A New Economic Growth Engine For China

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A New Economic Growth Engine for China

Wing Thye Woo,Ming Lu,Jeffrey D Sachs,Zhao Chen
A New Economic Growth Engine for China Book PDF

Author : Wing Thye Woo,Ming Lu,Jeffrey D Sachs,Zhao Chen
Publisher : World Scientific
Page : 308 pages
File Size : 46,8 Mb
Release : 2012-08-22
Category : Business & Economics
ISBN : 9789814425568

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A New Economic Growth Engine for China by Wing Thye Woo,Ming Lu,Jeffrey D Sachs,Zhao Chen Pdf

This volume is a report by leading international economic experts on China's economic priorities in the coming years. From various aspects of the domestic and foreign situation, China has now reached a critical juncture in its economic development. Unless China is able to overcome the difficulties in undertaking further reforms in the next ten years, China would be caught in the middle-income trap and be unable to become a modern country. The future course of China's economic development is also of great concern to the rest of the world because the socio-political-economic conditions in China will have significant impact on global economic prosperity and on global political harmony. The book is a product of close collaboration between the School of Economics at Fudan University and the Earth Institute at Columbia University. They cover a new paradigm for growth, short-term demand management, institutional reforms for middle-term growth, and strengthening the fundamentals for long-term growth. Contents:A New Economic Growth Engine for the 21st Century: Change Out Not Scale Up the Present Policy Regime:The Major Types of Middle-income Trap That Threaten China (Wing Thye Woo)Short-term Demand Management: Working the Hardware Correctly:A Prediction of China's Economy in 2012: Soft Landing and Back to the Normal (Gang Fan and Liping He)The Correction of China's Twin Surpluses (Yongding Yu)The Long-run Growth and Short-run Fluctuations of the Chinese Economy (Zhigang Yuan and Yuxin Yu)Institutional Reforms for Middle-term Growth: Upgrading the Hardware and Software:Reforming China's Public Pension System: Coping Effectively with Aging, Urbanization and Globalization (Jin Feng and Lixin He)Unraveling the Gridlock on Fiscal Reform in China: Government, Market and Central-local Relations (Yan Zhang)China's Financial Sector Development: Understanding the Past and Shaping the Future (Liqing Zhang and Xiaofen Tan)On Regional and Inter-household Inequality in China (Guanghua Wan, Jingjing Ye and Juzhong Zhuang)Strengthening the Long-term Growth Fundamentals: Sustaining the Power Supply:Ensuring Efficiency and Equality in China's Urbanization and Regional Development Strategy (Zhao Chen and Ming Lu)China 2049: Energy Security and Climate Change (Klaus S Lackner and Sarah Brennan)The Sustainability of Water Resources in China (Ximing Cai and Upmanu Lall) Readership: Researchers, students and readers interested in China's economy. Keywords:China;Chinese Economy;Asian Economies;Policies;Economic ReformReviews: "China has enjoyed an unusually long run of high ‘catch-up’ economic growth. Continuing to close the income gap between China and the highest income countries, however, poses new and more demanding challenges. This book edited by Wing Thye Woo et al. and including essays by some of China's best economists is a first rate effort to both define these challenges and to suggest solutions." Dwight Perkins Professor Emeritus of Economics, Harvard University "Will China keep growing rapidly to become a high-income country? No question is more consequential for the world economy. In this book, some of the best analysts of China examine the challenges and give us important answers." Ross Garnaut Chair, China Studies Program, Crawford School of Public Policy, Australian National University Former Ambassador of Australia to China "The economic problems that China faces are very complicated. The boldly creative solutions offered deserve serious study by policy-makers not only in China but also in other large countries because of the broad applicability of the innovative policy perspective that guides the analyses." Yang Yuliang President, Fudan University

China

Ross Garnaut,Ligang Song
China Book PDF

Author : Ross Garnaut,Ligang Song
Publisher : ANU E Press
Page : 500 pages
File Size : 52,8 Mb
Release : 2012-12-01
Category : Political Science
ISBN : 9781922144553

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China by Ross Garnaut,Ligang Song Pdf

Twenty-five years of reform have transformed China from a centrally planned and closed system to a predominantly market-driven and open economy. As a consequence, China is emerging as the new powerhouse for the world economy. China: new engine for world growth discusses the impact and significance of this transformation. It points out risks to the growth process and unfinished tasks of reform. It presents conclusions from recent research on growth, trade and investment, the financial sector, income and regional disparities, industrial location and private sector development.

