China In The Global Economy Challenges For China S Public Spending Toward Greater Effectiveness And Equity
China In The Global Economy Challenges For China S Public Spending Toward Greater Effectiveness And Equity Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of China In The Global Economy Challenges For China S Public Spending Toward Greater Effectiveness And Equity book. This book definitely worth reading, it is an incredibly well-written.
China in the Global Economy Challenges for China's Public Spending Toward Greater Effectiveness and Equity by OECD Pdf
This book provides a detailed and up-to-date picture of the current state of China's public expenditure policies, the main reforms that are being undertaken, and the problems that remain to be resolved.
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.
China's Economic Rise by Congressional Research Service Pdf
Prior to the initiation of economic reforms and trade liberalization 36 years ago, China maintained policies that kept the economy very poor, stagnant, centrally-controlled, vastly inefficient, and relatively isolated from the global economy. Since opening up to foreign trade and investment and implementing free market reforms in 1979, China has been among the world's fastest-growing economies, with real annual gross domestic product (GDP) growth averaging nearly 10% through 2016. In recent years, China has emerged as a major global economic power. It is now the world's largest economy (on a purchasing power parity basis), manufacturer, merchandise trader, and holder of foreign exchange reserves.The global economic crisis that began in 2008 greatly affected China's economy. China's exports, imports, and foreign direct investment (FDI) inflows declined, GDP growth slowed, and millions of Chinese workers reportedly lost their jobs. The Chinese government responded by implementing a $586 billion economic stimulus package and loosening monetary policies to increase bank lending. Such policies enabled China to effectively weather the effects of the sharp global fall in demand for Chinese products, but may have contributed to overcapacity in several industries and increased debt by Chinese firms and local government. China's economy has slowed in recent years. Real GDP growth has slowed in each of the past six years, dropping from 10.6% in 2010 to 6.7% in 2016, and is projected to slow to 5.7% by 2022.The Chinese government has attempted to steer the economy to a "new normal" of slower, but more stable and sustainable, economic growth. Yet, concerns have deepened in recent years over the health of the Chinese economy. On August 11, 2015, the Chinese government announced that the daily reference rate of the renminbi (RMB) would become more "market-oriented." Over the next three days, the RMB depreciated against the dollar and led to charges that China's goal was to boost exports to help stimulate the economy (which some suspect is in worse shape than indicated by official Chinese economic statistics). Concerns over the state of the Chinese economy appear to have often contributed to volatility in global stock indexes in recent years.The ability of China to maintain a rapidly growing economy in the long run will likely depend largely on the ability of the Chinese government to implement comprehensive economic reforms that more quickly hasten China's transition to a free market economy; rebalance the Chinese economy by making consumer demand, rather than exporting and fixed investment, the main engine of economic growth; boost productivity and innovation; address growing income disparities; and enhance environmental protection. The Chinese government has acknowledged that its current economic growth model needs to be altered and has announced several initiatives to address various economic challenges. In November 2013, the Communist Party of China held the Third Plenum of its 18th Party Congress, which outlined a number of broad policy reforms to boost competition and economic efficiency. For example, the communique stated that the market would now play a "decisive" role in allocating resources in the economy. At the same time, however, the communique emphasized the continued important role of the state sector in China's economy. In addition, many foreign firms have complained that the business climate in China has worsened in recent years. Thus, it remains unclear how committed the Chinese government is to implementing new comprehensive economic reforms.China's economic rise has significant implications for the United States and hence is of major interest to Congress. This report provides background on China's economic rise; describes its current economic structure; identifies the challenges China faces to maintain economic growth; and discusses the challenges, opportunities, and implications of China's economic rise.
China's Economy Into the New Century by John Wong Pdf
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."
China's economic performance over recent years has been impressive, managing to weather the Asian crisis of the late 1990s largely unscathed, as well as sustaining growth in the face of the recent global downturn. However, there are structural weaknesses in its economy which, if unmet, could undermine its economic stability and growth. This book examines these challenges and China's efforts to address them, in order to ensure China can compete successfully in the global economy and sustain its economic performance whilst spreading the benefits more widely across society. Topics covered include: provincial growth dynamics, foreign direct investment, medium-term fiscal issues; state enterprise reforms, the impact of WTO accession, and exchange rate policy.
