China: The Road to Sustainable Growth
China has undergone a breathtaking economic and social transformation during the past three decades. Even though the global economic crisis put a dent in exports, a massive government stimulus cushioned the Chinese economy from the worst of the downturn. Through spending on roads, infrastructure, and health, the government supported the country's economic output, helping the country sustain its growth rate.
Yet many challenges still lie ahead on the road to prosperity. For instance, China needs to boost domestic consumption and create a stronger social safety net for its 1.3 billion people.
"China has grown about 9½ percent on average every year for 30 years, and that implies that the Chinese economy doubles in size about every 8 years."
-Linda Yueh, Oxford University
Видео China: The Road to Sustainable Growth канала IMF
Yet many challenges still lie ahead on the road to prosperity. For instance, China needs to boost domestic consumption and create a stronger social safety net for its 1.3 billion people.
"China has grown about 9½ percent on average every year for 30 years, and that implies that the Chinese economy doubles in size about every 8 years."
-Linda Yueh, Oxford University
Видео China: The Road to Sustainable Growth канала IMF
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