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Why Has China Grown So Fast For So Long?$
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Khalid Malik

Print publication date: 2012

Print ISBN-13: 9780198078838

Published to Oxford Scholarship Online: September 2012

DOI: 10.1093/acprof:oso/9780198078838.001.0001

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Prospects for the Future

Prospects for the Future

(p.201) 6 Prospects for the Future
Why Has China Grown So Fast For So Long?

Khalid Malik

Oxford University Press

China has outwitted the other East Asian economies in terms of sustained high growth rates. This chapter looks into the question of whether China would continue to defy the laws of economic gravity and prosper in the future as well. The varied projections made in this regard are elucidated and discussed. This question is addressed by the author taking a broader perspective. Certain continuing drivers of growth, production efficiencies, and urbanization have the potential to sustain the growth process. But the Chinese economy is getting more complex and integrated into the global trade and financial systems. This would pose certain impending challenges like sustainability, social cohesion, demography, and macro policies peculiar to the Chinese economy, which need to be looked into in the near future. These challenges and the possible solutions to them are elucidated in this final chapter.

Keywords:   China, East Asia, growth, demographic dividend, Chinese economy, monetary policy, sustainability, urbanization, production efficiencies, reforms

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