How Long to Read China’s Productivity Convergence and Growth Potential—A Stocktaking and Sectoral Approach
By Min Zhu
How Long Does it Take to Read China’s Productivity Convergence and Growth Potential—A Stocktaking and Sectoral Approach?
It takes the average reader and 47 minutes to read China’s Productivity Convergence and Growth Potential—A Stocktaking and Sectoral Approach by Min Zhu
Assuming a reading speed of 250 words per minute. Learn more
Description
China’s growth potential has become a hotly debated topic as the economy has reached an income level susceptible to the “middle-income trap” and financial vulnerabilities are mounting after years of rapid credit expansion. However, the existing literature has largely focused on macro level aggregates, which are ill suited to understanding China’s significant structural transformation and its impact on economic growth. To fill the gap, this paper takes a deep dive into China’s convergence progress in 38 industrial sectors and 11 services sectors, examines past sectoral transitions, and predicts future shifts. We find that China’s productivity convergence remains at an early stage, with the industrial sector more advanced than services. Large variations exist among subsectors, with high-tech industrial sectors, in particular the ICT sector, lagging low-tech sectors. Going forward, ample room remains for further convergence, but the shrinking distance to the frontier, the structural shift from industry to services, and demographic changes will put sustained downward pressure on growth, which could slow to 5 percent by 2025 and 4 percent by 2030. Digitalization, SOE reform, and services sector opening up could be three major forces boosting future growth, while the risks of a financial crisis and a reversal in global integration in trade and technology could slow the pace of convergence.
How long is China’s Productivity Convergence and Growth Potential—A Stocktaking and Sectoral Approach?
China’s Productivity Convergence and Growth Potential—A Stocktaking and Sectoral Approach by Min Zhu is 46 pages long, and a total of 11,776 words.
This makes it 16% the length of the average book. It also has 14% more words than the average book.
How Long Does it Take to Read China’s Productivity Convergence and Growth Potential—A Stocktaking and Sectoral Approach Aloud?
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 4 minutes to read China’s Productivity Convergence and Growth Potential—A Stocktaking and Sectoral Approach aloud.
What Reading Level is China’s Productivity Convergence and Growth Potential—A Stocktaking and Sectoral Approach?
China’s Productivity Convergence and Growth Potential—A Stocktaking and Sectoral Approach 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 Productivity Convergence and Growth Potential—A Stocktaking and Sectoral Approach?
China’s Productivity Convergence and Growth Potential—A Stocktaking and Sectoral Approach by Min Zhu 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 Productivity Convergence and Growth Potential—A Stocktaking and Sectoral Approach by Min Zhu on Amazon click the button below.
Buy China’s Productivity Convergence and Growth Potential—A Stocktaking and Sectoral Approach on Amazon