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The Oxford Companion to the Economics of China$
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Shenggen Fan, Ravi Kanbur, Shang-Jin Wei, and Xiaobo Zhang

Print publication date: 2014

Print ISBN-13: 9780199678204

Published to Oxford Scholarship Online: December 2014

DOI: 10.1093/acprof:oso/9780199678204.001.0001

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Doing good while doing well

Doing good while doing well

China’s search for environmentally sustainable economic growth

(p.353) 57 Doing good while doing well
The Oxford Companion to the Economics of China

Trevor Houser

Oxford University Press

This chapter considers a way to sustain China’s economic growth while also addressing its environmental problems. There is a growing consensus that for China to sustain current growth rates (7–8 per cent), policy makers must rebalance the economy, away from a past over-reliance on investment, exports, and heavy industry, towards domestic consumption, government spending, service sector activities, and high value added manufacturing. This rebalancing would mean less infrastructure and property construction, and less demand for energy by industrial sectors, thus making a significant contribution to reducing air pollution.

Keywords:   economic development, environmental policy, Chinese economy, economic policy, environmental protection, air pollution control

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