China S Economic Challenges Over The Next Five Years
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China S Economic Challenges Over The Next Five Years
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Author : Seung Lee
language : en
Publisher:
Release Date : 2023
China S Economic Challenges Over The Next Five Years written by Seung Lee and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with categories.
At the 20th National Congress of the Communist Party of China held in October this year, President Xi Jinping's third consecutive term was decided. As President Xi's one-man control system is firmly established, there are also concerns about the future direction of the Chinese economy. This article reviews the transformation and changes of Chinese economy from the perspective of Xi's governance philosophy and policy adjustment process, concluding with a discussion of possible developments and changes in Chinese economy.Emphasizing top-level design is a characteristic of the Xi era, with stress being placed on comprehensiveness and systematicity. In 2021, after the Chinese authorities basically completed the task of alleviating poverty, addressing the immediate problems of high expenditures related to housing, education, and health care, they launched a series of policies to advance towards common prosperity. The key to China's development is the bottleneck of its own growth. The outside world generally does not doubt China's ability to control economic fluctuations in the short-term, but there is not much confidence about whether China can achieve a balance between Zero-COVID policy and economic development, because this involves President Xi Jinping's long-term concept of governing the country. The strategic containment pressure exerted by the United States from the outside may allow him to use the power of nationalism to consolidate his leadership position, but the state-led economic growth model it has gradually shaped will provide space for rent-seeking and monopoly of state-owned enterprises. Suppressing the vitality of innovation and development of private enterprises is not conducive to long-term economic growth and common prosperity.
Understanding China S Economy
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Author : Gregory C. Chow
language : en
Publisher: World Scientific
Release Date : 1994
Understanding China S Economy written by Gregory C. Chow and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Business & Economics categories.
In the early 1990's, the world began to recognize China as a rising economic power to reckon with. China's economy is dynamic ? her human and natural resources are plentiful and her economic growth has been well sustained over the last 16 years. In fact, some have predicted that by the year 2020, China's economic output will be close to half that of the US. It is undeniable that China will be an economic giant, if she is not already one today.In this book, the author has traced China's economic development over the last 16 years. The steps and characteristics of China's economic reform are detailed. The prospects for China's economic growth are studied. The author also attempts to analyze topical issues pertaining to China's economic relations with the US and her integration with the other Asian economies. This book provides the interested reader with a bird's eye view of the Chinese economy over the last 16 years. Most chapters are written for the general reader, while a few are for professional economists. For the questions it answers or for those that it raises, this is an important book to read.
China 2049
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Author : David Dollar
language : en
Publisher: Brookings Institution Press
Release Date : 2020-06-09
China 2049 written by David Dollar and has been published by Brookings Institution Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-06-09 with Political Science categories.
How will China reform its economy as it aspires to become the next economic superpower? It's clear that China is the world's next economic superpower. But what isn't so clear is how China will get there by the middle of this century. It now faces tremendous challenges such as fostering innovation, dealing with ageing problem and coping with a less accommodative global environment. In this book, economists from China's leading university and America's best-known think tank offer in depth analyses of these challenges. Does China have enough talent and right policy and institutional mix to transit from input-driven to innovation-driven economy? What does ageing mean, in terms of labor supply, consumption demand and social welfare expenditure? Can China contain the environmental and climate change risks? How should the financial system be transformed in order to continuously support economic growth and keep financial risks under control? What fiscal reforms are required in order to balance between economic efficiency and social harmony? What roles should the state-owned enterprises play in the future Chinese economy? In addition, how will technological competition between the United States and China affect each country's development? Will the Chinese yuan emerge as a major reserve currency, and would this destabilize the international financial system? What will be China's role in the international economic institutions? And will the United States and other established powers accept a growing role for China and the rest of the developing world in the governance of global institutions such as the World Trade Organization and the International Monetary Fund, or will the world devolve into competing blocs? This book provides unique insights into independent analyses and policy recommendations by a group of top Chinese and American scholars. Whether China succeeds or fails in economic reform will have a large impact, not just on China's development, but also on stability and prosperity for the whole world.
