China’s Growth Transition: Challenges and Global Adjustments
China’s transition will require a combination of reforms to sustain growth and manage inequality. It will similarly require engaging the rest of the world in terms of economic and political cooperation. What are these specific challenges, and what policy options exist to secure a stable economic and political future in the region?
China’s continued growth has generated a 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, new challenges are emerging both for China and the world economy.
This research group is focused on the economic and political challenges arising from China’s rise.
Examples include:
- The need for economic reforms and whether China can avoid the middle-income trap
- Understanding how China can manage a transition to a more domestic consumer and service-oriented economy, with high productivity and incomes
- The implications of China’s slowing growth for the world economy in terms of commodity prices, inequality, trade, and capital markets, and economic security.
The 2016 workshop focused on the challenges that have arisen from China’s growth prospects and their global implications.
- 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?
- 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?
The group works to further global engagement on understanding these challenges through developing an international network of researchers and fostering ongoing research collaboration.