Abstract
Brunt reflects on the current state of Chinese economic development, arguing that Chinese growth is about to drastically slow down. There are still enormous unexploited opportunities for growth in China but there are also many blockages, such as underemployment in the huge and inefficient government sector. The Government will not risk social and political unrest by cutting state jobs in a slowdown, so the inefficiency will not be fixed anytime soon. Combined with various other problems—such as declining exports, overinvestment in housing, weak financial institutions, poor infrastructure quality—China will struggle to be star performer in the next 25 years. The One Belt One Road project is only exacerbating this problem.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Constable, Harriet, “The Rising Cost of Kenya’s New Railway”, African Business Magazine, 10 January 2017.
Gray, Richard, “China’s Zombie Factories and Unborn Cities”, BBC News, 23 February 2017.
Kacungira, Nancy, “Will Kenya Get Value for Money from its New Railway?”, BBC News, 8 June 2017.
Yu, Rose, “China’s Busiest High-Speed Rail Line Makes a Fast Buck”, Wall Street Journal, 20 July 2016.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2017 The Author(s)
About this chapter
Cite this chapter
Brunt, L. (2017). China’s “Japan Moment”. In: China from the Inside. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-65672-4_19
Download citation
DOI: https://doi.org/10.1007/978-3-319-65672-4_19
Published:
Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-319-65671-7
Online ISBN: 978-3-319-65672-4
eBook Packages: Economics and FinanceEconomics and Finance (R0)