The Lion's Share. What's behind China's economic slowdown

Guilhem Fabre ()
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Guilhem Fabre: CECMC-CCJ - Centre d'études sur la Chine moderne et contemporaine - CCJ - Chine, Corée, Japon - EHESS - École des hautes études en sciences sociales - UPD7 - Université Paris Diderot - Paris 7 - CNRS - Centre National de la Recherche Scientifique

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Abstract: Following the global crisis, the stimulus package of 2009-2010, with its huge expansion of credit, marked the end of " Cheap China ", with the underpricing of labor, capital, land, energy and currency, and disproportionally shifted growth in favor of the public sector and real estate, the lion's share of the State-Party system. The present process of deleveraging must adress the unprecedented inequities which stem from distortions in the allocations of resources and the respective functions of the central and local governments.

Keywords: China; economy; slowdown; leverage; inequalities; Chine; économie; ralentissement; endettement; inégalités (search for similar items in EconPapers)
Date: 2013-10-17
New Economics Papers: this item is included in nep-tra
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