Chinas declining growth is structural, not a cyclical downturn

Published: May 9, 2018, 12:25 a.m.

b'The nature of the People\\u2019s Republic of China\\u2019s growth slowdown is a key question for the global economy. \\n\\nIf it\\u2019s a bump in the road, growth in China should soon return to a high rate that can help support global growth. If it reflects deeper problems, the world may have to live without the contribution that has come to be expected from China\\u2019s hard-charging economy.\\n\\nEconomists must first determine the factors behind China\\u2019s growth, which poses statistical problems.\\n\\nRead the transcript\\nhttps://bit.ly/2rurpP7\\n\\nRead the book\\nhttps://www.adb.org/publications/slowdown-prc-structural-factors-and-implications-asia\\n\\nAbout the author \\nHarry X. Wu, professor at the Institute of Economic Research at Japan\\u2019s Hitotsubashi University.\\n\\nAbout the book editors\\nPeter Morgan is co-chair of the Research Department at the Asian Development Bank Institute.\\nJustin Yi-fu Lin is director of the Center for New Structural Economics, Peking University, China.\\nGuanghua Wan is director of the Institute of World Economy, Fudan University, China.\\n\\nKnow more about ADBI\\u2019s work on PRC\\nhttps://bit.ly/2vVC0Yi\\nhttps://bit.ly/2vQ3fDf'