China S Continued Reforms In A New Era Their Impact On Chinese Foreign Direct Investments And Rmb Internationalization

Author : Xugang Yu,Mario Tettamanti,Cristiano Rizzi
Publisher : World Scientific
Page : 336 pages
File Size : 55,5 Mb
Release : 2020-03-17
Category : Political Science
ISBN : 9789811212666

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China's Continued Reforms In A New Era: Their Impact On Chinese Foreign Direct Investments And Rmb Internationalization by Xugang Yu,Mario Tettamanti,Cristiano Rizzi Pdf

This book studies the new economic and financial reforms China is adopting to advance its economy, and the policies behind the Chinese Outbound Direct Investment (ODI). It also aims to illustrate the impact of China's reforms on Chinese Outward Investments, and the Internationalization of the RMB.The book explores the new wave of reforms, especially in the financial sector, together with President Xi Jinping's vision for a shared future for mankind together with his explanation on the 'new Era'. In fact, China is entering a 'New Era' and transforming its economy into a more sophisticated one, upgrading the industrial sector and introducing specific and dedicated reforms in the SOEs (State Owned Enterprises) to render them more efficient and allow them to compete fairly at the international level.The book also focuses on RMB 'internationalization'. It also contains an addendum on trade frictions between China and the US.

Author : Xugang Yu,Mario Tettamanti,Cristiano Rizzi
Publisher : World Scientific
Page : 394 pages
File Size : 53,8 Mb
Release : 2021-01-05
Category : Political Science
ISBN : 9789811226724

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China-us Trade Frictions Shaping New Equilibriums With The Eu And The Us: Towards A New Multilateralism Or Tripolarism by Xugang Yu,Mario Tettamanti,Cristiano Rizzi Pdf

This book shows the impact of the recent trade tensions between China and the US on the world trade order, and how parties have reached a deal (so called 'phase one', January 2020), which could lead to a more comprehensive agreement, and the consequences of these 'adjustments' in shaping new equilibriums.After 40 years, China has transformed into an economic superpower, which could now rival the US. This has evoked some concerns, and put the US in an uncomfortable position, as the US views the rise of China as a threat to its predominance and interests. However, China's development and its increasing economic power, which is a direct consequence of the ongoing reform process, is unstoppable.The confrontation between China and the US will favor Chinese expansion into the EU not only because the EU offers a more receptive environment for Chinese Foreign Direct Investment, but also because the EU and China have more in common if we consider the Belt And Road Initiative and the new bilateral investment agreement which is under negotiation. The EU, not only represents the final destination of the BRI, but also a more logical and convenient trade partner for China.The shift of Chinese attention toward the EU will also change the equilibrium between China, the EU and the US, bring forth the negotiation of new trade agreements, and move the entire international community towards a new world trade order and a new multilateralism which might evolve into a tripolarism.

Author : Xugang Yu,Mario Tettamanti,Cristiano Rizzi
Publisher : World Scientific
Page : 440 pages
File Size : 42,8 Mb
Release : 2023-10-04
Category : Business & Economics
ISBN : 9789811268762

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World's Transition Toward A Green Economy: Achieving The United Nations' Sustainable Development Goals And Promoting The Role Of Green Finance by Xugang Yu,Mario Tettamanti,Cristiano Rizzi Pdf

