Chapter

The Rates of Saving and Investment

Chris Bramall

in Sources of Chinese Economic Growth, 1978-1996

Published in print September 2000 | ISBN: 9780198296973
Published online November 2003 | e-ISBN: 9780191596018 | DOI: http://dx.doi.org/10.1093/0198296975.003.0008

Series: Studies on Contemporary China

The Rates of Saving and Investment

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A prime mover in post‐1978 Chinese growth was the high rate of investment. As this chapter shows, the late Maoist investment rate was exceptionally high in the late 1970s by the standards of developing countries. The bulk of this investment was funded from domestic savings; foreign direct investment, the contributions of the overseas Chinese, and foreign borrowing contributed almost nothing to Maoist investment.

Keywords: borrowing; debt; foreign; investment; Maoist; savings

Chapter.  4965 words. 

Subjects: Economic Development and Growth

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