Challenges For The Future Of Chinese Economic Growth

Author : Jane Haltmaier
Publisher : Unknown
Page : 0 pages
File Size : 44,7 Mb
Release : 2017
Category : Electronic
ISBN : OCLC:1375591621

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Challenges for the Future of Chinese Economic Growth by Jane Haltmaier Pdf

The Chinese economy has been growing at a rapid pace for over thirty years. Most of this growth has come from higher labor productivity, while growth of employment has diminished along with a slower rate of increase in the working-age population. This paper looks at the challenges that China will face over the next two decades in maintaining its rapid pace of economic growth, especially as working-age population growth slows further and then begins to decline. Key questions include whether China will be able to continue to devote nearly half of its GDP to investment, whether such investment will become less productive as the capital-labor ratio continues to rise, whether labor participation and employment rates will fall as the population becomes less rural, and whether future shifts out of rural employment will go more toward the services rather than the manufacturing sector, where productivity is higher. In the baseline scenario economic growth falls gradually from its current pace of about 10 percent to near 61⁄2 percent by 2030. However, a combination of less optimistic, but still reasonable assumptions, results in a reduction in the growth rate to about 11⁄2 percent by 2030.

Author : David Dollar,Yiping Huang,Yang Yao
Publisher : Brookings Institution Press
Page : 444 pages
File Size : 46,8 Mb
Release : 2020-06-09
Category : Political Science
ISBN : 9780815738060

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China 2049 by David Dollar,Yiping Huang,Yang Yao Pdf

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.

Author : Joint Economic Committee Congress of the United States
Publisher : Routledge
Page : 689 pages
File Size : 54,8 Mb
Release : 2016-12-05
Category : Business & Economics
ISBN : 9781315293318

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China's Economic Future by Joint Economic Committee Congress of the United States Pdf

This is the latest Joint Economic Committee volume on the Chinese economy. With the current state of US-China relations and Hong Kong's accession in 1997, the study should provide policy makers in the USA with a useful tool in guiding economic policy toward China.

Author : David Shambaugh
Publisher : Routledge
Page : 190 pages
File Size : 53,6 Mb
Release : 2012-03-29
Category : Business & Economics
ISBN : 9781136729065

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Charting China's Future by David Shambaugh Pdf

Every day and everywhere, China figures prominently in global attention: companies and banks weigh billions in investments; hedge fund managers assess and speculate on downside risks; commodity traders and natural resource producers salivate over China’s energy appetite; intelligence agencies carefully track China’s growing global footprint; militaries monitor China’s growing military capabilities; diplomats grapple with a new assertiveness in China’s diplomatic posture; scholars try to understand the shifting dynamics and sources of China’s behaviour; while journalists track the latest changes in China’s economy, polity, and society. Charting China’s Future provides informed analysis on the complexities of today’s China, and where these complexities may lead, from some of the world’s leading Asia experts. The contributors have provided clear, intelligible, and forward-looking analyses, free of social science jargon and extensive footnotes. Probing into many of the key domestic and external issues facing China today from political, economic and social perspectives the book proffers a forward-looking analysis that will appeal to anyone with a professional, academic or personal interest in the big issues facing today's China and its interaction with the world. Readers will find much to contemplate about China’s future in this volume, and will gain a clearer sense of the key variables and possible trajectories of one of the most consequential countries on the planet.

Author : Ming Lu,Zhao Chen,Yongqin Wang,Yan Zhang,Yuan Zhang,Changyuan Luo
Publisher : Edward Elgar Publishing
Page : 241 pages
File Size : 54,7 Mb
Release : 2013-01-01
Category : Business & Economics
ISBN : 9780857935090

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China's Economic Development by Ming Lu,Zhao Chen,Yongqin Wang,Yan Zhang,Yuan Zhang,Changyuan Luo Pdf

Written by distinguished Chinese academics, this book provides a unique and rare insight into the development of the modern Chinese economy. The authors identify three major factors in the growth of the Chinese economy: economic decentralization and political centralization; the urbanÐrural divide; and relational society. These are explored in depth via analyses of factors including urban and rural economic development and their political and social foundations, industrial agglomeration, transitions of public services and governmental responsibilities towards them and developmental imbalances and mechanisms. It is illustrated that whilst contemporary China has obviously made great economic strides, a wide variety of problems are accumulating over time. The book concludes that following three decades of high economic growth, China now faces great challenges for sustainable growth, and the institutions of ChinaÕs economy have reached a critical point. Strategies for dealing with these challenges and requirements for the successful future development of China are thus prescribed. This fascinating book will provide a stimulating read for scholars, students and researchers in the fields of Asian studies, economics and development.

