Mon premier blog

The Chinese Economy: Transitions and Growth Barry Naughton
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Economic growth hopefully will bring more freedom to China's people. This nation, together with Founded in 2003, Post Carbon Institute is leading the transition to a more resilient, equitable, and sustainable world. Starting with the opening of agriculture to private incentives in the late 1970s, China has experienced faster and more prolonged economic growth than any other country. As Chinese data continues to deteriorate, housing continues to show weakness and bad debts rise, some take solace in the fact that this is all part of China's plan to rebalance its economy and cool growth. In a mere three decades China has moved from a to Germany (1.28%/ year). China is likely the site of world economic growth's last stand. At a minimum it'll allow more of its citizens to buy widgets that help them get around the Great Firewall. If China is able to implement a smooth transition to the democracy (that did not occured in the USSR), i predict that china will attain the "technological frontier" somewhere near the year 2050. The slowdown is expected as the China's economy is in transition and growth of 10 percent is not likely to be seen as the country is shifting from a low-income nation to a middle-income one. In a paper, Li Zuojun, deputy director at the Development Research Center of the State Council (DRC) writes that after 30 years of rapid growth, China is beginning to restructure.