How Long to Read China’s Path to Consumer-Based Growth

How Long Does it Take to Read China’s Path to Consumer-Based Growth?

It takes the average reader and 24 minutes to read China’s Path to Consumer-Based Growth by Mr. Il Houng Lee

Assuming a reading speed of 250 words per minute. Learn more

Description

This paper proposes a possible framework for identifying excessive investment. Based on this method, it finds evidence that some types of investment are becoming excessive in China, particularly in inland provinces. In these regions, private consumption has on average become more dependent on investment (rather than vice versa) and the impact is relatively short-lived, necessitating ever higher levels of investment to maintain economic activity. By contrast, private consumption has become more self-sustaining in coastal provinces, in large part because investment here tends to benefit household incomes more than corporates. If existing trends continue, valuable resources could be wasted at a time when China’s ability to finance investment is facing increasing constraints due to dwindling land, labor, and government resources and becoming more reliant on liquidity expansion, with attendant risks of financial instability and asset bubbles. Thus, investment should not be indiscriminately directed toward urbanization or industrialization of Western regions but shifted toward sectors with greater and more lasting spillovers to household income and consumption. In this context, investment in agriculture and services is found to be superior to that in manufacturing and real estate. Financial reform would facilitate such a reorientation, helping China to enhance capital efficiency and keep growth buoyant even as aggregate investment is lowered to sustainable levels.

How long is China’s Path to Consumer-Based Growth?

China’s Path to Consumer-Based Growth by Mr. Il Houng Lee is 24 pages long, and a total of 6,096 words.

This makes it 8% the length of the average book. It also has 7% more words than the average book.

How Long Does it Take to Read China’s Path to Consumer-Based Growth Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 33 minutes to read China’s Path to Consumer-Based Growth aloud.

What Reading Level is China’s Path to Consumer-Based Growth?

China’s Path to Consumer-Based Growth is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy China’s Path to Consumer-Based Growth?

China’s Path to Consumer-Based Growth by Mr. Il Houng Lee is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

To buy China’s Path to Consumer-Based Growth by Mr. Il Houng Lee on Amazon click the button below.