Sustaining China's Economic Growth after the Global Financial Crisis

Nicholas R. Lardy, Peterson Institute

Peterson Institute for International Economics, Washington, DC

February 1, 2012


The Peterson Institute released its new book, Sustaining China's Economic Growth after the Global Financial Crisis, on February 1, 2012. The study, by Senior Fellow Nicholas R. Lardy, focuses on how the Chinese government's financial, exchange rate, and pricing policies have led to growing internal and external imbalances. Lardy argues that China must adopt a fundamentally new model to continue economic growth, avoid the accumulation of unsustainable asset positions, and contribute to the rebalancing of the global economy.

Nicholas Lardy is the Anthony M. Solomon Senior Fellow at the Peterson Institute, which he joined in 2003. He was a senior fellow at Brookings and director of the Henry M. Jackson School of International Studies at the University of Washington prior to joining the Institute. The National Journal called him "everybody's guru on China," and he has written or edited a number of previous books on China, including China's Rise: Challenges and Opportunities (2008), Debating China's Exchange Rate Policy (2008), China: The Balance Sheet—What the World Needs to Know Now about the Emerging Superpower (2006) and China in the World Economy (1994). Larry Summers has commented that Lardy's new book "should be read by anyone concerned with the future of the global economy."

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