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Catching Up?

Lu Aiguo
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Lu Aiguo: Chinese Academy of Social Sciences

Chapter 13 in China and the Global Economy Since 1840, 2000, pp 162-171 from Palgrave Macmillan

Abstract: Abstract Since the onset of reform, the Chinese economy has enjoyed unusually rapid growth. Some observers are even talking of another Asian ‘economic miracle’ in the making. The high GDP growth rate over a period of nearly 20 years reflects a tremendous level of sustained industrial expansion. Unlike most other transition economies, China has not been plagued by a lack of growth. On the contrary, it has sometimes had difficulty coping with the speed of growth. Several times, the government has had to take measures to allow the economy to cool down.

Keywords: Capita Income; Rich Country; Purchase Power Parity; Market Exchange Rate; Rich Quintile (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-62440-9_14

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DOI: 10.1007/978-1-349-62440-9_14

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