TY - BOOK ID - 11305631 TI - China's Economy in Transition : From External to Internal Rebalancing AU - Singh, Anoop. AU - N'Diaye, Papa. AU - Nabar, Malhar. AU - International Monetary Fund. PY - 2013 SN - 1484303938 130615250X 148436385X 1484321936 1484372824 9781484372821 9781484321935 9781484303931 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Exports KW - Business & Economics KW - Economic History KW - Globalization KW - Economic aspects KW - Political aspects KW - China KW - Economic conditions. KW - Global cities KW - Globalisation KW - Internationalization KW - International relations KW - Anti-globalization movement KW - E-books KW - China, People's Republic of KW - Banks and Banking KW - Exports and Imports KW - Labor KW - Macroeconomics KW - Production and Operations Management KW - Aggregate Factor Income Distribution KW - Labor Economics: General KW - Interest Rates: Determination, Term Structure, and Effects KW - Personal Income, Wealth, and Their Distributions KW - Trade: General KW - Demand and Supply of Labor: General KW - Production KW - Cost KW - Capital and Total Factor Productivity KW - Capacity KW - Labour KW - income economics KW - International economics KW - Finance KW - Banking KW - Currency KW - Foreign exchange KW - Real interest rates KW - Personal income KW - Income KW - Total factor productivity KW - Financial services KW - National accounts KW - Labor supply KW - International trade KW - Labor economics KW - Interest rates KW - Industrial productivity KW - Labor market KW - Income economics UR - https://www.unicat.be/uniCat?func=search&query=sysid:11305631 AB - China's current account surplus has declined to around one-quarter the peak reached before the global financial crisis. While this is a major reduction in China's external imbalance, it has not been accompanied by a decisive shift toward consumption-based growth. Instead, the compression in its external surplus has been accomplished through increasing fixed investment so that it is now an even higher share of China's national economy. This increasing reliance on fixed investment as the main driver of China's growth raises questions about the durability of the compression in the external surplus and the sustainability of the current growth model that has had unprecedented success in lifting about 500 million people out of poverty over the last three decades. This volume examines various aspects of the rebalancing process underway in China, highlighting policy lessons for achieving stable, sustainable, and inclusive growth. ER -