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    The Chinese Economy, Past, Present and Future

    Access Status
    Fulltext not available
    Authors
    Claus, I.
    Oxley, Leslie
    Date
    2015
    Type
    Book Chapter
    
    Metadata
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    Citation
    Claus, I. and Oxley, L. 2015. The Chinese Economy, Past, Present and Future, in Claus, I. and Oxley, L. (eds), China's Economy: A Collection of Surveys, pp. 1-6. Chichester, UK: John Wiley & Sons Ltd.
    Source Title
    China's Economy: A Collection of Surveys
    DOI
    10.1002/9781118982433.ch1
    ISBN
    9781118982433
    School
    School of Economics and Finance
    URI
    http://hdl.handle.net/20.500.11937/53138
    Collection
    • Curtin Research Publications
    Abstract

    China's rapid economic growth and development was reinforced by industrialization, mainly driven by export-oriented and labor-intensive industries in Eastern China's coastal cities, and urbanization. China's industrialization has also occurred in an economy with a relatively low level and growth rate of informatization and the extent to which China is becoming information based lags behind other countries. This chapter reviews nine up-to-date surveys that discusses some key aspects of the Chinese economy, past, present and future. They survey the present and future challenges of the Chinese economy, based upon a rich (ancient) past, yet contested (recent) history, and identify some common themes, such as the household registration system, urbanization, demographic transition, inequality and the sustainability of economic growth. China's economic growth over the past decades has been spurred largely by economies of scale in labor-intensive industries rather than through invention and innovation.

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