The slowdown of Chinese economic growth has triggered a great deal of public debate.This paper points out that theoretical projections usually lag behind facts.Economists and policymakers should focus on the reasons a...The slowdown of Chinese economic growth has triggered a great deal of public debate.This paper points out that theoretical projections usually lag behind facts.Economists and policymakers should focus on the reasons and logic behind these projections instead of the specific numbers.In fact,many theories on the reasons for slowing Chinese economic growth are questionable.The Chinese economy will not be doomed by a reduced growth rate.If China can carry forward a new round of reforms,focus more on the accumulation of human capital,and play a more proactive role in global governance,the Chinese economy will acquire benefits from these measures and massive potential for growth will be unleashed.China is very likely to enjoy the fourth consecutive decade-maybe even longer-of strong growth.展开更多
文摘The slowdown of Chinese economic growth has triggered a great deal of public debate.This paper points out that theoretical projections usually lag behind facts.Economists and policymakers should focus on the reasons and logic behind these projections instead of the specific numbers.In fact,many theories on the reasons for slowing Chinese economic growth are questionable.The Chinese economy will not be doomed by a reduced growth rate.If China can carry forward a new round of reforms,focus more on the accumulation of human capital,and play a more proactive role in global governance,the Chinese economy will acquire benefits from these measures and massive potential for growth will be unleashed.China is very likely to enjoy the fourth consecutive decade-maybe even longer-of strong growth.
