Socio-economic Disintegration: Myth and Truth

Chi Lo

Chapter 5 in Understanding China’s Growth, 2007, pp 121-149 from Palgrave Macmillan

Abstract: Abstract China’s future is doomed, according to those who see its social, economic and political structures coming apart at the seams.1 Their logic is simple – China cannot, and does not know how to, handle its structural changes. This incompetence will manifest itself in rising unemployment, falling income growth and rampant corruption. Frustrated and deprived farmers and workers would be pulled together to rise against the state. Saddled with a huge financial burden from the bankrupted state-owned enterprises (SOEs), bad banks and a big fiscal black hole, the state would not be able to respond. Systemic disintegration would follow.

Keywords: Foreign Direct Investment; Migrant Worker; Communist Party; Public Debt; Income Growth (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59120-2_6

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DOI: 10.1057/9780230591202_6

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