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China and the Future of the World Economy

Published online by Cambridge University Press:  07 May 2025

Ho-fung Hung  and
Walden Bello
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Japan Focus presents two complementary perspectives on the challenges facing China and the world economy in the context of global over-accumulation. In 1997, China emerged unscathed from the economic collapse that set back Japan and then Korea, Thailand, Indonesia, and other high-flying Asian economies. The present analyses pose the question of whether China, too, is now vulnerable, with consequences that will be felt throughout the world economy. Posted at Japan Focus on February 9, 2007.

Type
Research Article
Information
Asia-Pacific Journal , Volume 5 , Issue 2 , February 2007 , e9
Creative Commons
Creative Common License - CCCreative Common License - BYCreative Common License - NCCreative Common License - ND
This is an Open Access article, distributed under the terms of the Creative Commons Attribution-NonCommercial-No Derivatives licence (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is unaltered and is properly cited. The written permission of Cambridge University Press must be obtained for commercial re-use or in order to create a derivative work.
Copyright
Copyright © The Authors 2007

References

Notes

[1] People's Daily, January 13, 2007. “Top Research Body Warns of Real Estate Bubble.” (http://english.peopledaily.com.cn/200701/13/eng20070113_340908.html)

[2] Shan Weijian 2006. “The World Bank's China Delusions.” Far Eastern Economic Review. 169, 7.

Shan Weijian 2006. “China's Low—Profit Growth Model.” Far Eastern Economic Review. 169, 11.

[3] P.R. Krugman,. 1994. “The Myth of Asia's Miracle.” Foreign Affairs. November/December 1994.

Alwyn Young. 1995. “The Tyranny of Numbers: Confronting Statistical Realities of the East Asian Growth Experience.” The Quarterly Journal of Economics, August 1995.

Kim Jong-Il and Lawrence Lau. 1994. “The Sources of Economic Growth in the East Asian Newly Industrialized Countries.” Journal of the Japanese and International Economies. Vol. 8, No. 3.

[4] Ho-fung Hung 2007. “Rise of China and the Global Overaccumulation Crisis.” Unpublished Working Paper.

[5] Roach, Stephen. 2006. “China's Rebalancing Imperatives: A Giant Step for Globalization.” Morgan Stanley Research Global. December 1, 2006.