Financial Crisis Challenges China's Growth Model

被引:0
|
作者
Ke, Changhua [1 ]
Zhang, Lei [1 ]
机构
[1] Xiangfan Univ, Xiangfan 441053, Hubei, Peoples R China
关键词
China's growth model; economic structure; economic growth; financial crisis;
D O I
暂无
中图分类号
F [经济];
学科分类号
02 ;
摘要
Triggered by the US sub-prime crisis, the 2008 global financial turmoil has hit the American and global economies. China is no exception. To analyze China's current economic growth pattern and make suggestions for the future has important practical significance. The main characteristics of China's economic growth pattern include high cost, investment-driven, export-dependent, and low-cost competition. Long-term extensive mode of development resulted in internal and external imbalances in the Chinese economy, low business innovation, and economic growth accompanied by high consumption and high pollution. The required changing patterns in the growth of the Chinese national economy are analyzed in the paper. China's economic growth mode transformation should be the basic direction of change in mode of development, the adjustment of economic structure, changes in macro-distribution system, and improve enterprise innovation capability.
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收藏
页码:390 / 393
页数:4
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