Avoiding the Fall by Michael Pettis
The days of rapid economic growth in China are over. Mounting debt and rising internal distortions mean that rebalancing is inevitable. Beijing has no choice but to take significant steps to restructure its economy. The only question is how to proceed.
Michael Pettis debunks the lingering bullish expectations for China's economic rise and details Beijing's options. The urgent task of shifting toward greater domestic consumption will come with political costs, but Beijing must increase household income and reduce its reliance on investment to avoid a fall.
| SKU | Unavailable |
| ISBN 13 | 9780870034077 |
| ISBN 10 | 0870034073 |
| Title | Avoiding the Fall |
| Author | Michael Pettis |
| Condition | Unavailable |
| Binding Type | Paperback |
| Publisher | Brookings Institution |
| Year published | 2013-09-30 |
| Number of pages | 260 |
| Cover note | Book picture is for illustrative purposes only, actual binding, cover or edition may vary. |
| Note | Unavailable |