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Group 6 Rafael Ramos Codeço /Catherine Chien / Paul Yu 29th Academy of International Economic Affairs, MOEA.
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What do We mean with China Economic Rembalancing? Current sources of chinese Growth Effects of the rebalancing 2020 China
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Concept: Change the country’s growth strategy by rebalancing the sources of the economy growth; Current sources of Chinese Growth Next time’s Sources Infra-structure investmentDomestic consumption Export-led developmentBoost wages Undervalued currency Low wages Low interest rate
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Decreasing demand of metallic commodities; Increasing demand of goods related with consume (food, tele-communication equip ); International Competitors can take advantage (automotive products, transport equip, electrical equip, textile.)
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Decrease Exports ( what will hurt some industries ); Increase Consumption (what will benefit some industries) ; Decrease Social Inequality;
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1.The second largest economy in the world 2.Middle-income countries. 3.GDP 5% in 2020.
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Increase of the workforce-- labour from agriculture to industry. Narrowed its technology gap with other countries, reducing the scope for one- shot productivity gains. State-owned enterprises turns into some forms of company(if successes)
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Government's withdrawal: from direct involvement in the economy and the extending and deepening of markets. Financial integration Any other areas:Education, Health, Pensions, Infrastructure development, and Protection of the Environment.
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To Be Continued
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