The nature of the People’s Republic of China’s growth slowdown is a key question for the global economy.

If it’s a bump in the road, growth in China should soon return to a high rate that can help support global growth. If it reflects deeper problems, the world may have to live without the contribution that has come to be expected from China’s hard-charging economy.

Economists must first determine the factors behind China’s growth, which poses statistical problems.

Read the transcript

https://bit.ly/2rurpP7

Read the book

https://www.adb.org/publications/slowdown-prc-structural-factors-and-implications-asia

About the author

Harry X. Wu, professor at the Institute of Economic Research at Japan’s Hitotsubashi University.

About the book editors

Peter Morgan is co-chair of the Research Department at the Asian Development Bank Institute.

Justin Yi-fu Lin is director of the Center for New Structural Economics, Peking University, China.

Guanghua Wan is director of the Institute of World Economy, Fudan University, China.

Know more about ADBI’s work on PRC

https://bit.ly/2vVC0Yi

https://bit.ly/2vQ3fDf