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China’s Economy at the Crossroads

In: Understanding China’s Real Estate Markets

Author

Listed:
  • Klaus-Jürgen Gern

    (Institut für Weltwirtschaft)

  • Philipp Hauber

    (Institut für Weltwirtschaft)

Abstract

The Chinese economy has experienced impressive growth since the late 1970s, driven by ongoing market-based reforms as well as integration into the world economy. However, growth has been biased toward the industrial sector, investment, and exports. The recent buildup of private sector debt, rising inequality, and increasing environmental problems are casting shadows over the economic outlook. The chapter discusses the roots of the growth miracle as well as complications that have arisen in recent years as a result of a more challenging international environment, imbalanced growth in the domestic economy, and limited appetite to implement further liberalization.

Suggested Citation

  • Klaus-Jürgen Gern & Philipp Hauber, 2021. "China’s Economy at the Crossroads," Management for Professionals, in: Bing Wang & Tobias Just (ed.), Understanding China’s Real Estate Markets, edition 1, pages 35-52, Springer.
    • Handle: RePEc:spr:mgmchp:978-3-030-49032-4_4
    DOI: 10.1007/978-3-030-49032-4_4
    as

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