Avoiding the Fall: China's Economic Restructuring

Avoiding the Fall: China's Economic Restructuring by Michael Pettis 0870034073 9780870034077
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The days of rapid economic growth in China are over. Mounting debt and rising internal distortions mean that rebalancing is inevitable. Beijing has no choice but to take significant steps to restructure its economy. The only question is how to proceed. Michael Pettis debunks the lingering bullish expectations for Chinas economic rise and details Beijings options. The urgent task of shifting toward greater domestic consumption will come with political costs, but Beijing must increase household income and reduce its reliance on investment to avoid a fall.

Avoiding the Fall: China's Economic Restructuring

Author: Michael Pettis

Language: English

Binding: Paperback

Pages: 172

Publisher: Carnegie Endowment for Int'l Peace

Publication Date: 2013-09-24


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