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The Chinese Economy: Transitions and Growth Barry Naughton
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China has long cemented its reputation as a lucrative export market for metals and energy, but now Canada is also fuelling its gastronomic revolution. Much like the United States, China has an “all of the above” energy strategy: it plans to continue to rely on traditional sources of energy even as it makes the transition to cleaner fuels. On the side of western-style democracy stood Minxin Pei, the director of the Keck Center for International and Strategic Studies at Claremont McKenna College and author of China's Trapped Transition: The Limits of Developmental Autocracy in which Pei examines the sustainability of the Chinese On the economic front, China's growth has been driven by investments at home and exports to developed countries—trends that are not sustainable in the long run. These platform companies borrowed heavily from banks during the stimulus, financing a rapid build out of infrastructure that helped sustain economic growth despite the ongoing global turmoil. These agreements will tear down tariff and non-tariff trade barriers to American goods and services, achieve far greater transparency in China's regulatory practices, and enable the United States to benefit from the economic dynamism of Asia - the new "engine" for global growth. Donald Gross discusses China's political transition and its effect on Sino-US relations. Can China's economy keep growing despite recent slowdowns? China is making the transition from cheap exporter to a consumer-led economy. The government is attempting a shift away from cheap exports and towards an economy fuelled by Chinese's growing ranks of consumers. Recent years, it is a hot topic that if China's economy can keep growing rapidly. China's consumer-led growth means that China's economy is experiencing the transition from investment-led style. The above chart from the Wall Street Journal highlights the major change that has already taken place in the US economy as it transitions to the New Normal. Manufacturers in the United States, China and Europe struggled last month as demand fell, suggesting an ailing world economy that still needs a steady diet of central bank support. Economic reform is back on the agenda,” said Barry Naughton, author of the 2006 book “The Chinese Economy: Transitions and Growth” and a professor at the University of California at San Diego. Independent news, analysis and commentary on the world's most exciting economy . One of the key challenges facing China's new leaders will be how to keep the world's second largest economy on track. In fact, the economy is already domestically driven, but it's being propped up by government investment spending – uncertain foundations even for a country as cash-rich as China – rather than consumers themselves. Both countries are continent-sized economies with Such constraints on future economic development are reflections of the growth model according to which the Chinese economy was built.