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The Chinese Economy: Transitions and Growth Barry Naughton
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He feels that the US downgrade may lead to an acceleration of the economic transition in China. €�China's growth rate has exceeded 10% while the inflation rate has been kept below 3% for four years running. The Chinese economy is undergoing a massive transition. While these high savings have undoubtedly been good for China's economic growth, they have not necessarily been good for the global economy: the excess of domestic savings over investment has fuelled China's current account surpluses and the United States' current account deficits, leading Jane Golley is an economist focused on a range of Chinese transition and development issues and an Adjunct Director of the Australian Centre on China in the World. This is rare both in China and the world. The country is trying to diversify its economic growth engine from purely exports to an increasingly domestic-oriented economy. On 11 July 2013, the China Economy Program within the Crawford School, in collaboration with the Rio Tinto–ANU China Partnership, will present the thirteenth China Update. Manufacturers in the United States, China and Europe struggled last month as demand fell, suggesting an ailing world economy that still needs a steady diet of central bank support. The slowdown is expected as the China's economy is in transition and growth of 10 percent is not likely to be seen as the country is shifting from a low-income nation to a middle-income one. China's consumer-led growth means that China's economy is experiencing the transition from investment-led style. A new model and strategy for long-term growth and development; China's industrialization and the transition to a new model; Green growth in China; China's energy policy challenges and climate change practices. Recent years, it is a hot topic that if China's economy can keep growing rapidly. New Model for Growth and Development.