The sustainability and some consequences of Chinese economic growth

Ross Garnaut*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

5 Citations (Scopus)

Abstract

During the past 27 years, China's economy and relationship with the outside world has been transformed. The magnitude of annual economic growth and rapid increase in the volume of output of goods and services raise unsettling questions about potential threats to the sustainability of current growth levels and implications for economic and political stability. This paper examines the sources of economic growth and concludes the strong state system, high rates of saving and investment and demographic structure will sustain growth. Chinese authorities must be aware that a failure to maintain the process of financial and political institutional reform or to address the widening regional income inequalities poses potential domestic threats to sustainable growth. Tensions remain in China's international relationships, forcing China to consider further adjustment and accommodation in its regional security and economic relationships.

Original languageEnglish
Pages (from-to)509-518
Number of pages10
JournalAustralian Journal of International Affairs
Volume59
Issue number4
DOIs
Publication statusPublished - Dec 2005

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