Abstract
Jayanthakumaran explores China’s economic reforms and analyses the post-reform economic performances and challenges. While economic reforms helped to boost unprecedented growth in the gross domestic product, international trade, and foreign direct investment, it also challenged urban poverty and income inequality. The chapter also draws attention to the eroding comparative advantage in labour-intensive exports, increasing wages, the behaviour of the Chinese Yuan, the use of coal energy, environmental sustainability, the aging population, and increasing dependency ratios. Focusing on the aging population, the chapter concludes that health care for the elderly is not a high priority in China and therefore should be addressed by providing pension schemes and insurance policies.
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Jayanthakumaran, K. (2016). China: An Emerging Giant. In: Industrialization and Challenges in Asia. Palgrave Macmillan, Singapore. https://doi.org/10.1007/978-981-10-0824-5_5
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DOI: https://doi.org/10.1007/978-981-10-0824-5_5
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