China S Surging Economy Adjusting For More Balanced Development
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Author : John Wong
language : en
Publisher: World Scientific
Release Date : 2007-06-15
China S Surging Economy Adjusting For More Balanced Development written by John Wong and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-06-15 with Business & Economics categories.
The Chinese economy today is at a critical crossroads. Sustained rapid growth has given rise to structural strains as well as sectoral imbalances. It has also generated socio-economic problems such as rising income inequality, rural discontent and environmental degradation. All of these must be addressed before China can enter the next lap of high growth.Containing 12 chapters, this volume is a collaborative effort of leading economists from Beijing, Singapore and elsewhere in the region in analyzing China's economic growth prospects and their concomitant problems and constraints.
China S Economy Amid New Challenges
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Author : Bei Jin
language : en
Publisher: Paths International Ltd
Release Date : 2016-07-31
China S Economy Amid New Challenges written by Bei Jin and has been published by Paths International Ltd this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-07-31 with Business & Economics categories.
This book is a collection of some recent of the best articles by China Economist and it represents top Chinese economists major research outcomes and opinions on economic matters, status and trends from various perspectives. Some work with China's highest academic research institutes and policy consultation agencies, while others work with related agencies and universities. Hence, this book largely reflects the key concerns and efforts of economic research institutes, policy advisory agencies, regulatory policy research departments and universities on China's economy.From the launching of reform and opening-up in 1978 to the dawn of the 21st century, China has been transformed from a self-enclosed, planned economy to a market-based one, and the country has integrated itself into the international community. China wishes to look beyond its border and engage in equal-footed dialogue with its partners and competitors. With China's rapid emergence and great achievements, other countries increasingly want to learn more about this "e;mysterious oriental country"e; and the miraculous changes taking place here. However, we have also found that abroad, the public, high-ranking officials and even media and academia may not have a clear picture of China. Chinese scholars views on their country and beyond are not well understood by foreign scholars, not to mention people in the street, and overseas officials and scholars do not appreciate China's realities. Legitimate claims and well intentioned expressions from China are often misunderstood or distorted by the media, and it seems that the world is unprepared for a changing China. China needs to know itself and the outside world, and the world needs to have a closer look at China as well. Research on the China phenomenon and its implications has become topical around the world. Hence, developing diversified channels and platforms of communication is necessary both in China and the outside world.In this book, which includes dozens of articles written by Chinese economists and researchers, authors wish to tell the world a truth: Although China has become the world's second largest economy, its GDP per capita is very low. China remains a developing country, and development is its top priority and the basis for all welfare programs. The rights of development are basic human rights upon which China cannot waiver. Development is the best gift China has to offer to the world. Meanwhile, Chinese scholars should also recognize that China must deepen reform and expand opening-up, balance efficiency with fair income distribution, use resources in more efficient, refined and clean ways, and challenge its enterprises to assume more social responsibilities. Only in this way can China complete its historic transition from a developing country to a mature, modernized country.
China S Economy Into The New Century
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Author : John Wong
language : en
Publisher: World Scientific
Release Date : 2002
China S Economy Into The New Century written by John Wong and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Business & Economics categories.
In the last two decades of the 20th century, China stood out as the world''s star performer in economic growth, thanks to the market-oriented reform that started in 1978. At the turn of the century, the Chinese economy faces a series of challenges to sustain its growth and stability. The two-decade-long rapid growth has effectively strengthened China''s economic power and raised its people''s standard of living. It has also transformed China from a centrally planned command economy into a OC socialist market economyOCO, which operates increasingly in line with capitalist norms. Major structural problems, however, remain and are growing acute. Weakness in the fiscal system breeds rent seeking at the local level and causes tension in the state budget. The flawed financial institutions and the biased ownership structure continue to distort resource allocation and cause huge efficiency losses. Inter-provincial and inter-regional disparity is reaching a level that threatens national unity and social stability. As China joins the World Trade Organization and becomes more integrated into the world economy, it urgently needs to improve the domestic business environment and to beef up indigenous industries for foreign competition.This volume is a collection of papers written by scholars at the East Asian Institute to address those problems during the period 1999OCo2001. The authors, with their knowledge and experience in China studies, provide in-depth observations and professional analyses of some of the most important issues for the Chinese economy at the turn of the century. Some of the observations and analyses lead to enlightening policy recommendations. The solid scholarship combined with the policy orientation of these papers will appeal greatly to researchers in academia, governments and other institutions. The policy-oriented and fact-based analyses will also be of interest to practitioners in business, including business consultants."
