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Structural Imbalance, Inequality and Economic Growth

Wang, Xiaolu; Zhou, Yixiao

Description

A series of structural imbalances has persisted in the Chinese economy. The consumption rate has been declining for years and has been significantly lower than the international average, while the savings rate and the capital formation rate have been too high and continue to rise. Massive investment has caused the rapid expansion of production capacity, while consumption growth cannot keep up with the expansion of capital investment and production capacity, resulting in a sustained excess...[Show more]

CollectionsANU Press (1965-Present)
Date published: 2014
Type: Book chapter
URI: http://hdl.handle.net/1885/55297
Source: Deepening Reform for China's Long-term Growth and Development
Book Title: Deepening Reform for China's Long-term Growth and Development
DOI: 10.22459/DRCLTGD.07.2014.03
Access Rights: Open Access via publisher website

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