China's New Sources of Economic Growth: Vol. 1

Ligang Song,Ross Garnaut,Cai Fang,Lauren Johnston
China s New Sources of Economic Growth Vol 1 Book PDF

Author : Ligang Song,Ross Garnaut,Cai Fang,Lauren Johnston
Publisher : ANU Press
Page : 545 pages
File Size : 55,6 Mb
Release : 2016-07-21
Category : Business & Economics
ISBN : 9781760460358

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China's New Sources of Economic Growth: Vol. 1 by Ligang Song,Ross Garnaut,Cai Fang,Lauren Johnston Pdf

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.

Innovative China

Development Research Center of the State Council;World Bank Group
Innovative China Book PDF

Author : Development Research Center of the State Council;World Bank Group
Publisher : World Bank Publications
Page : 335 pages
File Size : 43,6 Mb
Release : 2020-01-13
Category : Business & Economics
ISBN : 9781464814204

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Innovative China by Development Research Center of the State Council;World Bank Group Pdf

After more than three decades of average annual growth close to 10 percent, China's economy is transitioning to a 'new normal' of slower but more balanced and sustainable growth. Its old drivers of growth -- a growing labor force, the migration from rural areas to cities, high levels of investments, and expanding exports -- are waning or having less impact. China's policymakers are well aware that the country needs new drivers of growth. This report proposes a reform agenda that emphasizes productivity and innovation to help policymakers promote China's future growth and achieve their vision of a modern and innovative China. The reform agenda is based on the three D's: removing Distortions to strengthen market competition and enhance the efficient allocation of resources in the economy; accelerating Diffusion of advanced technologies and management practices in China's economy, taking advantage of the large remaining potential for catch-up growth; and fostering Discovery and nurturing China's competitive and innovative capacity as China approaches OECD incomes in the decades ahead and extends the global innovation and technology frontier.

New Economic Engine: Effective Government and Efficient Market

Yunxian Chen
New Economic Engine Effective Government and Efficient Market Book PDF

Author : Yunxian Chen
Publisher : Springer Nature
Page : 126 pages
File Size : 41,6 Mb
Release : 2020-04-01
Category : Business & Economics
ISBN : 9789811529221

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New Economic Engine: Effective Government and Efficient Market by Yunxian Chen Pdf

This book contains at least three main highlights: breaking through the limitations of the mainstream Western economics system and the market theory framework, correctly explaining the successful experience of China’s reform and opening up over the past 40 years from an economic perspective, and developing a new economics system and market theory. China’s reform and opening up and innovative developments have provided a wide range of materials and resources for this theory; the results of this research will be integrated into world economic theories and serve the economic development and economic growth across the world.

The Chinese Economy

Masahiko Aoki,Jinglian Wu
The Chinese Economy Book PDF

Author : Masahiko Aoki,Jinglian Wu
Publisher : Springer
Page : 298 pages
File Size : 51,8 Mb
Release : 2016-04-30
Category : Business & Economics
ISBN : 9781137034298

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The Chinese Economy by Masahiko Aoki,Jinglian Wu Pdf

China has enjoyed a higher growth rate for a longer period than any other nation to date. This volume brings together leading economists to analyse this unprecedented economic boom, and discuss prospects for the future. Chapters address a wide range of issues, covering not only financial systems, but also the social and cultural impact of growth.

