Economics, Econometrics and Finance
8 years ago

China's Economic Restructuring Opportunity: Recession Fuels Sustainable Growth

1 view
Journal of Guizhou College of Finance and Economics
Business Cycle and Policy Choice for Industrial Structure Upgrade
Zhou Ming-sheng

Paper Summary

Industrial restructuring in China is crucial for sustainable economic development. The business cycle influences this restructuring process, with different phases providing opportunities for reform. During a recession, there are strategic chances for economic and industrial restructuring, leading to a win-win situation of growth and reform.

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