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Detail
ArtikelSpeed Isn't Everything; China's Economy  
Oleh: [s.n]
Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 407 no. 8832 (Apr. 2013), page 12.
Topik: International; Economic Growth; Economic Indicators
Ketersediaan
  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: EE29.76
    • Non-tandon: 1 (dapat dipinjam: 0)
    • Tandon: tidak ada
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Isi artikelChina's disappointing growth has obscured two encouraging trends that may matter hugely for China's future. Consumption, although still low, made a bigger contribution than investment to China's growth in the first quarter. Even more notable, services have trumped industry's contribution to GDP in the past three quarters. FOR years, critics of China have complained that it prizes speed over balance. The economy's expansion has been heedless as well as relentless, breakneck as well as headlong. Rapid development has turned fishing villages into factory towns and factory towns into financial hubs, but it has also taken a toll. Heavy investment has crowded out consumption, and heavy industry has muscled out services, as if making stuff mattered more than serving people.
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