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The Chinese Economy: Transitions and Growth Barry Naughton
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€�While China has largely recovered from the recent downturn, its impact was an important reminder that the future growth of Chinese cities is now inextricably tied to the world economy.” Growing global linkages come with tradeoffs. The slowdown is expected as the China's economy is in transition and growth of 10 percent is not likely to be seen as the country is shifting from a low-income nation to a middle-income one. The development of Chinese cities was fundamentally altered with the economic . Chinese economic policymakers will have to reduce explicit government controls and inter- vention and become more comfortable with allowing market mechanisms to guide ever larger segments of the economy. In handling the trade relations with China, it has been suggested to impose duties on the export of raw materials and import of manufactured goods. China's defense Economic growth is slowing; as the World Bank and others have argued, China must undergo an economic transition to a more sustainable development model that will necessarily require political reform. Urban China is a fascinating topic of study: it displays unprecedented dynamism under market transition and globalizing forces. Economic growth hopefully will bring more freedom to China's people. The CCP is undergoing a pivotal once-in-a-decade power transition that will see its fifth generation of leaders set the future agenda for the second-largest economy in the world. China's growing military capabilities now threaten to upset that order in ways that, ironically, could complicate China's security environment at the same time as slowing economic growth intensifies its internal challenges. While the country has maintained a political monopoly since its founding, the effects of China's rapid economic growth have triggered increasing social unrest and political destabilization that challenges the country's rise as a global power. At a minimum it'll allow more of its citizens to buy widgets that help them get around the Great Firewall. Despite these Too gradual a transition, however, exposes the Chinese economy to the risk of a sharp correction for an undesirably long period. The Chinese government is getting serious about ending the state's parasitic role in the Chinese economy, reports the New York Times. Economic growth, it also requires a change in traditional modes of economic policymaking. When I chat with people about China's economic growth, I often hear a story that goes like this: The main driver's behind China's growth is that it uses a combination of cheap labor and an undervalued exchange rate to create huge trade surpluses. €�No one can forecast with confidence the future of the Chinese economy,” he said.