How successful is China’s rebalancing

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Presentation transcript:

How successful is China’s rebalancing How successful is China’s rebalancing? And what does it mean for Developing economies? Jayati Ghosh Jawaharlal Nehru University, New Delhi Asia Future Forum, Hankyoreh Seoul, 24 November 2016

Growth related to high investment rates

Components of gdp growth

Recent investment and GDP growth

Internal vs external rebalancing In China

Income inequalities still a concern

Credit intensity in China (new credit per unit of additional gdp)

Ratio of corporate liabilities to earnings before interest and tax(%)

Non-financial corporate debt leverage ratios (ratio of liabilities to assets %)

House prices have risen most in Big metros

But in many other cities property prices are falling

Private foreign assets (capital outflows) and liabilities (capital inflows)as % of GDP

Net capital outflows (adjusted) in us $ bn

Net acquisition of foreign assets ($ bn) ODI and errors

Significance in worlD trade

Trade and current account balances as % of gdp

Steel consumption in china and other countries

Coal consumption in china and other countries

Changes in commodity imports (year on year %)

Thanks for your attention!