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- W4313403444 abstract "The Chinese economy marked a turning point around 2010 to 2012, with economic growth, expenditure structure, industrial structure, and other macroeconomic indicators running counter to their earlier trends. There was a common cause behind all the changes: economic transformation from manufacturing to services. Starting with saturation in demand for manufactured goods, household consumption began to shift toward more human capital – intensive services, which led to a chain of effects in the industrial structure, slower economic growth, altered labor flows, as well as changes in the features of the business cycle. Compared with other high-income economies when they were at a similar development stage, China’s economic transformation from manufacturing to services has been the standard practice." @default.
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- W4313403444 date "2023-01-02" @default.
- W4313403444 modified "2023-09-28" @default.
- W4313403444 title "A portrait of China’s economic transformation: from manufacturing to services" @default.
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- W4313403444 doi "https://doi.org/10.1080/17538963.2023.2163463" @default.
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