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The Lion's Share. What's behind China's economic slowdown

Abstract : Following the global crisis, the stimulus package of 2009-2010, with its huge expansion of credit, marked the end of " Cheap China ", with the underpricing of labor, capital, land, energy and currency, and disproportionally shifted growth in favor of the public sector and real estate, the lion's share of the State-Party system. The present process of deleveraging must adress the unprecedented inequities which stem from distortions in the allocations of resources and the respective functions of the central and local governments.
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https://halshs.archives-ouvertes.fr/halshs-00874077
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Submitted on : Thursday, October 17, 2013 - 10:48:15 AM
Last modification on : Saturday, January 15, 2022 - 3:43:31 AM
Long-term archiving on: : Saturday, January 18, 2014 - 4:23:26 AM

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Guilhem Fabre. The Lion's Share. What's behind China's economic slowdown. 2013. ⟨halshs-00874077⟩

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