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Large Research Infrastructures Development in China: A Roadmap to | Hesheng Chen | Springer
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Oil and Gas Resources in China: A Roadmap to 2050
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Learn more - opens in new window or tab Seller information greatbookprices1 See all greatbookprices1 has no other items for sale. An error occurred, please try again. Like New: A book that looks new but has been read. It laid the groundwork for future growth by introducing reforms that allowed farmers to sell their produce in local markets and began the shift from collective farming to the household responsibility system. This process of market liberalization led to the establishment of China as a major global exporter. The good news for the global economy is that the authors of the NBER paper claim that the Chinese economy can continue to see relatively robust levels of growth, albeit significantly lower than we have seen over recent decades.
While the average growth rate of real GDP between has been an impressive 9. Of course, such long-range projections should be treated with a great deal of caution but the trajectory of travel is already clear — growth is slowing. For example, the numbers of people making the shift from agricultural jobs into higher value add city jobs are likely to decrease and the process of urbanization will therefore not be able to add as much to output per worker as it has done in the recent past.
Have you read? China and Greece: a tale of two crises How can China find new routes to growth? Can China tackle its debt challenge? Tomas Hirst , Editorial director and co-founder, Pieria magazine. The views expressed in this article are those of the author alone and not the World Economic Forum.
I accept. Tomas Hirst Editorial director and co-founder, Pieria magazine. How do we build a sustainableworld?
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