To Get Rich Is Glorious
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Author : Jacques deLisle
language : en
Publisher: Brookings Institution Press
Release Date : 2019-09-24
To Get Rich Is Glorious written by Jacques deLisle and has been published by Brookings Institution Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-09-24 with Business & Economics categories.
" In 1978, China launched economic reforms that have resulted in one of history’s most dramatic national transformations. The reforms removed bureaucratic obstacles to economic growth and tapped China’s immense reserves of labor and entrepreneurial talent to unleash unparalleled economic growth in the country. In the four decades since, China has become the world’s second-largest economy after the United States, and a leading force in international trade and investment. As the contributors to this volume show, China also faces daunting challenges in sustaining growth, continuing its economic ransformation, addressing the adverse consequences of economic success, and dealing with mounting suspicion from the United States and other trade and investment partners. China also confronts risks stemming from the project to expand its influence across the globe through infrastructure investments and other projects under the Belt and Road Initiative. At the same time, China’s current leader, Xi Jinping, appears determined to make his own lasting mark on the country and on China’s use of its economic clout to shape the world around it. "
China S Reform In The Next Ten Years
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Author : Yilin Press
language : en
Publisher: Simon and Schuster
Release Date : 2016-05-24
China S Reform In The Next Ten Years written by Yilin Press and has been published by Simon and Schuster this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-05-24 with Political Science categories.
A collection of essays by leading Chinese political economists about the economic challenges facing China today and the reforms—to everything from financial institutions to urban housing policy—that will be necessary to prepare for the next ten years.
China S New Sources Of Economic Growth Vol 1
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Author : Ligang Song
language : en
Publisher: ANU Press
Release Date : 2016-07-21
China S New Sources Of Economic Growth Vol 1 written by Ligang Song and has been published by ANU Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-07-21 with Business & Economics categories.
China’s change to a new model of growth, now called the ‘new normal’, was always going to be hard. Events over the past year show how hard it is. The attempts to moderate the extremes of high investment and low consumption, the correction of overcapacity in the heavy industries that were the mainstays of the old model of growth, the hauling in of the immense debt hangover from the fiscal and monetary expansion that pulled China out of the Great Crash of 2008 would all have been hard at any time. They are harder when changes in economic policy and structure coincide with stagnation in global trade and rising protectionist sentiment in developed countries, extraordinarily rapid demographic change and recognition of the urgency of easing the environmental damage from the old model. China’s economy has slowed and there are worries that the authorities will not be able to contain the slowdown within preferred limits. This year’s Update explores the challenge of the slowdown in growth and the change in economic structure. Leading experts on China’s economy and environment review change within China’s new model of growth, and its interaction with ageing, environmental pressure, new patterns of urbanisation, and debt problems at different levels of government. It illuminates some new developments in China’s economy, including the transformational potential of internet banking, and the dynamics of financial market instability. China’s economic development since 1978 is full of exciting change, and this year’s China Update is again the way to know it as it is happening.
China S New Normal
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Author : Aman Saggu
language : en
Publisher:
Release Date : 2015
China S New Normal written by Aman Saggu and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
China has grown to become an economic powerhouse and engine of global demand. However, China's projected GDP growth rates are now anticipated to remain below 7% per annum over the next five years. This issue of Trade Insights examines how the 'new normal' of lower economic growth in China will impact on the prospects for trade in the Asia-Pacific region. Compared to the hypothetical scenario that China's economic growth returns to pre-crisis levels within the next five years (by 2019), forecasts show that China's 'new normal' (7% p.a.) would lead to a slowdown in real total Asia-Pacific trade growth from 7.0% to 5.9% by 2019.