China: The Road to Sustainable Growth

China has undergone a breathtaking economic and social transformation during the past three decades. Even though the global economic crisis put a dent in exports, a massive government stimulus cushioned the Chinese economy from the worst of the downturn. Through spending on roads, infrastructure, and health, the government supported the country's economic output, helping the country sustain its growth rate.

Yet many challenges still lie ahead on the road to prosperity. For instance, China needs to boost domestic consumption and create a stronger social safety net for its 1.3 billion people.

"China has grown about 9½ percent on average every year for 30 years, and that implies that the Chinese economy doubles in size about every 8 years."

-Linda Yueh, Oxford University

Category:

News & Politics

Tags:

• China
• IMF
• economy
• jobs
• Asia
• financial crisis
• the interconnected world
• future
• government

[hatinae]

@whateverrule What about INDIA?

[mardamek1]

china is successful not only because they work hard, but because of American government that is diseased with liberalism and internationalism and foreign ass kisserism. If US put tarrifs on chinese imports, perhaps they would not be so "prosperous" and the world would be better off. That's not the case, however, and as long as we have a spineless president like Obama the communist, china will keep growing and the US will keep falling. it's as simple as that.

[whateverrule]

China has many problems, but it also has greater potential than almost any other countries in the world.

[wwwtips]

During the last 30 years China having developing enourmously but people still not consuming like the westeners and is understandable....in the last two centuries hundred of millions people had been starved due to foreign invasions, bad government administration, wars, natural disasters.Even today one or two millions people are still living in poverty, although they are not starving they don't have enough support from the health program, they still need to safe their hard earning money

[turner6002]

china is successful because people that work there are slaves earning hardly any money, which allows china to make things at very low prices. if they had all the regulation health and safety minimum wage etc that britain and other countries have they would be just like every other country

[RealDetectives2010]

india suppose to out grow china soon.

[bonkersblock]

it's ashamed that all even of all the glory of economic progress and wealth, with it's 1.3 billion population only 20 percent of them actually benifits from it!! and the rest still lives in a below poverty standard which is about 79 percent of the population! it is true that big population is good for the economy! boy a size like china it has a big blowback to be reckoned.. China is big bubble that will burst like the soviet in its glory days, it just fade.. SHAME.

[DenudedNinja]

: l