ebook9781137537188d4325

Description

In this book, Dr. Jun Zhang rebuts the widely-held view that Chinese economic growth is unsustainable due to low consumption and a reliance on exports and enormous fixed-asset investments. Though many believe this ‚Äústructural imbalance‚Äù of the Chinese economy will become a serious problem in the long run, Zhang holds a bullish long-term outlook owing to China’s long-term economic development.¬† For Zhang, China‚Äôs structural problems are greatly exaggerated and certain structures, such as regional governing entities, ensure that China will not face the same economic issues that Japan encountered. ¬†Through regional competition, regional governments will persevere; Zhang predicts that China will overtake the US as a superpower. Zhang concludes by acknowledging the real dangers facing China‚Äôs economy, and offering advice on the reforms needed to ensure continued growth. ¬†