Structural rather than cyclical factors are behind the recent China’s growthmoderation. Rather than a fall of final demand, productive capacity is expandingmore slowly. This is accompanied by a rebalancing of the Chi...Structural rather than cyclical factors are behind the recent China’s growthmoderation. Rather than a fall of final demand, productive capacity is expandingmore slowly. This is accompanied by a rebalancing of the Chinese economy,including a shift from investment to consumption, from low-skilled to high-skilledproduction, and from inflows to outflows of FDIs.展开更多
文摘Structural rather than cyclical factors are behind the recent China’s growthmoderation. Rather than a fall of final demand, productive capacity is expandingmore slowly. This is accompanied by a rebalancing of the Chinese economy,including a shift from investment to consumption, from low-skilled to high-skilledproduction, and from inflows to outflows of FDIs.
