Deceleration of China's Economic Growth: Causes and Countermeasures  

作　　者：Guoqiang Tian 

机构地区：[1]School of Economics and Institute for Advanced Research, Shanghai University of Finance and Economics, Shanghai 200433, China [2]Department of Economics, Texas A&M University, College Station, TX 77843, USA

出　　处：《Frontiers of Economics in China-Selected Publications from Chinese Universities》2019年第1期3-25,共23页中国高等学校学术文摘·经济学（英文版）

摘　　要：China's economic growth has been declining continuously at a rapid rate since 2011. It dropped to 6.7% in 2016 by more than 3% from nearly 10% average growth rate during 1979-2010. As for its causes, there are different interpretations among Chinese economists. One of the interpretations, which is held by some scholars including Justin Yifu Lin, is that external and cyclical factors are the main causes for the decline. The author disagrees with this viewpoint and holds that the root cause of economic deceleration is the delay in deep institutional reforms. An inclusive economy and state coercive capacity are two essential ingredients for sustaining economic prosperity. China must further enhance economic inclusiveness, and accelerate its transition into an efficienc y? driven and innovatio driven economy through deepened comprehensive marketization reforms. Meanwhile, it should further strengthen the rule of law to build a limited government that is capable, accountable, effective and caring.

关 键 词：China's economic growth CAUSES and COUNTERMEASURES deep institutional REFORMS DECELERATION INCLUSIVE economy efficiency-driven in novation-driven external and cyclical factors 

分 类 号：F43[经济管理—产业经济] 017