Quale future modello di crescita economica per la Cina: tra passato, presente e futuro

No. 99 – December 201699-belladonna

Author: Alberto Belladonna
Language: Italian
China Domestic Consumption
Rural China
China income inequality

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China’s rapid growth in terms of economic development and social change since the beginning of the reforms started in 1978, has been one of the most remarkable development experiences of our times, unprecedented in speed, scale and scope. However, since the XVI Chinese Communist Party National Congress in 2002, the Chinese Government has increasingly stressed the need for a change in China’s economic development strategies from that of an economic growth at all costs towards a more equitable and sustainable one aiming at a so called “Harmonious Society”. The reason is that this great performance has not come at any cost and after three decades of exceptionally rapid economic development, the sustainability of this growth not only in macroeconomic terms but also in terms of environmental impact and risks of social instability, is now under hot debate. Great focus has been devoted to the need toward a change of the economic growth paradigm from an export led economy toward a more consumed based economy and towards the great imbalances between rural China and Urban developed China. Aim of this paper is thus to analyze in greater details the reasons behind this change of strategic policy with particular emphasis on the economic development strategies envisaged to accomplish this change of economic paradigm and the role plaid by rural China in this process.