Chinese Economy

In this article written by Manfred Nitsch and Frank Diebel the micro-foundations of the Chinese growth model are analysed within a comprehensive monetary theory of economic development, based on Schumpeter, Keynes, and the contemporary monetary Keynesians. The Confucian traditions and the Leninist party power structure are identified as the main specific traits of the social formation in...

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For almost 40 years now, China's economy is prospering. How is that possible? How many Cassandras have predicted its doomsday? But China just keeps on growing. Slower in motion now, maybe, but it's still steadily blossoming and opening up even further. Sinocademy explains the Chinese growth model in brief and with simple words, applying a Keynesian growth model.

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