##plugins.themes.academic_pro.article.main##
Abstract
This report is a reflection on structural problem of Chinese economy and reforms needed for future growth. The main focus is on the value addition to the exports and the industrial restructuring. Reports shows how china can diversify its manufacturing base to become less susceptible to external shocks and at the same time caters its huge population. China is investment driven economy and share of consumption to GDP has to increase, for that industry diversification in non-durable consumer goods, etc is necessary. Report also discusses the value addition by Chinese worker to the each sector mainly agriculture, manufacturing and service and their trends. It is found that manufacturing is already stressed and further increase in the availability of labor force will suppress the income more hence service sector needs to be enhanced.Â
##plugins.themes.academic_pro.article.details##
References
2. BIS working paper no. 312 China’s saving rates by Guonan Ma and Wang Yi
3. Financial constraints in China: rm-levelEvidence S. Poncet, W. Steingress and H. Vandenbussche
4. Export dependency and growth by Yilmaz Akyuz
5. Hiau Looi Keey, H. T. (2012). Domestic Value Added in Chinese Exports.
6. Income inequality as a cause of the Great Recession?A survey of current debates*
7. Blanchard, O. & Giavazzi, F. (2006), Rebalancing growth in China: A three-handed approach, China &World Economy 14(4), 1-20.
8. Barnett, S. & Brooks, R. (2010), China: Does Government Health and Education Spending BoostConsumption?, IMF Working Papers (10/16), International Monetary Fund.
9. Public Expenditures on Social Programs and Household Consumption in China, IMF WorkingPapers (10/69), International Monetary Fund.
10. China,NBER Working Papers (16565), National Bureau of Economic Research, Inc.
11. How Much of China’s Exports is Really Made in China? Estimating Domestic Content in Exports When Processing Trade is Pervasive1 by Robert Koopman and Zhi Wang United States International Trade Commission, Shang-Jin Wei, Columbia University, CEPR and NBER
12. Oxford’s economics China’s industry forecast 2012.