carries risks. International experience suggests that China's credit growth is on a dangerous trajectory, with increasing … risks of a disruptive adjustment and/or a marked growth slowdown. Several China-specific factors-high savings, current …

While it is now widely understood that China was the first globally significant economy to begin to recover from the … crisis, critics nonetheless increasingly charge that the stimulus program has substantial flaws and that China's early …-fueled bubble that will collapse, causing China's growth to plunge to only 2 percent.1 But the analysis below suggests these …

China's response to the global crisis -- Imbalances in China's economy -- Policies for rebalancing -- China and global …

Cover -- Contents -- Preface -- Acknowledgments -- Introduction -- Ch 1. China's Response to the Global Crisis … -- Critiques of the Stimulus Program -- Ch 2. Imbalances and Their Implications for China's Economy -- The Expenditure Approach …" Rebalancing -- Ch 4. China and Global Economic Rebalancing -- Global Imbalances -- Ch 5. The Politics of Economic Rebalancing …