Macroeconomic Profile for China | tutor2u Economics

This blog provides a download link to a 3 slide powerpoint economic profile for the Chinese economy

  • The Chinese government’s economic policy is defined by five-year economic plans.
  • China is at a critical stage of her development
  • China will have move up the ‘value chain’ as it loses its competitive edge in labour-intensive sectors.
  • China is still a relatively poor country with an estimated GDP per capita on a PPP basis of US$12,879 in 2014, lower than Thailand.
  • Policies to increase the real incomes of China’s middle class will encourage more consumption as a share of GDP and make the economy less reliant on exports and capital investment as key sources of long run economic growth.

Addressing structural imbalances in the Chinese economy

  • The Chinese economy has many structural imbalances that will need to be addressed for sustainable growth to be maintained:
  • The Chinese economy remains reliant on credit growth, with overall debt rising to 280% of GDP in mid-2015
  • China will need to shift away from imitating/copying Western technologies to generating more innovation Increasing competitive challenges are coming from lower-unit cost countries such as Vietnam, Indonesia and Mexico. Wages in the Chinese manufacturing sector have more than tripled since 2008.
Country profile for the Chinese economy

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