Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/215648 
Authors: 
Year of Publication: 
2017
Series/Report no.: 
CEAMeS Discussion Paper No. 6/2017
Publisher: 
University of Hagen, Center for East Asia Macro-economic Studies (CEAMeS), Hagen
Abstract: 
This paper summarizes the main characteristics of the two major Chinese growth strategies since 1978, namely the Deng strategy (named after Deng Xiaoping) between 1978 and 2011 and the Xi strategy (named after Xi Jinping) since 2012/13. After a brief description of both strategies, I analyze in depth whether the respective reforms of the two strategies have caused sustainable or unsustainable growth and economic development. Furthermore, I derive some implications concerning the danger of a Chinese middle-income trap and propose some policy recommendations (also against the background of the Korean experience). I finally develop a growth-theoretic systematization of the arguments elaborated previously.
Subjects: 
China
sustainability
economic development
rebalancing
JEL: 
F41
O10
O40
O53
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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