 The Dilemmas of China’s Shift in Growth Trajectory and Economic GovernanceFinancial and Economic Review, 2017, vol. 16, issue Sepcial Issue, 21–49 Abstract: The slowdown in China’s GDP growth in recent years suggests the exhaustion of the driving forces of extensive economic growth and signals a need to switch to an intensive growth trajectory. In order to successfully orchestrate this shift, a reform of the economy’s operation is necessary, including a change in economic policy objectives in order to avoid the middle income trap. This paper analyses the changing role of the sources of economic growth and the main features of the change in the growth trajectory in the post-2010 period, and their relationships with economic governance based on the relevant domestic and international literature and statistical data, without entering into specific details. According to the author’s hypothesis, the Chinese government is prioritising the conflicting objectives of economic rationality and socio-political stability at the expense of the former Keywords: China; growth trajectory; change in economic model; structural reforms; liberalisation; foreign trade policy; middle income trap (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:mnb:finrev:v:16:y:2017:i:specialissue:p:21-49 Access Statistics for this article More articles in Financial and Economic Review from Magyar Nemzeti Bank (Central Bank of Hungary) Contact information at EDIRC. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.