Mechanisms and Risks of the Chinese Economy in 2014

ERI FEB RAS	Issue's contents	RUS
	Regionalistica 2024 Volume 11 number 5 pages 21-40

Title of the article	Mechanisms and Risks of the Chinese Economy in 2014–2023
Pages	21-40
Author	Izotov Dmitry Aleksandrovich doctor of economics, leading research fellow Economic Research Institute FEB RAS 153, Tikhookeanskaya Street, Khabarovsk, Russia, 680042 This email address is being protected from spambots. You need JavaScript enabled to view it. ORCID: 0000-0001-9199-6226
Abstract	The purpose of the study is to analyze the mechanisms and risks of Chinese economic development during the period of global political and economic instability (2014–2023). It was found that the Chinese economy functioned based on low-cost goods exports, inequality in regional development and a high level of internal migration, strong control over the capital inflow / outflow and the cost of production, and development of infrastructure through massive direct investment due to a high level of savings. It was determined that in 2014–2023 the PRC economy faced the following risks: high dependence on exports and low domestic consumption; difficulty maintaining low production costs due to rising household incomes; decreased efficiency of investment in the economy; increased size of the state in the economy; insufficient openness and decreased efficiency of the legal system. It was shown that the functioning of the Chinese economy was supported by its unique characteristics that reduce the limitations of the «East Asian model» of economic development.
Code	338+339
DOI	10.14530/reg.2024.5.21
Keywords	economic growth, GDP, exports, internal migration, consumption, investment efficiency, economic risks, region, China
Download	2024-05.21.pdf
For citation	Izotov D.A. Mechanisms and Risks of the Chinese Economy in 2014–2023. Regionalistica [Regionalistics]. 2024. Vol. 11. No. 5. Pp. 21–40. http://dx.doi.org/10.14530/reg.2024.5.21 (In Russian)
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