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China’s economic rebalancing. Group 6 Rafael Ramos Codeço /Catherine Chien / Paul Yu 29th Academy of International Economic Affairs, MOEA. Main topics. What do We mean with China Economic Rembalancing? Current sources of chinese Growth Effects of the rebalancing 2020 China.
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China’s economic rebalancing Group 6 Rafael Ramos Codeço /Catherine Chien / Paul Yu 29th Academy of International Economic Affairs, MOEA.
Maintopics • What do We mean with China Economic Rembalancing? • Current sources of chinese Growth • Effects of the rebalancing • 2020 China
China Economic Rembalancing • Concept: Change the country’s growth strategy by rebalancing the sources of the economy growth;
Efects for China’s Suppliers • Decreasing demand of metallic commodities; • Increasing demand of goods related with consume (food, tele-communication equip ); • International Competitors can take advantage (automotive products, transport equip, electrical equip, textile.)
Effects on China’s Economy • Decrease Exports (what will hurt some industries); • Increase Consumption (what will benefit some industries); • Decrease Social Inequality;
China 2020--The World Bank report • 1.The second largest economy in the world • 2.Middle-income countries. • 3.GDP 5% in 2020.
Reasons Increase of the workforce-- labour from agriculture to industry. Narrowed its technology gap with other countries, reducing the scope for one-shot productivity gains. State-owned enterprises turns into some forms of company(if successes)
reasons Government's withdrawal: from direct involvement in the economy and the extending and deepening of markets. Financial integration Any other areas:Education, Health, Pensions, Infrastructure development, and Protection of the Environment.
Obrigado!Thankyou!谢谢 To Be Continued