Arbeitspapier
China: Understanding a new global economic player
This paper analyzes China's economic performance in the last 25 years and discusses its prospect for growth in the future. China has enjoyed high annual GDP growth rates of about ten percent in the last 25 years. Exports and investment were the two driving forces of the growth process. FDI plays an important role. However, property rights, a crucial element in transforming a communist society, are far from being clearly developed. Structural issues such as the state-owned firms and the loss-making of the banking industry have to be solved. Monetary policy is complicated by the accumulation of reserves. Major policy issues in the future include the institutional deficit, especially with respect to the rule of law and the lack of democracy.
- Sprache
-
Englisch
- Erschienen in
-
Series: Kiel Working Paper ; No. 1278
- Klassifikation
-
Wirtschaft
Trade: General
Economic Growth of Open Economies
- Thema
-
FDI
Developing countries
Transformation
Exchange rate policy
Property rights
Future scenarios
Growth process
Wirtschaftswachstum
Exportinduziertes Wachstum
Direktinvestition
Investition
Eigentumsrecht
Wirtschaftspolitik
Wechselkurspolitik
Systemtransformation
China
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Siebert, Horst
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute for the World Economy (IfW)
- (wo)
-
Kiel
- (wann)
-
2006
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Siebert, Horst
- Kiel Institute for the World Economy (IfW)
Entstanden
- 2006
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