h1

Whither China? Chinese leaders ponder choice between 2 economic models

December 19, 2011

The European Council on Foreign Relations has produced a new China Analysis that compares two models for the Chinese economy that leaders are debating as they consider China’s future path.  The models are named after two Chinese geographical entities- the city of Chongqing in Central China, and the Southeastern coastal province of Guangdong.  The Chongqing model is largely a continuation of the current scheme – luring foreign investment and rapidly growing GDP through large exports.  The Guangdong model, on the other hand, is a move away from the export based strategy and an attempt to build a sector leading high tech economy.  The Chongqing model, I think, is nearing (and possibly has already reached) its peak; the Guangdong model, on the other hand, presents a difficult road and is far from a sure thing.    

Read the whole thing.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: