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Great China: Towards the Year 2000

In: After the Asian Crises

Author

Listed:
  • Renzo Cavalieri
  • Maria Weber

Abstract

Chinese economic growth is characterized by a complex morphology: on the one hand the average yearly growth rate is extremely high (an average of 9 per cent over the last ten years) while, on the other hand, there are wide regional imbalances and the government has been unable to tackle the reform of the state sector head on. The benefits of economic growth can clearly be seen in all the macroeconomic data: in 1978, 270 million Chinese lived below the poverty line; today the number of people living below this line has fallen sharply to about 60 million. The lower levels of poverty have had an immediate effect on life expectancy, which rose from 64 years of age in 1975 to 69 years in 1995. Growth forecasts were high until the advent of the Asian crisis. Today many wonder what repercussions the Asian financial crisis will have.

Suggested Citation

  • Renzo Cavalieri & Maria Weber, 2000. "Great China: Towards the Year 2000," Palgrave Macmillan Books, in: Maria Weber (ed.), After the Asian Crises, chapter 1, pages 3-27, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-333-98298-3_1
    DOI: 10.1057/9780333982983_1
    as

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