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China's Macroeconomic Balancing Act

其他書名	Shifting to New Drivers of Growth and Sustaining Financial Stability
出版	SSRN, 2017
URL	http://books.google.com.hk/books?id=DdbczwEACAAJ&hl=&source=gbs_api

註釋In the lead-up to China's five-yearly National Party Congress late in 2017, attempts to resolve conflicts between short-term growth and structural reform have tended to favour immediate growth. The new model of growth requires new economy sectors to grow much more rapidly than traditional (post-1978) sectors. For a while, this was proceeding well, but in late 2016 and during 2017 there have been signs of priority for growth and therefore traditional sectors over the new economy. Favouring growth over reform introduces risk into longer-term growth prospects.