Author : Justin Yifu Lin
Publisher : World Scientific
Page : 215 pages
File Size : 45,8 Mb
Release : 2014
Category : Business & Economics
ISBN : 9789814522328

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New Paradigm for Interpreting the Chinese Economy by Justin Yifu Lin Pdf

Since the reform and opening up in 1978, the Chinese economy has grown rapidly. China has become the focus of the world due to its astonishing achievements in every aspect of its economical growth. The country''s transformation process has witnessed unprecedented social and economic phenomena and the existing economic theories have not been able to explain this rapid growth. Therefore, there is a need to establish new theories. This book fills the gap by bringing forth new ideas and economic theories.The author, who is one of China''s most prestigious economists, has a profound understanding of the country''s social, economic and political structures. The book is a collection of his most representative works in the recent years. The chapters not only investigate problems and challenges faced by the Chinese economy, but also shed new light on the solutions and opportunities. Sample Chapter(s). Chapter 1: Prospect for the Chinese Economy in the 21st Century OCo Speech for the 2001 BiMBA Top Management Class of Beijing University (135 KB). Contents: Prospect for the Chinese Economy in the 21st Century; Economic Development and Chinese Culture; The Revival of China and the Future of Chinese Merchants; Curb Overheating to Prevent Supercooling; Window Guidance and Macro-Control; Will the Reform of Exchange Rate Regime of RMB be Successful?; Commercial Environment Construction and Macro-Economic Development. Readership: Researchers, professionals, undergraduate and graduate students interested in unique situations and rapid development of the Chinese Economy, including economic theories, current challenges and future developments.

Author : Charles C.L. Kwong
Publisher : Routledge
Page : 129 pages
File Size : 43,9 Mb
Release : 2019-12-09
Category : Business & Economics
ISBN : 9781351051200

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The Chinese Economy and its Challenges by Charles C.L. Kwong Pdf

The remarkable transformation of the Chinese economy in terms of its structure and growth has drawn unprecedented attention from academics, policy makers and businessmen alike. In the past four decades, China swiftly transformed from a centrally-planned to a market-oriented economy, with an economic size just behind the US and ahead of Japan. Amid commendations for China's economic success offering valuable reform and growth lessons to other developing countries, underlying challenges have been emerging, which constitute long-term risks in shaking China's sustainable success. These challenges encompass a wide range of sectors and issues such as the rural-urban divide, state monopoly, policy loans in the banking sector, lack of skilled and sophisticated workers, environmental degradation, etc. This book unveils the risks and challenges embedded in China's spectacular economic success and demonstrates that effective handling of these challenges is vital for China to avoid falling into the "middle-income trap". It is elucidated that feasible solutions are available to accommodate these risks and the clue of success lies on the willingness and ability of China's central leaders to implement further reforms. This book is a valuable reference for undergraduate and postgraduate students, academics, and public and business policy makers who are concerned about the current status and future development of the Chinese economy.

Author : Iris Claus,Les Oxley
Publisher : John Wiley & Sons
Page : 208 pages
File Size : 46,7 Mb
Release : 2015-02-16
Category : Business & Economics
ISBN : 9781118982471

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China's Economy by Iris Claus,Les Oxley Pdf

This collection of critical surveys provides readers with a range of up-to-date work from leading scholars in the area, writing on some of the key issues facing China, as they survey the present and future challenges of the Chinese economy Nine papers provide detailed discussion on key aspects of the past, present and future of the Chinese economy Leaders in their relevant fields of scholarship tackle some of the critical issues facing China Contributors identify common themes, including the household registration system, urbanization, demographic transition, inequality and the sustainability of economic growth Articles provide a critical review of the literature and discuss policy implications and areas for future research

Author : Jin Zhang,Zhang Laiming
Publisher : Routledge
Page : 316 pages
File Size : 50,9 Mb
Release : 2017-09-22
Category : Social Science
ISBN : 9781351731454

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China and the World Economy by Jin Zhang,Zhang Laiming Pdf

This book brings together leading international scholars and leading scholars from China’s highly prestigious Development Research Centre of the State Council of the People’s Republic of China, who all put forward their insights into the current challenges for the Chinese and the world economy. The book focuses on six topics: economic growth, trade, industry and services, innovation, finance, and environment and ecology, all of which are central to the sustainable economic growth of China and the world. Overall, the book provides balanced perspectives as well as rich empirical evidence from China and other parts of the world on the development and regulation of the Chinese and the world economy.

