Posted by: anotherworldip | 07/28/2013

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All signs point to an economic slowdown in China as the country’s leadership attempts to move from export-led growth to a more sustainable long-term economic model. Read Project Syndicate‘s experts on the implications – domestic, regional, and global – of a slowdown in the world’s second-largest economy.

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Trouble in Emerging-Market Paradise

Nouriel Roubini: “China’s slowdown reflects an economic model that is, as former Premier Wen Jiabao put it, ‘unstable, unbalanced, uncoordinated, and unsustainable,’ and that now is adversely affecting growth in emerging Asia and in commodity-exporting emerging markets globally.” [READ MORE]

China’s End of Exuberance

Michael Spence: “More inclusive growth in China depends on the completion of the urbanization process that underpins the creation of a modern economy; addressing corruption and unequal access to market opportunities; and aggressively mitigating well-known and serious environmental problems.” [READ MORE]

China Grows Down

Andrew Sheng: “China must shift its focus from meeting GDP growth targets to creating an environment that fosters innovation and competition, thereby enabling market forces to set prices and allocate resources more effectively.” [READ MORE]

The Politics of a Slowing China

Minkin Pei: “The current Chinese system is a gigantic rent-distributing mechanism. The ruling elites have learned to live with each other not through shared beliefs, values, or rules, but by carving up the spoils of economic development.” [*READ MORE*]


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