China and the Global Economy
As a result of the extraordinary performance in the past 20 years, China's status in the global economy has dramatically changed. In this article, I reflect on China's unprecedented growth, examine the reasons for that growth, and discuss promising prospects for the Chinese economy to main...
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| Format: | Journal Article |
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Taylor and Francis
2013
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| Online Access: | http://hdl.handle.net/10986/13325 |
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okr-10986-133252021-04-23T14:03:07Z China and the Global Economy Lin, Justin Yifu growth multi-polar growth imbalances As a result of the extraordinary performance in the past 20 years, China's status in the global economy has dramatically changed. In this article, I reflect on China's unprecedented growth, examine the reasons for that growth, and discuss promising prospects for the Chinese economy to maintain an 8% annual growth rate in the coming two decades. Although to maintain that growth rate, China will definitely encounter many challenges – both internally and externally. The twenty-first century has witnessed the emergence of a multi-polar growth world, with many of the new growth poles being emerging market economies. China has become the top contributor to global GDP growth in the decade of 2000–2009. If China copes appropriately with its challenges and deepens its structural reforms, it has the potential to continue its role as a leading power in supporting a multi-polar global economic architecture that benefits both developing and high-income countries in various ways. 2013-05-07T20:31:10Z 2013-05-07T20:31:10Z 2011-10-07 Journal Article China Economic Journal 1753-8963 http://hdl.handle.net/10986/13325 en_US China Economic Journal;4(1) http://creativecommons.org/licenses/by-nc-nd/3.0/igo CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ World Bank Taylor and Francis Journal Article China |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
en_US |
| topic |
growth multi-polar growth imbalances |
| spellingShingle |
growth multi-polar growth imbalances Lin, Justin Yifu China and the Global Economy |
| geographic_facet |
China |
| relation |
China Economic Journal;4(1) |
| description |
As a result of the extraordinary performance in the past 20 years, China's status in the global economy has dramatically changed. In this article, I reflect on China's unprecedented growth, examine the reasons for that growth, and discuss promising prospects for the Chinese economy to maintain an 8% annual growth rate in the coming two decades. Although to maintain that growth rate, China will definitely encounter many challenges – both internally and externally. The twenty-first century has witnessed the emergence of a multi-polar growth world, with many of the new growth poles being emerging market economies. China has become the top contributor to global GDP growth in the decade of 2000–2009. If China copes appropriately with its challenges and deepens its structural reforms, it has the potential to continue its role as a leading power in supporting a multi-polar global economic architecture that benefits both developing and high-income countries in various ways. |
| format |
Journal Article |
| author |
Lin, Justin Yifu |
| author_facet |
Lin, Justin Yifu |
| author_sort |
Lin, Justin Yifu |
| title |
China and the Global Economy |
| title_short |
China and the Global Economy |
| title_full |
China and the Global Economy |
| title_fullStr |
China and the Global Economy |
| title_full_unstemmed |
China and the Global Economy |
| title_sort |
china and the global economy |
| publisher |
Taylor and Francis |
| publishDate |
2013 |
| url |
http://hdl.handle.net/10986/13325 |
| _version_ |
1764423196437643264 |