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The Chinese Economy: Transitions and Growth Barry Naughton
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The government is attempting a shift away from cheap exports and towards an economy fuelled by Chinese's growing ranks of consumers. In fact, the economy is already domestically driven, but it's being propped up by government investment spending – uncertain foundations even for a country as cash-rich as China – rather than consumers themselves. This represents the robustness of Chinese rural families as a cultural institution. China is making the transition from cheap exporter to a consumer-led economy. No sane American can wish China ill. Placing the volume in context, the preface pays homage to previous books that have focused on China, notably Barry Naughton's The Chinese Economy: Transitions and Growth. The country is trying to diversify its economic growth engine from purely exports to an increasingly domestic-oriented economy. The Chinese economy is undergoing a massive transition. The volume of trade misinvoicing between mainland China and the United States rose to US$72.0 billion before the financial crisis of 2008, but has declined since then, probably as a result of lower growth in bilateral trade between the countries. However, a more significant underlying cause is the fact that China's economic transition may have already started. A few points call for special attention. As the country prepares for only its second organized transfer of power since 1949 the incoming leadership Our hope remains that China's transition to a more sustainable trajectory will be measured, peaceful and as smooth as possible. Amidst increased domestic concern over inequality and corruption, GFI's study raises serious questions about the stability of the Chinese economy merely two weeks before the once-in-a-decade leadership transition. Basic unit of economic activity. Decades of rapid economic growth granted legitimacy to the Chinese Communist Party and helped minimize social unrest. Europe (i.e., Szelényi 1988), our findings share the view that in rural areas of transition economies, peasant entrepreneurship inherited from the pre-Revolutionary era The Chinese Economy: Transition and Growth. With reference to comparative economic transition, especially in Eastern.