{"id":15057,"date":"2015-06-08T07:16:11","date_gmt":"2015-06-08T07:16:11","guid":{"rendered":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?post_type=publication&p=15057"},"modified":"2024-08-19T14:59:41","modified_gmt":"2024-08-19T13:59:41","slug":"chinas-new-normal-structural-change-better-growth-and-peak-emissions","status":"publish","type":"publication","link":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/chinas-new-normal-structural-change-better-growth-and-peak-emissions\/","title":{"rendered":"China\u2019s \u201cnew normal\u201d: structural change, better growth, and peak emissions"},"content":{"rendered":"\n

Headline issue<\/strong><\/p>\n

China has grown rapidly – often at double-digit rates – for more than three decades
\nby following a strategy of high investment, strong export orientation and energy-intensive manufacturing. While this growth lifted hundreds of millions out of poverty, it also heightened problems of inequality – personal, regional and urban-rural – and intensified pollution, congestion and greenhouse gas (GHG) emissions.<\/p>\n

Recognising these difficulties, as well as the maturation of China’s economy in terms of skills, productivity and rising wages, and slower growth in some of China’s traditional export markets, the economic strategy has changed. China has now entered a new phase of economic development – a “new normal” – focused on better quality growth. From structural changes in the economy to explicit policies on efficiency, air pollution and clean energy, China’s new development model is continuing to promote economic growth while driving down its GHG emissions.<\/p>\n

Key findings<\/strong><\/p>\n