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The Chinese Economy: Transitions and Growth Barry Naughton
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Mao's death in 1976 facilitated the transition that took place under Deng Xiaoping. The diminishing advantage of low-cost factors and the declining FDI in China indicates that both the country's current export model and its mode of economic growth are at a turning point. China's economy is forecast to boom from 2013, but this may not necessarily translate into a big price rally for metals, as intensity of usage is leveling off in the country due to changes in its economic growth model. China's consumer-led growth means that China's economy is experiencing the transition from investment-led style. Recent years, it is a hot topic that if China's economy can keep growing rapidly. She said that the economic transition taking place in China – less reliance on fixed asset investment and more consumption – will impact demand growth for industrial metals. Both countries are continent-sized economies with Such constraints on future economic development are reflections of the growth model according to which the Chinese economy was built. Much like the United States, China has an “all of the above” energy strategy: it plans to continue to rely on traditional sources of energy even as it makes the transition to cleaner fuels. But it is also due to the growing place of China in international relations, following from its economic development. The Chinese government is getting serious about ending the state's parasitic role in the Chinese economy, reports the New York Times.