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Challenges to China’s Policy: Structural Change

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  • Helmut Wagner

    (Department of Economics, FernUniversit&aauml;t in Hagen, Universit&aauml;tsstr. 41, Hagen 58084, Germany.)

Abstract

This paper focuses on the challenges China is confronted with in the context of structural change. It first shows that the service sector in China is ‘relatively small’ compared with other developed and developing countries in their historical context of structural change. Then it discusses – against the background of the experiences of former emerging economies that have, in the meantime, progressed towards ‘developed’ economies – why the service sector in China has to change. Afterwards it analyzes the challenges that China is confronted with in relation to ongoing structural change. Finally it draws some policy implications and then concludes.

Suggested Citation

  • Helmut Wagner, 2013. "Challenges to China’s Policy: Structural Change," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 55(4), pages 721-736, December.
    • Handle: RePEc:pal:compes:v:55:y:2013:i:4:p:721-736
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    Citations

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    Cited by:

    1. Linda Glawe & Helmut Wagner, 2016. "The Middle-Income Trap: Definitions, Theories and Countries Concerned—A Literature Survey," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 58(4), pages 507-538, December.
    2. Helmut Wagner, 2017. "The building up of new imbalances in China: the dilemma with ‘rebalancing’," International Economics and Economic Policy, Springer, vol. 14(4), pages 701-722, October.
    3. Wagner, Helmut, 2017. "On the (non-)sustainability of China’s development strategies," CEAMeS Discussion Paper Series 6/2017, University of Hagen, Center for East Asia Macro-economic Studies (CEAMeS).
    4. Glawe, Linda & Wagner, Helmut, 2017. "A stylized model of China’s growth since 1978," CEAMeS Discussion Paper Series 5/2017, University of Hagen, Center for East Asia Macro-economic Studies (CEAMeS), revised 2017.
    5. Murach, Michael & Wagner, Helmut, 2019. "The effects of external shocks on the business cycle in China: A structural change perspective," CEAMeS Discussion Paper Series 1/2016, University of Hagen, Center for East Asia Macro-economic Studies (CEAMeS), revised 2019.
    6. Michael Murach & Helmut Wagner, 2017. "How severe will the growth slowdown in China caused by the structural change be? An evaluation based on experiences from Japan and South Korea," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 15(3), pages 269-287, July.
    7. Koçak, Emrah & Önderol, Seyit & Khan, Kamran, 2021. "Structural change, modernization, total factor productivity, and natural resources sustainability: An assessment with quantile and non-quantile estimators," Resources Policy, Elsevier, vol. 74(C).
    8. Wagner, Helmut, 2018. "Structural change, rebalancing, and the danger of a middle-income trap in China," CEAMeS Discussion Paper Series 13/2018, University of Hagen, Center for East Asia Macro-economic Studies (CEAMeS).

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