China: New Engine of World Growth

Ross Garnaut,Ligang Song
China New Engine of World Growth Book PDF

Author : Ross Garnaut,Ligang Song
Publisher : Unknown
Page : 0 pages
File Size : 45,8 Mb
Release : 2012
Category : Electronic
ISBN : OCLC:1401240693

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China: New Engine of World Growth by Ross Garnaut,Ligang Song Pdf

Twenty-five years of reform have transformed China from a centrally planned and closed system to a predominantly market-driven and open economy. As a consequence, China is emerging as the new powerhouse for the world economy. China: new engine for world growth discusses the impact and significance of this transformation. It points out risks to the growth process and unfinished tasks of reform. It presents conclusions from recent research on growth, trade and investment, the financial sector, income and regional disparities, industrial location and private sector development. Ross Garnaut is a Professor of Economics in the Research School of Pacific and Asian Studies, and Chairman of the China Economy and Business Program at The Australian National University. He was Australia's Ambassador to China in the 1980s. Ligang Song is a Fellow in the Asia Pacific School of Economics and Government, and Director of the China Economy and Business Program at The Australian National University.

China's Economic Development Strategies: Transformation And Innovation

Rui Liu
China s Economic Development Strategies Transformation And Innovation Book PDF

Author : Rui Liu
Publisher : World Scientific
Page : 347 pages
File Size : 41,5 Mb
Release : 2020-04-28
Category : Business & Economics
ISBN : 9789811205620

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China's Economic Development Strategies: Transformation And Innovation by Rui Liu Pdf

China is a powerful engine of the global economy and the country's rise is undoubtedly the outcome of its protracted campaign of designing and implementing national development strategies since the founding of the People's Republic of China in 1949. This book reviews the transformation and innovation of China's economic development strategies, especially Deng Xiaoping's Three-Step strategy and Xi Jinping's internal and external strategies. By introducing the concept of strategic paradigm, it analyzes the theoretical basis of myriads of economic development strategies and predicts China's choice. With the evolutionary process and the outstanding problems in national development planning as the main thread, it discusses the improvement of the national planning system, specifically of the national overall planning system, the regional planning system, the interplay and conflict between regional planning. It also studies the reform of city-county planning system, major function-oriented zones (MFOZs) and planning legislation and institutionalization. It also attempts to put forward proposals to coordinate the interests of planning departments and make different types of planning at different administrative levels compatible.

China's Economy In Transformation Under The New Normal

Sarah Yueting Tong,Jing Wan
China s Economy In Transformation Under The New Normal Book PDF

Author : Sarah Yueting Tong,Jing Wan
Publisher : #N/A
Page : 244 pages
File Size : 42,9 Mb
Release : 2017-07-07
Category : Business & Economics
ISBN : 9789813208216

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China's Economy In Transformation Under The New Normal by Sarah Yueting Tong,Jing Wan Pdf

This book examines the recent development and prospect of the Chinese economy as the country adapts to changing domestic and external settings. After more than three decades of near double-digit annual expansion, the country's growth decelerated considerably to enter a new era of the so-called New Normal.At the macro level, considerable amount of overhaul is required to improve governance and enhance regulatory effectiveness. These include monetary policy adjustment, financial sector development and taxation reforms.As the Chinese government at both the central and local levels plays an important role in promoting growth, issues such as the role of local government and the reform of state-owned enterprises are examined in this book. Topics such as the development of private consumption and industrial upgrading are also assessed. The book discusses several matters considered important to China's social and economic cohesion including the management of agricultural product reserves, the development of a functioning social security system and regional development. To help project a long-term view of China's economic strength, the book also examines such factors as development in population and the labour market.This book provides a comprehensive analysis of China's economy and identifies the recent developments that matter to China's economic future.

