NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Economics of China: Successes and Challenges

Shenggen Fan, Ravi Kanbur, Shang-Jin Wei, Xiaobo Zhang

NBER Working Paper No. 19648
Issued in November 2013
NBER Program(s):   DEV

This paper is the first chapter in the Oxford Companion to the Economics of China (Oxford University Press, forthcoming). Rather than trying to summarize other contributors' views, we provide our own perspectives on the Economics of China--the past experience and the future prospects. Our reading of China's economic development over the past 35 years raises two major sets of issues, one of which is inward looking, and the other of which is outward looking. While Chinese aggregate development is impressive, it has raised the question of whether the growth is sustainable, and has led to a set of distributional issues and well-being concerns. We argue that these internal issues combine with those raised by China's rapid integration and ever growing presence in the international arena, to jointly frame the challenges faced by China in the next 35 years, as it approaches the 100th anniversary of the People's Republic in 2049.

You may purchase this paper on-line in .pdf format from SSRN.com ($5) for electronic delivery.

Information about Free Papers

You should expect a free download if you are a subscriber, a corporate associate of the NBER, a journalist, an employee of the U.S. federal government with a ".GOV" domain name, or a resident of nearly any developing country or transition economy.

If you usually get free papers at work/university but do not at home, you can either connect to your work VPN or proxy (if any) or elect to have a link to the paper emailed to your work email address below. The email address must be connected to a subscribing college, university, or other subscribing institution. Gmail and other free email addresses will not have access.

E-mail:

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w19648

Users who downloaded this paper also downloaded these:
Bloom, Romer, Terry, and Van Reenen w19951 Trapped Factors and China's Impact on Global Growth
Iyer, Meng, Qian, and Zhao w19733 Economic Transition and Private-Sector Labor Demand: Evidence from Urban China
Dollar and Jones w19662 China: An Institutional View of an Unusual Macroeconomy
Aizenman, Jinjarak, and Marion w19739 China's Growth, Stability, and Use of International Reserves
Reinhart w19655 Asia Chartbook: Crises, Credit and Debt, 1835-2013
 
Publications
Activities
Meetings
NBER Videos
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us