Since 1978, according to the World Bank, Chinas GDP has grown at an annual rate of 9
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Since 1978, according to the World Bank, China’s GDP has grown at an annual rate of 9 percent. The high and sustained growth has been based on investment, low-cost manufacturing, and global exports. How sustainable is this model in today’s world economy? What new growth drivers is China examining and using?
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Chinas economic growth model which has been characterized by high levels of investment lowcost manufacturing and exportled growth has indeed driven remarkable economic expansion over the past few deca...View the full answer
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Related Book For 
International Business The Challenges Of Globalization
ISBN: 9781292450315
10th Global Edition
Authors: Kenneth Wild
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