Carnegie Endowment for International Peace
- Follow Carnegie
- Search
- Global Resources
Global Centers
Languages
As the debate in Beijing intensifies over the quality and sustainability of China’s economic growth, China’s most thoughtful economists are increasingly skeptical about the need for high gross domestic product growth rates.
Lessons from other successful developing countries suggest that China’s path to growth may involve continued imbalances and require policy reforms that are often misunderstood.
Under Secretary for International Affairs Lael Brainard previewed the upcoming meeting of G20 finance ministers and central bank governors in Russia. Brainard also discussed the U.S.-China Strategic and Economic Dialogue.
Overinvestment in China is creating debt problems, an experience that is similar to other historical investment-led growth miracles.
Further fiscal stimulus might create growth in the short term, but would be harmful for China in the future.
China is giving more consideration to the possibility of joining the Trans-Pacific Partnership.
The United States and China need to define an affirmative economic agenda to strengthen their relationship and move their economies forward.
China’s entry into the negotiations for the Trans-Pacific Partnership would further Beijing’s strategic interests, harmonize the TPP and RCEP deals, and safeguard Asia’s regional economic infrastructure.
Germany is the EU’s indispensable power, and an assertive Chancellor Merkel is getting tough with almost everyone. But Berlin is still not thinking strategically.
Seven percent is a reasonable GDP growth rate for the Chinese economy that will also give give room for the Chinese central government to enact institutional reform.
Stay connected to the Global Think Tank with Carnegie's smartphone app for Android and iOS devices