China’s economic slowdown fueled by a real estate bubble, excessive debt, and manufacturing overcapacity could benefit from a change of structure. China’s service sector is now a greater percent of its economy than manufacturing and construction sectors, and with some additional government spending on social services, the economy could see long-term growth.
Minxin Pei, Professor, Claremont McKenna College via CHINA US Focus http://ift.tt/164DDjU
Minxin Pei, Professor, Claremont McKenna College via CHINA US Focus http://ift.tt/164DDjU
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