Abstract: The exponential boom of the Chinese economy in the past decade and its potential for sturdy increase into the foreseeable future has precipitated anxieties within the rest of the world. Some commentators see Chinese boom fully in terms of opposition for exchange and funding possibilities with different growing economies and a prime cause of structural changes inside the superior industrialized economies. In particular there were warnings of intense consequences for global agricultural markets. In this paper we use Chinese listed corporations to measure the sustainability of China’s rapid increase through the estimation of industry total component productivity. This paper assesses the productiveness of the China’s corporate quarter to gauge the sustainability of financial boom in China. As shown in figure 1(1), the China’s financial system grew hastily at higher than 10 percent annually on average from the Nineties to the worldwide financial crisis. even though the growth charge has declined to the unmarried digit level because the disaster, the chinese financial system is still main the sector economy, growing at a better fee than that of the arena economic system.1 The growth prospect of the chinese financial system has giant implications for the worldwide financial system. Till recently, monetary boom in China have been driven with the aid of rapid developing TFP and capital accumulation.
This model captures now not simplest the composition of the direct exchange influences of traits in the China’s economic system however additionally the results of the endogenous flows of financial capital on macroeconomic adjustment within the global financial system.
Keywords: Chinese economy, China’s financial system, global agricultural markets, global financial system.
Title: CHINA’S RAPID ECONOMIC GROWTH: EXAMINING EVIDENCE BASED MICRO LEVEL DATA
Author: MAYOWA OMOSA
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
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