Abstract
Since the onset of China’s massive industrial expansion in the 1980s, predictions of a coming crisis have consistently been proven wrong as its growth trajectory has continued, decade after decade, seemingly unabated. But are things different this time? To answer this question, the contemporary moment must be set within the wider context of China’s substantial developmental transformation. A range of challenges lend weight to the notion of an impending crisis, but there is significant uncertainty about the likely extent of adjustment that will be required. How Chinese policymakers grapple with these imperatives, and the way that their costs and consequences are distributed, will ultimately shape the next stage of China’s spectacular development process.
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Bishop, M. (2018). China Crisis?. In: Hay, C., Hunt, T. (eds) The Coming Crisis. Building a Sustainable Political Economy: SPERI Research & Policy. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-63814-0_13
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DOI: https://doi.org/10.1007/978-3-319-63814-0_13
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