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China's 12th Five-Year Plan and global economic rebalancing
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Ferdinand, Peter (2012) China's 12th Five-Year Plan and global economic rebalancing. Journal of Asian Public Policy, Volume 5 (Number 2). pp. 168-180. doi:10.1080/17516234.2012.678742 ISSN 1751-6234.
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Official URL: http://dx.doi.org/10.1080/17516234.2012.678742
Abstract
This article examines the likelihood of China's 12th Five-Year Plan, making a significant change in the economic balance between global savings and consumption in the aftermath of the recent financial crisis. It illustrates this by pointing to the high savings and investment rates, and low-consumption rates in Pacific Asia, especially in China. It goes on to consider whether the 12th Five-Year Plan is likely to change those tendencies significantly and move China towards greater domestic consumption as the main driver of domestic growth. The article concludes by considering the likely impact upon China's foreign trade balance, especially with the United States.
Item Type: | Journal Article | ||||
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Divisions: | Faculty of Social Sciences > Politics and International Studies | ||||
Journal or Publication Title: | Journal of Asian Public Policy | ||||
Publisher: | Routledge | ||||
ISSN: | 1751-6234 | ||||
Official Date: | 5 July 2012 | ||||
Dates: |
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Volume: | Volume 5 | ||||
Number: | Number 2 | ||||
Page Range: | pp. 168-180 | ||||
DOI: | 10.1080/17516234.2012.678742 | ||||
Status: | Peer Reviewed | ||||
Publication Status: | Published | ||||
Access rights to Published version: | Restricted or Subscription Access |
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