Lou Jiwei

Name: Chinese Economists on Economic Reform - Collected Works of Lou Jiwei
ISBN: 9781135082468

Politician

1950-12-01

Books by Lou Jiwei

Chinese Economists on Economic Reform - Collected Works of Lou Jiwei
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There are three main pillars of China's economy. One is export, which is limited by sluggish global demand. The second is investment. In many sectors, there is already too much investment and overcapacity. The third is consumption.
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Indebted countries can only grow out of their debt troubles through strong economic growth; austerity measures alone cannot work. It is imperative to engage in deep structural reform to spur growth.
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