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    Avoiding the Fall: China's Economic Restructuring (Paperback) By (author) Michael Pettis

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    DescriptionThe days of rapid economic growth in China are over. Mounting debt and rising internal distortions mean that rebalancing is inevitable. Beijing has no choice but to take significant steps to restructure its economy. The only question is how to proceed. Michael Pettis debunks the lingering bullish expectations for China's economic rise and details Beijing's options. The urgent task of shifting toward greater domestic consumption will come with political costs, but Beijing must increase household income and reduce its reliance on investment to avoid a fall.


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  • Full bibliographic data for Avoiding the Fall

    Title
    Avoiding the Fall
    Subtitle
    China's Economic Restructuring
    Authors and contributors
    By (author) Michael Pettis
    Physical properties
    Format: Paperback
    Number of pages: 172
    Width: 150 mm
    Height: 226 mm
    Thickness: 13 mm
    Weight: 295 g
    Language
    English
    ISBN
    ISBN 13: 9780870034077
    ISBN 10: 0870034073
    Classifications

    B&T Book Type: NF
    BIC E4L: ECO
    Nielsen BookScan Product Class 3: S4.5
    BIC geographical qualifier V2: 1FPC
    B&T Modifier: Region of Publication: 01
    BIC subject category V2: HBJF
    B&T Modifier: Subject Development: 43
    B&T Modifier: Academic Level: 01
    Libri: I-PL
    Ingram Subject Code: PL
    Ingram Theme: CULT/CHINES
    B&T General Subject: 650
    B&T Modifier: Geographic Designator: 68
    BISAC V2.8: BUS022000
    B&T Modifier: Geographic Designator: 46
    B&T Merchandise Category: UP
    LC subject heading:
    BISAC V2.8: BUS035000
    Warengruppen-Systematik des deutschen Buchhandels: 27880
    BISAC V2.8: POL011020
    LC subject heading:
    DC22: 330.951
    LC subject heading:
    BISAC V2.8: BUS072000
    BIC subject category V2: KCG
    LC subject heading:
    BISAC region code: 2.5.1.0.0.0.0
    DC23: 330.0951
    LC classification: HC427.95 .P48 2013
    Thema V1.0: RNU, KCM, NHF, RGCM, KCG, KCV
    Publisher
    BROOKINGS INSTITUTION
    Imprint name
    Carnegie Endowment for International Peace
    Publication date
    24 September 2013
    Publication City/Country
    Washington DC
    Author Information
    Michael Pettis is a senior associate in the Carnegie Asia Program. An expert on China's economy, Pettis is a professor of finance at Peking University's Guanghua School of Management, where he specializes in Chinese financial markets.
    Review quote
    "A fascinating and provocative read for anyone interested in China's economy." --J.C. de Swaan, Lecturer in Economics, Princeton University, and Principal, Cornwall Capital "Insightful and compellingly argued, this well-timed book is a valuable key to understanding why the engine that propelled China's thirty-year ascent is now threatened with power failure." --Guy de Jonquieres, Senior Fellow, European Centre for International Political Economy "Can China make it past the middle-income trap? Having lived and taught in Beijing for more than a decade, Pettis is uniquely qualified to address this and many other key issues. Don't miss this book." --Arminio Fraga Neto, Former President, Central Bank of Brazil