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China’s Economy 2018: Stabilising Slowdown to Gear up for a New Mode of Growth

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  • John WONG

Abstract

China’s economy ended 2017 with 6.9% strong growth, having successfully stabilised its gradual growth deceleration from 2012. The rebound was partly the successful outcome of macroeconomic rebalancing towards domestic demand-driven growth based on rising consumption. The general policy tone for 2018 is not so pro-growth as higher quality economic growth is preferred. To fulfil his “China Dream”, Xi Jinping has a three-stage economic roadmap for the long-term development of China’s economy. For this, China needs to cultivate new sources of economic growth and make innovation and technological progress along with furthering structural reforms.

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  • John WONG, 2018. "China’s Economy 2018: Stabilising Slowdown to Gear up for a New Mode of Growth," East Asian Policy (EAP), World Scientific Publishing Co. Pte. Ltd., vol. 10(01), pages 15-31, January.
    • Handle: RePEc:wsi:eapxxx:v:10:y:2018:i:01:n:s1793930518000028
    DOI: 10.1142/S1793930518000028
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    Cited by:

    1. Daping Zhao & Sajid Anwar & W. Robert J. Alexander, 2022. "Sources of economic slowdown: A simultaneous equations approach," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(2), pages 2549-2565, April.
    2. Toro Hardy, Alfredo, 2020. "The technological contest between China and the United States," GLO Discussion Paper Series 521, Global Labor Organization (GLO).

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