Journal Article

Is China’s growth miracle over?

Abstract: The recent slowdown in China?s growth has caused concern about its long-term growth prospects. Evidence suggests that, before 2008, China?s growth miracle was driven primarily by productivity improvement following economic policy reforms. Since 2008, however, growth has become more dependent on investment and overall growth has slowed. If the recent reform plans can successfully address the country?s structural imbalances, China could maintain a solid growth rate that might help smooth its transition to high-income status.

Bibliographic Information

Provider: Federal Reserve Bank of San Francisco

Part of Series: FRBSF Economic Letter

Publication Date: 2015

Order Number: 26