Economics

China has been the fastest growing economy in the world over the past 20 years. It now faces several challenges to its continued growth.

a. Which of the major components of GDP has driven China's growth over these past 2 decades? Which component has been purposely curtailed in order to drive this growth?

b. What are 3 of the most significant challenges to China's continued growth over the next couple of decades?

c. If China succeeds in becoming a more domestically-driven economy, how will the sizes of the component shares of its GDP be affected--which will become larger shares and which will become smaller shares and why?