Title: Economic structural changes in China: challenges and opportunities

Authors: Miranda Mei Zhang; Cassie F. Bradley; Alice Ford Collins; Mary H. Saunders

Addresses: School of Business, Georgia Gwinnett College, 1000 University Center Lane, Lawrenceville, GA 30043, USA ' School of Business, Georgia Gwinnett College, 1000 University Center Lane, Lawrenceville, GA 30043, USA ' School of Business, Georgia Gwinnett College, 1000 University Center Lane, Lawrenceville, GA 30043, USA ' School of Business, Georgia Gwinnett College, 1000 University Center Lane, Lawrenceville, GA 30043, USA

Abstract: As economic deceleration in China continues to reverberate across global markets, there are concerns and wonders about China's future growth and what it will mean for the world economy. China's economy is currently undergoing a major structural change and reform towards a new development model focused on achieving better quality growth that is more economically and environmentally sustainable, and achieves better social outcomes for the Chinese people. With a comprehensive approach to reform, it is natural and normal that the economic growth would fluctuate and sometimes fall rapidly post-peak. China's transformation has profound implications for the global economy. The recent stock market plunge could be a reaction to this economic transformation. China's new development model will continue to promote economic growth in China and in the world. As China is fast becoming a consumption-oriented economy with the services industry as the largest sector, the change presents the rest of the world with challenges as well as opportunities.

Keywords: stock markets; economic change; structural change; statistical analysis; China; economic reform; transition economies; economic gorwth; economic transformation; services; service industry.

DOI: 10.1504/IJEBR.2017.083314

International Journal of Economics and Business Research, 2017 Vol.13 No.3, pp.246 - 257

Received: 17 Jun 2016
Accepted: 21 Sep 2016
Published online: 23 Mar 2017 *

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