Perspectives on Global Development 2014 Boosting Productivity to Meet the Middle-Income Challenge by OECD Pdf
In this book, competitiveness is viewed as a multifaceted concept comprising aspects of the economy and society needed to implement change and move toward sustainable convergence.
Offering comprehensive, up-to-date and insightful analyses of China's public finance, the book examines reforms, identifies problems and provides solutions. Using the latest data and illustrative diagrams, the author explains everything with expertise and clarity. This is an indispensable resource for any researcher or student interested in China.
China's Energy Geopolitics by Thrassy N. Marketos Pdf
China’s need for energy has become a driving factor in contemporary world politics and a precondition for sustaining China’s continuing high economic growth. This book argues that a US presence in Central Asia is necessary for securing the energy provision of China from the region.
OECD Reviews of Regulatory Reform: China 2009 Defining the Boundary between the Market and the State by OECD Pdf
This review of China's regulatory system focuses on the overall economic context for regulatory reform, the government’s capacity to manage regulatory reform, competition policy and enforcement, and market openness.
Puzzles of Economic Growth by Leszek Balcerowicz,Andrzej Rzo?ca Pdf
By comparing countries like Venezuela and Chile, China and India, Dominican Republic and Haiti, and others, the book tries to answer the questions of which institutions and policies are crucial for stable long term economic growth.
Reforming China's Public Finances by Mr.Ehtisham Ahmad,Mr.Vito Tanzi,Qiang Gao Pdf
The reform of fiscal relations between different levels of geovernment is crucial to the success of China's current structural transformation to a socialist market economy. The reform will profoundly affect macroeconomic stability, growth prospects , and the effectiveness of providing public services and interregional equity. In order to review international experience and to clearly identify the policy options for China in the short to medium term, a conference was held in Shanghai in October 1993. The papers in this volume, edited by Ehtisham Ahmad, Gao Qiang, and Vito Tanzi, include those presented at the conference and a few that supplement it.
China's Changing Workplace by Peter Sheldon,Sunghoon Kim,Yiqiong Li,Malcolm Warner Pdf
This book explores the diversity and dynamism of China’s workplaces and of the wider labour market experiences of its workforce. Drawing on the authors’ extensive recent research, it considers a diverse range of issues and types of workplaces. These changes include: the continuing spread of market-oriented human resource management across public and private sector organisations; greater employment rights for workers; local diversity in regulatory control alongside the governmental priority of a ‘harmonious society’; persistent shortages of skilled labour co-existing with vast underemployment amongst the unskilled; uneven access to education and training across regions; and changes in union behaviour and influence. Unlike other studies - which tend to assume changes to management, work and employment are relatively uniform across modernising parts of the economy - this book conveys the rich variety among contemporary China’s local labour markets by looking at them, and the institutions that influence them, from the bottom-up. It focuses on other under-explored but emerging phenomena such as family-owned firms, the role of private services businesses, and the emergence of employer associations.
Government and Policy-Making Reform in China by Bill K.P. Chou Pdf
China’s rapid economic development has not translated automatically into political development, with many of its institutions still in need of major reform. In the post-Mao era, despite the decentralization of local government with significant administrative and fiscal authority, China’s government and policy-making processes have retained much of the inefficiency and corruption characteristic of the earlier period. This book analyzes the implementation of government and policy-making reform in China, focusing in particular on the reform programmes instituted since the early 1990s. It considers all the important areas of reform, including the enhancement of policy-making capacity, reform of taxation and fund transfer policies, tightening of financial control, civil service reform and market deregulation. Bill K.P Chou assesses the course of policy reform in each of these areas, considers how successful reforms have been, and outlines what remains to be done. In particular, he explores the impact on the reform process of China’s entry into the WTO in 2001, demonstrating that the process of reform in China has been one of continuous conflict between the agenda of political elites in central government, and the priorities of local leaders, with local agents often distorting, delaying or ignoring the policies emanating from the central government.