Social Sciences
4 years ago

China's New Normal: Rural Revitalization Through Supply-Side Structural Reforms.

China Political Economy
Supply-side structural reforms from the perspective of global production networks – based on the theoretical logic and empirical evidence of political economy
Fusheng Xie, Ling Gao, Peiyu Xie

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This paper looks at how China's economy changed during different stages of globalization. China's fast economic growth from 2000 to 2007 was driven by investments and exports. However, this growth slowed down due to changes in the economy. To adapt to these changes, China is making reforms to use excess resources for rural development and innovation in manufacturing. By creating a network of innovative companies, China can meet the diverse demands of its market.