Understanding China's Long-Run Growth Process and Its Implications for Canada

Michael Francis (), François Painchaud and Sylvie Morin
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Sylvie Morin: Bank of Canada, http://www.bankofcanada.ca/

Bank of Canada Review, 2005, vol. 2005, issue Spring, pages 5-17

Abstract: In the past 25 years, China has introduced numerous reforms, gradually moving from a centrally planned economy towards a socialist market economy capable of robust and sustainable economic growth. China's increasing integration into the global economy, which has been fuelled by this recent and rapid economic growth, has already begun to affect the economies of other countries and to present challenges for policy-makers, both in China and abroad. In addition to examining the determinants of China's past and current growth, the authors consider factors that are likely to support continued growth in the future and assess the implications for both the world and the Canadian economies.

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