness and ability of China's central leaders to implement further reforms.

This book is a valuable reference for undergraduate and postgraduate students, academics, and public and business policy makers who are concerned about the current status and future development of the Chinese economy.

Weight: 310g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032337357