Growth Slowdown in China since 2008: Will There Be a Hard Landing in the Near Future?

China has witnessed an unprecedented great leap forward in investment since the 2008 global financial crisis, and at the same time real GDP growth has undergone a significant slowdown. This paper examines China's growth slowdown since 2008 up to 2013 using a growth accounting model in a systematic way. It is found that China's growth slowdown since 2008 almost completely comes from a sharp slowdown in total factor productivity growth. During this period, the positive effect on growth from expanding investment has been completely offset by the negative effect of the slowdown in total factor productivity growth. Currently, China's economy has slid into the Solow downward path. Under these circumstances, a soft landing is completely infeasible. Unless the Chinese Government implements substantial rebalancing and comprehensive and in‐depth market‐oriented reform, accompanied by large‐scale de‐investment (decreasing in the ratio of investment in GDP) and massive employment adjustment, China will be unable to avoid the Solow downward path, and a hard landing in investment will be inevitable in the near future.     

城市生态滨江绿地定量评价与对策研究

城市滨江绿地是城市水域与城市陆域的中间区域,是整个城市生态系统的重要组成部分。以生态可持续作为主要理念,在AVC理论基础上构建城市生态滨江绿地定量评价体系,并参考层次分析法以完善体系指标权重。选取阆中市的三段滨江绿地作为实证评价对象,得出各段分数,分析存在问题并提出合理对策。