The New Normal of Chinese Development

Yiping Huang; Cai Fang; Peng Xu; Gou Qin

The New Normal of Chinese Development

Yiping Huang, Cai Fang, Peng Xu, Gou Qin

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

Abstract

China’s economic performance during the reform period is sometimes described as a miracle (Lin et al 1995). Its GDP per capita increased from $220 in 1980 to $6,000 in 2012. Not only is it now the world’s second largest economy, but it also contributes at least one-third of global economic growth in recent years. China is already a major player in global markets for luxury goods, labor-intensive manufacturing exports, commodities and even foreign exchange. Many economists are optimistic that China can continue its rapid economic growth, albeit at somewhat slower pace, in the coming decades (Perkins and Rawski 2008; Lin 2011).

Original language	English
Title of host publication	China: A New Model for Growth and Development
Editors	Ross Garnaut, Cai Fang and Ligang Song
Place of Publication	Canberra
Publisher	ANU ePress
Pages	35-54
Volume	1
Edition	1st
ISBN (Print)	9781921666483
Publication status	Published - 2013

Cite this

@inbook{91c63f2007c14df99e90f50c27d47aee,

title = "The New Normal of Chinese Development",

abstract = "China{\textquoteright}s economic performance during the reform period is sometimes described as a miracle (Lin et al 1995). Its GDP per capita increased from $220 in 1980 to $6,000 in 2012. Not only is it now the world{\textquoteright}s second largest economy, but it also contributes at least one-third of global economic growth in recent years. China is already a major player in global markets for luxury goods, labor-intensive manufacturing exports, commodities and even foreign exchange. Many economists are optimistic that China can continue its rapid economic growth, albeit at somewhat slower pace, in the coming decades (Perkins and Rawski 2008; Lin 2011).",

author = "Yiping Huang and Cai Fang and Peng Xu and Gou Qin",

year = "2013",

language = "English",

isbn = "9781921666483",

volume = "1",

pages = "35--54",

editor = "{Ross Garnaut, Cai Fang and Ligang Song}",

booktitle = "China: A New Model for Growth and Development",

publisher = "ANU ePress",

edition = "1st",

}

TY - CHAP

T1 - The New Normal of Chinese Development

AU - Huang, Yiping

AU - Fang, Cai

AU - Xu, Peng

AU - Qin, Gou

PY - 2013

Y1 - 2013

N2 - China’s economic performance during the reform period is sometimes described as a miracle (Lin et al 1995). Its GDP per capita increased from $220 in 1980 to $6,000 in 2012. Not only is it now the world’s second largest economy, but it also contributes at least one-third of global economic growth in recent years. China is already a major player in global markets for luxury goods, labor-intensive manufacturing exports, commodities and even foreign exchange. Many economists are optimistic that China can continue its rapid economic growth, albeit at somewhat slower pace, in the coming decades (Perkins and Rawski 2008; Lin 2011).

AB - China’s economic performance during the reform period is sometimes described as a miracle (Lin et al 1995). Its GDP per capita increased from $220 in 1980 to $6,000 in 2012. Not only is it now the world’s second largest economy, but it also contributes at least one-third of global economic growth in recent years. China is already a major player in global markets for luxury goods, labor-intensive manufacturing exports, commodities and even foreign exchange. Many economists are optimistic that China can continue its rapid economic growth, albeit at somewhat slower pace, in the coming decades (Perkins and Rawski 2008; Lin 2011).

M3 - Chapter

SN - 9781921666483

VL - 1

SP - 35

EP - 54

BT - China: A New Model for Growth and Development

A2 - null, Ross Garnaut, Cai Fang and Ligang Song

PB - ANU ePress

CY - Canberra

ER -

The New Normal of Chinese Development

Abstract

Fingerprint

Cite this