January to April this year, the economic operation of China’s textile industry overall in slowdown trend, the growth rate of output of major products fell significantly, exports and profits were greatly affected, the...January to April this year, the economic operation of China’s textile industry overall in slowdown trend, the growth rate of output of major products fell significantly, exports and profits were greatly affected, the textile industry is facing great operating pressure. The export side, Japan, EU, U.S. textile and garment export growth has slowed down, the market展开更多
Nowadays,more than 50%of the world population live in middle-income economies.Economies in the middle-income development stage are confronted with a number of challenges,such as economic restructuring,industrial upgra...Nowadays,more than 50%of the world population live in middle-income economies.Economies in the middle-income development stage are confronted with a number of challenges,such as economic restructuring,industrial upgrade and income growth.Therefore,academia around the world have paid much attention to theoretical and empirical researches of the "middle income trap " and long-term trends of global economic growth.Based on analyses about the long-term growth path of the world economy and the characteristics of different stages of economic development,this paper defines the "middle income trap" and its characteristics and examines,through a large number of cases from different economies,the reasons why "growth slowdown " arises during the middle-income development stage.These theoretic and empirical researches have reference value and heuristic meaning for China to actively respond to the challenges of the "middle income trap ".展开更多
This paper creates an analytical framework for ongoing China's economic slowdown and reveals the major factors affecting potential growth rate. First, proceeding from the factors that led to a decline in China'...This paper creates an analytical framework for ongoing China's economic slowdown and reveals the major factors affecting potential growth rate. First, proceeding from the factors that led to a decline in China's potential growth rate, this paper demonstrates that the slowdown since 2012 is not caused by demand-side shocks but is a natural result of the demographic transition and the change of economic development stage that stemmed from supply-side factors. It is therefore suggested that the demandside perspective for cyclical analysis must be abandoned and the supply-side perspective for growth analysis ought to be followed. Secondly, this paper argues that it is theoretically unfounded and empirically unconvincing for existing literature based on the growth perspective to simply apply the statistical pattern of "regression towards the mean" to forecast China's growth outlook and thus arrive at pessimistic conclusions. On this basis, this paper identifies a host of initiatives that can significantly increase potential growth rates and proposes policy recommendations for deriving reform dividends from supply-side structural reform.展开更多
文摘January to April this year, the economic operation of China’s textile industry overall in slowdown trend, the growth rate of output of major products fell significantly, exports and profits were greatly affected, the textile industry is facing great operating pressure. The export side, Japan, EU, U.S. textile and garment export growth has slowed down, the market
文摘Nowadays,more than 50%of the world population live in middle-income economies.Economies in the middle-income development stage are confronted with a number of challenges,such as economic restructuring,industrial upgrade and income growth.Therefore,academia around the world have paid much attention to theoretical and empirical researches of the "middle income trap " and long-term trends of global economic growth.Based on analyses about the long-term growth path of the world economy and the characteristics of different stages of economic development,this paper defines the "middle income trap" and its characteristics and examines,through a large number of cases from different economies,the reasons why "growth slowdown " arises during the middle-income development stage.These theoretic and empirical researches have reference value and heuristic meaning for China to actively respond to the challenges of the "middle income trap ".
文摘This paper creates an analytical framework for ongoing China's economic slowdown and reveals the major factors affecting potential growth rate. First, proceeding from the factors that led to a decline in China's potential growth rate, this paper demonstrates that the slowdown since 2012 is not caused by demand-side shocks but is a natural result of the demographic transition and the change of economic development stage that stemmed from supply-side factors. It is therefore suggested that the demandside perspective for cyclical analysis must be abandoned and the supply-side perspective for growth analysis ought to be followed. Secondly, this paper argues that it is theoretically unfounded and empirically unconvincing for existing literature based on the growth perspective to simply apply the statistical pattern of "regression towards the mean" to forecast China's growth outlook and thus arrive at pessimistic conclusions. On this basis, this paper identifies a host of initiatives that can significantly increase potential growth rates and proposes policy recommendations for deriving reform dividends from supply-side structural reform.
