Brandt, Loren; Litwack, John Michael; Mileva, Elitza; … - 2020
China's economy grew by an impressive 10 percent per year over four decades. Productivity improvements within sectors … after 2007. Furthermore, the allocation of a larger share of credit and investment to infrastructure and housing led to … lower returns to capital, a rapid buildup in debt, and higher risks to growth. China's growth potential remains high, but …
