Louis Kuijs: Political Economy of Structural Adjustment (3/7)

The video discusses China's economic growth, focusing on structural adjustments and imbalances. It highlights the need for rebalancing towards consumption and services, as outlined in China's 12th 5-year plan. The speaker explores potential economic scenarios and political economy challenges, emphasizing the importance of policy decisions in shaping China's future. The international discourse on China's rebalancing and associated risks are also examined.

What are the two broad types of policies suggested to help channel resources to new sectors in China?

What challenges does the speaker identify regarding the urbanization process in China?

How does the speaker view the relationship between domestic growth in China and the current account surplus?

What does the speaker suggest about the importance of political economy in the context of China's rebalancing?