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A Study of the Turning Point of China’s DebtA Study of the Real Economy and the Virtual Economy

A Study of the Turning Point of China’s Debt: A Study of the Real Economy and the Virtual Economy [The economic growth of China has been slowing since 2015. In the third quarter of 2015, the growth rate of GDP fell drastically to less than 7% year over year. This represented a record low since the global sub-prime crisis in 2009. Recently, the State Council convened several conferences to reiterate the principle of guiding finances toward the real economy; the council stated that the relationship between the virtual economy and the real economy should be properly handled so that the former could better serve the latter. Economists agree that the virtual economy, within a reasonable range, can promote the development of the real economy, while over expansion might cause damage. However, so far, China has not set its standards and boundaries for the ratio of the real economy to the virtual economy.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Study of the Turning Point of China’s DebtA Study of the Real Economy and the Virtual Economy

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Publisher
Springer Singapore
Copyright
© Springer Nature Singapore Pte Ltd. 2018
ISBN
978-981-13-1324-0
Pages
165 –184
DOI
10.1007/978-981-13-1325-7_7
Publisher site
See Chapter on Publisher Site

Abstract

[The economic growth of China has been slowing since 2015. In the third quarter of 2015, the growth rate of GDP fell drastically to less than 7% year over year. This represented a record low since the global sub-prime crisis in 2009. Recently, the State Council convened several conferences to reiterate the principle of guiding finances toward the real economy; the council stated that the relationship between the virtual economy and the real economy should be properly handled so that the former could better serve the latter. Economists agree that the virtual economy, within a reasonable range, can promote the development of the real economy, while over expansion might cause damage. However, so far, China has not set its standards and boundaries for the ratio of the real economy to the virtual economy.]

Published: Jul 24, 2018

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