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Lecture

How normal is the ‘New Normal’? - Assessing the causes and implications of China’s economic slowdown

Date
Wednesday 29 March 2017
Time
Series
China Seminar
Location
Matthias de Vrieshof
Matthias de Vrieshof 1
2311 BZ Leiden
Room
6

China’s economic slowdown since 2008 has given rise to multiple domestic and international concerns pertaining to China’s development model and economic future, as well as its impact on new Chinese-led initiatives and China’s role in economic governance. Yet the very nature of its economic slowdown and its transition to a ‘New Normal’ remains heavily debated. This paper seeks to provide a detailed analytical assessment of China’s economic slowdown and its implications. The author scrutinizes the direct causes of slowdown in the context of China’s long-term growth trajectories, and argues that the recent economic slowdown is structural rather than cyclical. Therefore, government policies to prevent further decline should include effective instruments that tackle the long-term imbalances embedded in the Chinese economy instead of superficial cures.

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