China's Economic Growth Slowdown: Causes, Consequences and Policy Options

C. Harvie ()
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C. Harvie: University of Wollongong, http://business.uow.edu.au/econ/who/index.html

Economics Working Papers from School of Economics, University of Wollongong, NSW, Australia

Abstract: During its reform era China has experienced, and become accustomed to, high rates of economic growth, and rapid jobs growth particularly in the rural collectives and, more recently, private enterprises. Strong fixed asset investment and consumer demand in conjunction with a strong growth of net exports, provided the foundations for this. However during the latter part of 1997, after four years of monetary austerity measures, there were worrying signs that the growth of the economy was slowing considerably, primarily from a weakening of consumer and investment demand.

Keywords: ECONOMIC REFORM; ECONOMIC GROWTH (search for similar items in EconPapers)
JEL-codes: N15 O53 (search for similar items in EconPapers)
Pages: 43 pages
Date: 1999
New Economics Papers: this item is included in nep-dev and nep-sea
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