Challenges for China’s Sustainable Growth

Authors

  • Laura Diaconu (Maxim)
  • Cristian Constantin Popescu
  • Andrei Maxim

DOI:

https://doi.org/10.47743/saeb-2020-0001

Keywords:

economic growth, education, environment, social climate, foreign investments

Abstract

For more than a quarter of a century, China has experienced a significant economic growth. Yet, this rapid growth has brought on many economic, social and environmental challenges, which might negatively influence the future development of the country. The objective of this paper is to analyse the Chinese economic evolution in order to determine if its growth model is sustainable over time. The research methods consisted in an investigation of the specialized literature, which helped us formulate four research hypotheses, and in a statistical analysis of secondary data, which allowed us develop four models, in order to test the hypotheses. The conclusions show that, to sustain the growth rate, China needs to increase its human capital stock, to keep the pace of attracting the foreign investments, to reduce the size of the government, to diminish the public consumption and to invest in the renewable energy, for increasing the energy efficiency.

JEL Codes - Q01; I25; F21; Q56

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Published

2020-03-28

How to Cite

Diaconu (Maxim), L., Popescu, C. C., & Maxim, A. (2020). Challenges for China’s Sustainable Growth. Scientific Annals of Economics and Business, 67(1), 117–137. https://doi.org/10.47743/saeb-2020-0001

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