Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/215645 
Authors: 
Year of Publication: 
2016
Series/Report no.: 
CEAMeS Discussion Paper No. 3/2016
Publisher: 
University of Hagen, Center for East Asia Macro-economic Studies (CEAMeS), Hagen
Abstract: 
This paper offers a theoretical basis for the concept of rebalancing and applies it to China, where it is currently a topical issue. Rebalancing here means the correction of economic and social imbalances built up during industrialization. This correction is accompanied by a structural transformation towards a more inward‐ and consumption‐driven growth path, associated with growth slowdown. Attempts to mitigate this growth slowdown by either retarding this structural reform process or by using expansionary stimulus programmes as done over the past decade in China create new imbalances that have to be corrected (rebalanced) again. Managing these multiple rebalancing tasks together is a tremendous undertaking, as this paper shows.
Subjects: 
rebalancing
China
development strategy
JEL: 
F41
O10
O40
O53
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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