Title

China’s Path to Consumer-Based Growth

Reorienting Investment and Enhancing Efficiency

Il Houng Lee, Murtaza Syed, Liu Xueyan

China’s Path to Consumer-Based Growth

This paper proposes a possible framework for identifying excessive investment. Based on this method, it finds evidence that some types of investment are becoming excessive in China, particularly in inland provinces. In these regions, private consumption has on average become more dependent on...
Topics: 
Economy