THE RESTRUCTURING OF CHINESE MANUFACTURING: IMPERATIVES, STRATEGIES AND CHALLENGES
In recent years, China has engaged in a complex economic rebalancing process, which includes three large and interrelated categories of reform packages: reforms addressed to rebalancing demand, to restructure supply and to geographically balance the country’s development. As part of the supply-sid...
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| Format: | Article |
| Language: | ron |
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Institute for World Economy
2017-10-01
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| Series: | Revista de Economie Mondială |
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| Online Access: | http://iem.ro/rem/index.php/REM/article/view/591/659 |
| Summary: | In recent years, China has engaged in a complex economic rebalancing process, which includes
three large and interrelated categories of reform packages: reforms addressed to rebalancing demand, to
restructure supply and to geographically balance the country’s development. As part of the supply-side
restructuring endeavour, the reform of manufacturing is an unavoidable component of the transformation
that the Chinese economy will undergo up to the half of the current century. On its depth and magnitude will
depend both the success of China’s transition to the status of a developed economy, and the health, balance
and well-functioning of world markets and the world economy as a whole. This article demonstrates the
importance of reforming Chinese manufacturing, it delineates its current landscape alongside its major
issues, and looks at China’s new industrial strategy, with its distinctiveness, aims and challenges ahead. |
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| ISSN: | 2343-9521 2343-9521 |