Wednesday, October 12, 2005

Chinese Growth

According to most economists, China is growing at just shy of 10 percent per annum. (For an alternate evaluation, see this post.) There are numerous explanations for this meteoric rise and its sustainability, the simplest of which is that the country was so messed up for so long that removing the impediments to growth results in break-neck growth.

Logan at Survived SARS has a great post entitled "China's New Growth Model" that examines the drivers of Chinese growth that is well worth a read.

The China Daily article he cites proposes
[China] should instead move towards the model adopted by developed countries -- depending more on technological innovations and less on resources and labor for growth
Go and read the rest.