Abstract
China’s per capita GDP reached $ 4478.49 in 2010, indicating that China became an upper-medium-income economy classified by the World Bank and its economic development entered into a new stage. In 2016, China’s per capita GDP increased to $8104.91, and kept moving towards a high-income economy. During this period, due to the global financial crisis and the domestic structural transition, China’s economic growth has shown a declining trend and its rates have been lower than 8% for five consecutive years.
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Center for Macroeconomic Research of Xiamen University. (2017). Policy Simulation: Effects of Rebalancing the Chinese Economy. In: China’s Macroeconomic Outlook. Current Chinese Economic Report Series. Springer, Singapore. https://doi.org/10.1007/978-981-10-6123-3_3
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DOI: https://doi.org/10.1007/978-981-10-6123-3_3
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Publisher Name: Springer, Singapore
Print ISBN: 978-981-10-6122-6
Online ISBN: 978-981-10-6123-3
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