China: An Inwardly-Animated Economy

The speaker suggests that the Chinese economy is no longer an export-driven economy but instead is driven by internal demand, which results from the rapid rate of growth over the last few years. The nearest comparison is with the development of a continental economy in the United States in the second half of the nineteenth century. But the Chinese economy is growing much more rapidly than the US at that time. Crucially, massive infrastructure development and workers’ remittances back to the rural areas have transformed the economy of parts of China previously unmarked by development. As a result whole cities are growing up where not long ago there was nothing.

5 NOV

UPCOMING EVENT

In-the Library Talk: Soviet nomads searching for a new identity in the countries of Central Asia region.

Where: This is an 'In-the-Library' talk to be held at the Royal Society for Asian Affairs, 1st Floor, 25 Eccleston Place, London SW1W 9NF at 6.30pm. Cash bar and nibbles are available from 6pm. Space is limited to 30 attendees, so early prior booking by telephone is essential (020 7235 5122) to avoid disappointment. Attendees who turn up without confirmed bookings may regretfully be turned away.

Tickets: Free

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