Building Engines for Growth and Competitiveness in China

Douglas Zhihua Zeng
Building Engines for Growth and Competitiveness in China Book PDF

Author : Douglas Zhihua Zeng
Publisher : World Bank Publications
Page : 260 pages
File Size : 50,9 Mb
Release : 2010
Category : Business & Economics
ISBN : 9780821384329

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Building Engines for Growth and Competitiveness in China by Douglas Zhihua Zeng Pdf

This book reveals fascinating insights into the two remarkable engines fueling China's economic success: special economic zones (SEZs) and industrial clusters. Douglas Zeng provides an excellent overview of China's SEZs and clusters, their background, success factors, challenges, and possible solutions. The five well-written case studies delve into the rich detail of the evolution and success of SEZs and clusters in key growth regions of China. The views on the distinctions and convergence of SEZs and clusters are fresh and in-depth. As China celebrates the 30th anniversary of its SEZ policy, the publication of this book could not have been more timely. With growing interest in China's experience, this book is a must-read for policy makers, development practitioners, business leaders, and scholars worldwide who are eager to learn from China's success.---Eric Roll Hansen President of Economic Transformations Group, Inc. China's economic rise continues to amaze. This book provides important new insights into two dimensions that, when combined, are emblematic of the nature of China's economic transformation. The creation of special economic zones (SEZs) has been a core element of the government's strategy to drive growth through a process of selective reforms in specific regions. The emergence of clusters has been a market-driven response to the new opportunities opening up in China. The case studies in this book suggest that Chinese SEZs and clusters have often been successful precisely because pragmatic policies allow them to become mutually reinforcing. This book will help researchers and policy makers better understand China's growth, past and current, as well as the lessons the country holds for the effective use of SEZs and clusters in organizing economic policies.---Christian Ketels Principal Associate of the Institute for Strategy and Competitiveness at Harvard Business School and Director of the Competitiveness Institute (TCI)

China's Remarkable Economic Growth

John Knight,Sai Ding
China s Remarkable Economic Growth Book PDF

Author : John Knight,Sai Ding
Publisher : OUP Oxford
Page : 368 pages
File Size : 46,7 Mb
Release : 2012-04-12
Category : Political Science
ISBN : 9780191641022

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China's Remarkable Economic Growth by John Knight,Sai Ding Pdf

How has the Chinese economy managed to grow at such a remarkable rate - no less than ten per cent per annum - for over three decades? This well-integrated book combines economic theory, empirical estimation, and institutional analysis to address one of the most important questions facing contemporary economists. A common thread that runs throughout the book is the underlying political economy: why China became a 'developmental state', and how it has maintained itself as a 'developmental state'. The book examines the causal processes at work in the evolution of China's institutions and policies. It estimates cross-country and cross-province growth equations to shed light on the proximate, and some of the underlying, determinants of the growth rate. It explores important consequences of China's growth, posing a series of key questions, such as: is the economy running out of unskilled labour; why and how has inequality risen; has economic growth raised happiness; what are the social costs of the overriding priority accorded to growth objectives; can China continue to grow rapidly, or will the maturing economy, or the macroeconomic imbalances, or financial crisis, or social instability, bring it to an end? Based mainly on original research, this book will be of interest to growth economists, development economists, transition economists, China specialists, policy-makers, and indeed all those who are intrigued by the Chinese growth phenomenon.

How China Grows

James Riedel,Jing Jin,Jian Gao
How China Grows Book PDF

Author : James Riedel,Jing Jin,Jian Gao
Publisher : Princeton University Press
Page : 224 pages
File Size : 42,8 Mb
Release : 2023-06-06
Category : Business & Economics
ISBN : 9780691248066

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How China Grows by James Riedel,Jing Jin,Jian Gao Pdf

Why investment and financial reform are essential to China's continued economic well-being Although China's economy has grown spectacularly over the last twenty-five years, economists disagree about how the Chinese economy is likely to fare in the short- and long-term future. Is China's growth sustainable, or has China relied too much on investment, which is subject to diminishing returns, and not enough on technological change? The first book on the relation between investment, finance, and growth in China, How China Grows dismisses this concern. James Riedel, Jing Jin, and Jian Gao argue that investment has not only been the engine of growth, but also the main source of technological progress and structural change in China. What threatens future growth instead, the authors argue, are the weaknesses of China's financial system that undermine efficiency in investment allocation. Financial-sector reform and development are necessary, not only for sustaining long-term growth, but also for maintaining macroeconomic stability. Although it includes some technical economic analysis, How China Grows is accessible to noneconomists and will benefit anyone who is interested in development finance in general and in China's economic growth in particular—whether economists, political scientists, bankers, or business people.

