Article Details

Title China: An Inwardly-Animated Economy
Author Mr James Kynge Editor, China Confidential. Research Service at the Financial Times
Journal Asian Affairs, Volume 41 Number 3
Date November 2010

The author suggests that the Chinese economy is no longer an export-driven economy but instead is driven by internal demand, which results from the rapid rate of growth over the last few years. The nearest comparison is with the development of a continental economy in the United States in the second half of the nineteenth century. But the Chinese economy is growing much more rapidly than the US at that time. Crucially, massive infrastructure development and workers' remittances back to the rural areas have transformed the economy of parts of China previously unmarked by development. As a result whole cities are growing up where not long ago there was nothing.


Original Lecture China Continental
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