China’s Industrial Revolution And Economic Presence

For some twenty-five years after 1949, China did not exist and the country was only rediscovered in the 1970s. As China looks set to soar in the new millennium, there is an urgency to understand the worlds most populous economy with a billion plus people. This book aims to shed light on the countrys rapid industrialization and internationalization by looking at questions such as: Can China sustain its accelerated rate of growth? Can labor supply be sustained at a relatively low wage rate? Can inflow of foreign direct investment be sustained at a high rate, given the consequent exposure to inflation? Will Chinas domestic market absorb its own output as the limit on the ability to export manufactures to overseas markets is reached? Is Chinas currency undervalued? Given Chinas foreign exchange reserves, should the country have a freely convertible currency?