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Chinese Industrialisation: Path Dependence and the Transition to a New Model

McKay, Huw; Song, Ligang


China�s economic structure can be characterised as both over-industrialised and under-urbanised relative to its level of income per head. Further, for such a large economy, it is highly export oriented. The design of any new growth model will need to respect these major structural legacies. The �overindustrialised� assessment reflects a high proportion of secondary activity in gross value added relative to its peers; and the under-urbanised assessment reflects the fact that the policy framework...[Show more]

CollectionsANU Press (1965-Present)
Date published: 2013
Type: Book chapter
Source: China: A New Model for Growth and Development
Access Rights: Open Access via publisher website


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