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China's Economy in Transition: From External to Internal Rebalancing

Mr. Anoop Singh, Mr. Malhar Nabar, Mr. Papa M N'Diaye




[PDF.gv17] China's Economy in Transition: From External to Internal Rebalancing

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 | #1911403 in eBooks |  2013-11-07 |  2013-11-07 | File type: PDF

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China’s current account surplus has declined to around one-quarter the peak reached before the global financial crisis. While this is a major reduction in China’s external imbalance, it has not been accompanied by a decisive shift toward consumption-based growth. Instead, the compression in its external surplus has been accomplished through increasing fixed investment so that it is now an even higher share of China’s national economy. This increasing re...

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