The sustainability of Chinese growth
Koivu, Tuuli (27.09.2004)
Numero
6/2004Julkaisija
Suomen PankkiBank of Finland
2004
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:bof-20140808124Tiivistelmä
China has experienced strong economic growth for over a quarter century.This brisk growth is expected to continue thanks to such factors as China's huge labour reserve, improvements in education levels, further integration of China into the global economy and a high savings rate, which provides China with strong potential for domestic investment.On the other hand, economic development is threatened by other trends, including widening inequality, the growing complexity of the decision-making framework and worsening of the public sector economy due to banking sector fragility and the absence of an adequate pension system.Keywords: China, economic development, growth