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N° 298 |
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| 21 April, 2010 |
| China: the End of the Outward-Oriented Growth Model |
Guillaume Gaulier
Joaquim Jarreau
Françoise Lemoine
Sandra Poncet
Deniz Ünal |
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| China, which since the 1980s has developed a dynamic export sector in order to drive its economic development,
was hit hard by the collapse in global demand in late 2008. This episode revealed the fragility of the Chinese growth
model, which is currently at a crossroads, not only as a result of the global context but also owing to the internal
tensions it has caused. The results of thirty years of economic openness, as evidenced by CEPII studies, show that China's
outstanding successes on international markets also have adverse effects and cannot be deemed to constitute a long-term
development strategy. CEPII analyses are now assessing the changes that may occur in Chinese supply and the need to
refocus growth on internal demand. |
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