Author : Ligang Song,Yixiao Zhou
Publisher : ANU Press
Page : 248 pages
File Size : 45,9 Mb
Release : 2021-09-02
Category : Business & Economics
ISBN : 9781760464530

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China’s Challenges in Moving towards a High-income Economy by Ligang Song,Yixiao Zhou Pdf

With its per capita income surpassing US$10,000, China has now drawn up ambitious plans to further lift its income to the level of developed countries. Yet various constraints need to be overcome if China is to build on the achievements of the last 40 years and further boost its growth potential. Besides these constraints, the year 2020 saw human societies hit heavily by the COVID-19 pandemic and the global economy caught off guard and dipped into recessions caused by lockdown measures for controlling the spread of the pandemic. Nations around the world have experienced grave loss of human life and lockdown measures have knocked economies from their normal growth trajectories. Even as the pandemic continues to unfold, all signs point to China as being the first major economy to have emerged out of the crisis. But many questions remain. Has the Chinese economy emerged from the pandemic crisis relatively unscathed? What are the long-term prospects for its economy? This year’s Update book, China’s Challenges in Moving towards a High-income Economy, explores the challenges faced by the Chinese economy in the transition towards a high-income economy, including agricultural development, finance and fiscal system reform, RMB internationalisation, trends in urbanisation, as well as topics related to innovation, corporate sector development and market competition. China’s growth experience has been full of exciting changes and important lessons for reform and structural changes, and this year’s China Update is again the way to gain insights into these.

Author : W. John Hoffmann,Michael J. Enright
Publisher : John Wiley & Sons
Page : 339 pages
File Size : 51,9 Mb
Release : 2008
Category : Business & Economics
ISBN : 9780470822449

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China Into the Future by W. John Hoffmann,Michael J. Enright Pdf

China has become one of the most important forces in the world today, and this book combines views of her internal and external political relations, of the fundamentals of her economic development, and of the political, social and economic pressures that will influence her future.

Author : Angang Hu
Publisher : Routledge
Page : 286 pages
File Size : 50,5 Mb
Release : 2006-11-22
Category : Business & Economics
ISBN : 9781134179237

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Economic and Social Transformation in China by Angang Hu Pdf

The Center for China Studies is among China’s most influential think-tanks, and its China Studies Reports are read at the highest levels of government. Now for the first time, the most important of these reports is collected in book form in English, providing a fascinating insight into the challenges and opportunities for Chinese development and the government’s thinking on economic and social issues. Including comparative studies with developed and developing nations, analysis of past economic performance and future trends, and effects of demographic shifts such as population ageing and urbanization, this book is an essential collection of research and includes notes made by central party leaders. Compiled by the founder of the Center for China Studies, one of the country’s leading economists, this book is key to understanding Chinese development and the likely future path of government policy.

Author : Jane Golley,Ligang Song
Publisher : ANU E Press
Page : 362 pages
File Size : 50,9 Mb
Release : 2011-06-01
Category : Political Science
ISBN : 9781921862298

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Rising China by Jane Golley,Ligang Song Pdf

Where the last three decades of the 20th century witnessed a China rising on to the global economic stage, the first three decades of the 21st century are almost certain to bring with them the completion of that rise, not only in economic, but also political and geopolitical terms. China's integration into the global economy has brought one-fifth of the global population into the world trading system, which has increased global market potential and integration to an unprecedented level. The increased scale and depth of international specialisation propelled by an enlarged world market has offered new opportunities to boost world production, trade and consumption; with the potential for increasing the welfare of all the countries involved. However, China's integration into the global economy has forced a worldwide reallocation of economic activities. This has increased various kinds of friction in China's trading and political relations with others, as well as generating several globally significant externalities. Finding ways to accommodate China's rise in a way that ensures the future stability and prosperity of the world economy and polity is probably the most important task facing the world community in the first half of the 21st century. The book delves into these issues to reflect upon the wide range of opportunities and challenges that have emerged in the context of a rising China.

Author : Anonim
Publisher : Unknown
Page : 634 pages
File Size : 48,9 Mb
Release : 1996
Category : Business & Economics
ISBN : STANFORD:36105062091215

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China's Economic Future by Anonim Pdf

Author : Maddison Angus
Publisher : OECD Publishing
Page : 196 pages
File Size : 41,7 Mb
Release : 1998-09-25
Category : Electronic
ISBN : 9789264163553

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Development Centre Studies Chinese Economic Performance in the Long Run by Maddison Angus Pdf

The study provides a major reassessment of the scale and scope of China’s resurgence over the past half century, employing quantitative measurement techniques which are standard practice in OECD countries, but which have not hitherto been available for China.