0 évaluation0% ont trouvé ce document utile (0 vote)
55 vues28 pages
China's productivity growth has fallen from an annual average of 4. Percent in 2001-07 to 2. Percent in 2008-10. The massive expansion of capital investment in recent years has resulted in a decline in capital efficiency, effectively "crowding out" productivity growth. A gloomy global macroeconomic outlook has already had considerable impact on the Chinese economy.
China's productivity growth has fallen from an annual average of 4. Percent in 2001-07 to 2. Percent in 2008-10. The massive expansion of capital investment in recent years has resulted in a…