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dc.contributor.authorWang, X.
dc.contributor.authorZhou, Yixiao
dc.contributor.editorSong, L., Garnaut, R. & Fang, C.
dc.date.accessioned2017-01-30T14:41:29Z
dc.date.available2017-01-30T14:41:29Z
dc.date.created2015-06-29T20:00:50Z
dc.date.issued2014
dc.identifier.citationWang, X. and Zhou, Y. 2014. Structural imbalance, income inequality and economic growth, in Song, L., Garnaut, R. & Fang, C. (ed), Deepening Reform for China’s Long-Term Growth and Development, pp. 51-71. Australia: ANU E Press.
dc.identifier.urihttp://hdl.handle.net/20.500.11937/40332
dc.description.abstract

A series of structural imbalances has persisted in the Chinese economy. The consumption rate has been declining for years and has been significantly lower than the international average, while the savings rate and the capital formation rate have been too high and continue to rise. Massive investment has caused the rapid expansion of production capacity, while consumption growth cannot keep up with the expansion of capital investment and production capacity, resulting in a sustained excess capacity. Without structural change, the Chinese economy will gradually lose momentum due to the deficiency of domestic demand.

dc.publisherANU E Press
dc.titleStructural imbalance, income inequality and economic growth
dc.typeBook Chapter
dcterms.source.startPage51
dcterms.source.endPage71
dcterms.source.titleDeepening Reform for China’s Long-Term Growth and Development
dcterms.source.isbn9781925021769
dcterms.source.placeAustralia
dcterms.source.chapter21
curtin.accessStatusFulltext not available


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