Rapid Economic Growth and Its Sustainability in China
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Date
2015
Authors
Akkemik, K. Ali
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Publisher
T.C. Dışişleri Bakanlığı Stratejik Araştırmalar Merkezi
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Abstract
China has recorded remarkable growth
rates for three and a half decades. Recently, the
annual growth rate has slowed down and is
projected to decline gradually to 5 % by 2030.
This article examines how high economic growth
was realized in the past and whether it can be
sustained in the future. In doing this, the paper
takes into consideration the projections about
future growth rates. The article emphasizes
that the main reason for the reduction in the
future growth rates is the unsustainability of the
currently high investment rates in the long run.
In addition, the diversification of financial
instruments for the already high savings is
important. Necessary improvements in the
financial sector are discussed in conjunction
with the long term sustainability of economic
growth rates.
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Keywords
China, Economic growth, Investment, Financial sector, Savings
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0
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Source
Volume
20
Issue
1
Start Page
133
End Page
157