HKU Bulletin December 2014 (Vol. 16 No.1)

GROWING PAINS China has the world’s second largest economy and it is predicted to be the largest within a decade. But this phenomenal growth has been accompanied by difficult adjustments. HKU scholars have been studying the corruption, underground dealings and fake goods that have emerged amid the country’s transition to a market economy. Scholars also study how the Chinese Government is trying to create the right macroeconomic environment for a healthy and sustainable development. 04 | 05 The University of Hong Kong Bulletin | December 2014 Cover Story

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