Читать книгу The Emerging Markets Handbook - Pran Tiku - Страница 96
Exhibit 3 – Top 15 manufacturers by share of global manufacturing – large developing economies are increasing their share
ОглавлениеData: HIS Global Insight, McKinsey Institute analysis
Between 2007 and 2011 China ramped up its investment as a percentage of GDP to close to 50% to counteract the effects of the global financial crisis. By 2011, this investment had reached an all-time high of 49.2% (see Exhibit 4). Between 2002 and 2011 fixed investment grew by 13.5% a year. Much of this investment went to infrastructure and real estate as opposed to consumption. Typically a high investment-to-GDP ratio is a good thing, but China might have over extended itself on this front by creating excess capacity, thus sowing the seeds of a potential real estate bubble.