China

Ross Garnaut,Ligang Song,Cai Fang
China Book PDF

Author : Ross Garnaut,Ligang Song,Cai Fang
Publisher : ANU E Press
Page : 388 pages
File Size : 44,6 Mb
Release : 2013-07-01
Category : Business & Economics
ISBN : 9781921666490

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China by Ross Garnaut,Ligang Song,Cai Fang Pdf

The Chinese economy is undergoing profound change in policy and structure. The change is necessary to increase the value of growth to the Chinese community, and to sustain growth into the future. The changes are so comprehensive and profound that they represent a new model of Chinese economic growth. This book describes the replacement of an old uninhibited investment expansion model of growth, by transition to modern economic growth and provides insights into recent changes and where they are likely to lead. These include requirements for building the new institutions including its public finances for future growth, adjustments in its savings, industry and agriculture, changes in its demographic structure, business environment, and pattern of rural-urban migration, prospects for 'green growth', its energy policy trilemma and the climate change mitigation strategy, and changes for China's interaction with the international economy through its overseas investment and trade in high tech products. China's adoption of a new model of economic growth is of immense importance to people in China and everywhere. This book is an early attempt to take a close look at many of the features of the new model.

Transformation Of China's Economic Development, The: Perspectives Of Sino-us Economists

Wandong Yang,Jianjun Zhang,Shudong Huang,Andong Zhu
Transformation Of China s Economic Development The Perspectives Of Sino us Economists Book PDF

Author : Wandong Yang,Jianjun Zhang,Shudong Huang,Andong Zhu
Publisher : World Scientific
Page : 316 pages
File Size : 51,5 Mb
Release : 2019-12-04
Category : Political Science
ISBN : 9789811202742

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Transformation Of China's Economic Development, The: Perspectives Of Sino-us Economists by Wandong Yang,Jianjun Zhang,Shudong Huang,Andong Zhu Pdf

This book examines the economic, cultural and structural factors affecting China's economic growth, and expounds why China's economy has been so successful in the past, and the challenges that lie ahead for the country amidst the changing world, new challenges and uncertainties. The authors lay out their thoughts persuasively and powerfully, advocating changes that should be implemented in order to achieve a successful economic transformation of China's economy. Through an exchange of ideas among the four Chinese authors, each of whom hail from different backgrounds, practical solutions are presented in the book.

China's New Sources of Economic Growth

Ligang Song,Ross Garnaut,Fang Cai,Lauren Johnston
China s New Sources of Economic Growth Book PDF

Author : Ligang Song,Ross Garnaut,Fang Cai,Lauren Johnston
Publisher : Unknown
Page : 468 pages
File Size : 46,8 Mb
Release : 2017-07-20
Category : China
ISBN : 1760461296

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China's New Sources of Economic Growth by Ligang Song,Ross Garnaut,Fang Cai,Lauren Johnston Pdf

China's efforts in searching for new sources of growth are increasingly pressing given the persistence of the growth slowdown in recent years. This year's book elucidates key present macroeconomic challenges facing China's economy in 2017, and the impacts and readiness of human capital, innovation and technological change in affecting the development of China's economy. The book explores the development of human capital as the foundations of China's push into more advanced growth frontiers. It also explores the progress of productivity improvement in becoming the primary mechanism by which China can sustain economic growth, and explains the importance of China's human capital investments to success on this front. The book demonstrates that technical change is a major contributor to productivity growth; and that invention and innovation are increasingly driving technical change but so far lumpily across regions, sectors and invention motivations. Included are chapters providing an update on reform and macroeconomic development, educational inequality, the role of intangibles in determining China's economic growth, and China's progress in transitioning towards being an innovative country. The book also covers the regional dimension of innovation and technological progress by sector: in agricultural productivity, renewable energy, and financial markets. Chapters on trade, investment, regional cooperation and foreign aid explore further the mechanisms through which technological change and innovative activities are emerging locally and internationally.