China’s Economic Fluctuations and Their Implications for Its Rural Economy
Source: Carnegie Endowment for International Peace
A new report from Carnegie Endowment Senior Associate Albert Keidel finds that China’s rapid growth over the past quarter century has not been export-led but rather is driven by domestic demand, even in recent years when China’s global trade surplus has rapidly expanded. The report also concludes that China ’s management of its economic fluctuations since the 1980s has systematically disadvantaged the rural economy.
The report, which analyzes both fast-growth and slow-growth phases of China ’s rapid expansion since 1978, shows that shifts in domestic demand, and not shifts in exports, explain growth patterns.
