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The coming fallout following China’s “condensed development model” of economic growth and the transformation of China’s mode of economic growth

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  • Shijin Liu

    (Development Research Center of the State Council)

Abstract

Starting from the comparisons of international industrialization history, we suggested that the successful successor economic entities have experienced significant economic fallouts when GDP per capita reached US$11,000 after rapid economic growth resulting from the condensed development. By learning from the international empirical evidence and by analyzing China’s potential for growth, we suggested that China will enter slow growth stage around year 2015. Therefore, the current development mode has to change in terms of growth structure and economic system.

Suggested Citation

  • Shijin Liu, 2015. "The coming fallout following China’s “condensed development model” of economic growth and the transformation of China’s mode of economic growth," China Finance and Economic Review, Springer, vol. 3(1), pages 1-9, December.
    • Handle: RePEc:spr:chfecr:v:3:y:2015:i:1:d:10.1186_s40589-015-0017-4
    DOI: 10.1186/s40589-015-0017-4
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    Cited by:

    1. repec:zbw:bofitp:2015_012 is not listed on IDEAS
    2. Niu, Linlin & Xu, Xiu & Chen, Ying, 2017. "An adaptive approach to forecasting three key macroeconomic variables for transitional China," Economic Modelling, Elsevier, vol. 66(C), pages 201-213.
    3. repec:bof:bofitp:urn:nbn:fi:bof-201504131155 is not listed on IDEAS
    4. repec:zbw:bofitp:urn:nbn:fi:bof-201504131155 is not listed on IDEAS

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