Friday, August 19, 2016

Zhang Jun — China’s Painful Structural Transformation

China's economy has slowed as it shifts from exports and investment toward domestic consumer demand. But rapid growth could return if urbanization accelerates and the authorities implement the structural reforms needed to enable emerging service sectors to thrive.
Urbanization is the key to growth and development of an economically strong "middle class" of domestic consumers.

Project Syndicate
China’s Painful Structural Transformation
Zhang Jun | Professor of Economics and Director of the China Center for Economic Studies at Fudan University, Shanghai

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