China’s Growth Transition: Challenges and Global Adjustments
China’s continued growth has generated an historically unprecedented reduction in global poverty, and real income growth for the World Economy. But it has also reshaped the geography of world manufacturing trade; raised the pressure on natural resources and transformed world political and strategic priorities. As China’s growth slows, however, new challenges are emerging both for China and the world economy.
The workshop will focus on the challenges that arise from China’s growth prospects and their global implications.
(i) Can China continue reforms and avoid the middle income trap and manage a transition to a more domestic consumer and service oriented economy, with high productivity and incomes.
(ii) What are the macroeconomic implications of China’s slowing growth for the world economy in terms of commodity prices, inequality, trade and capital markets and economic security.