This book treats different themes which are intrinsically linked and of extreme significance for the entire global community such as the necessity to cut emissions and transit toward a more sustainable and green economy. The content extends to the urgency to shape a new multilateralism and reinforce cooperation to achieve global goods, where the environment comes first, to the green finance which will play a fundamental role for the green transition paying particular attention to the United Nations' 2030 Agenda for Sustainable Development.A particular emphasis is given to the so-called 'Dual Circulation Strategy' (DCS) which is presently becoming the priority not only for China but also for the rest of the global community. Due to the uncertainties caused by the pandemic and other external factors, China has substituted GDP growth with the so-called six guarantees (liù bǎo 六保) which represent the six fundamental aspects of the economy and society that according to the central government must receive priority attention, and protection in economic policy to ensure economic recovery. China also introduced the concept of an 'ecological civilization' (shēngtài wénmíng 生态文明) through green, low-carbon economic development. One of the targets is to achieve carbon neutrality before 2060, though the rest of the global community and in particular the European Union with its Green Deal, and the US with its renewed climate policies, are pushing to reach this objective in 2050.In order to grant all these developments, 'green finance' plays a fundamental role for the success of this green transition. Therefore, a substantial part of this book explores the many aspects surrounding this theme. Due to renewables playing a very important role in the green transition, the final part of this book explores investment opportunities related to the development of these alternative sources of energy.

Author : Scott Wilson
Publisher : Oxford University Press
Page : 304 pages
File Size : 48,9 Mb
Release : 2009-09-11
Category : Political Science
ISBN : 9780190452766

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Remade in China by Scott Wilson Pdf

Since opening to foreign investment in 1979, China has emerged as the leading investment site for multinational corporations. Remade in China looks beyond the macroeconomic effects of China's investment boom to analyze how foreign investors from the US, Japan, and other nations are shaping China's legal, labor, and business reforms. Wilson draws on interviews with nearly 100 foreign and local managers, attorneys, workers, and members of the business community to explain why Chinese laborers and firms have gravitated toward foreign models, especially US businesses and their institutions. Wilson uses the term "state-guided globalization" to describe how China has used foreign engagement to advance its domestic reform objectives and to enhance its role in international society. Rather than undermining state power, globalization actually has allowed China's state to push through difficult labor and legal reforms. Wilson concludes that Chinese policy makers drew lessons from foreign investors and foreign legal experts on how to introduce difficult labor market reforms in its state-owned enterprises and how to promote rule of law. Remade in China examines globalization and foreign investment in a different light, showing how these developments have helped to chart China's entry into international society. China's WTO accession agreement and international norms have established parameters by which to judge Chinese legal and business reforms. Although China's rise is a grave concern to the world, Remade in China asserts that Chinese leaders now see compliance with international rules as a means to secure more investment and to enhance their international legitimacy. Wilson provides a lucid and insightful analysis of how foreign and domestic actors, from political leaders to average laborers, have contributed to remaking China's institutions.

Author : Paolo Rizzi,Cristiano Rizzi,Mario Tettamanti
Publisher : World Scientific
Page : 325 pages
File Size : 54,6 Mb
Release : 2022-03-16
Category : Business & Economics
ISBN : 9789811246159

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Impact Of Covid-19 On World Aviation Industry, The: Challenges And Opportunities by Paolo Rizzi,Cristiano Rizzi,Mario Tettamanti Pdf

This book aims to illustrate the impact of COVID-19 on the global aviation industry and its many facets and disruptive innovations this crisis is bringing to the industry, triggering a new phase of development for air transportation. As a result, there has been increased attention on the green aviation industry using new sustainable fuels (including hydrogen). The aviation industry is also moving towards operating electric aircraft. The book emphasizes a new concept of air travel and an entirely new type of aircraft called eVTOL, which is to say - electric Vertical take-off and landing aircraft. This new reality is already taking place with the development of prototypes. However, the road to its implementation is full of challenges.The later part of the book focuses on how China has opened doors to the private aviation sector as the country foresees an enormous opportunity to push its internal economy and aviation industry further.

Author : Anonim
Publisher : Unknown
Page : 33 pages
File Size : 48,6 Mb
Release : 2008
Category : Electronic
ISBN : OCLC:318691053

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China's Economic Conditions by Anonim Pdf

Since the initiation of economic reforms in 1979, China has become one of the world's fastest-growing economies. From 1979 to 2007 China s real gross domestic product (GDP) grew at an average annual rate of 9.8%. Real GDP grew 11.4% in 2007 (the fastest annual growth since 1994). While China is expected to continue to enjoy rapid economic growth in the years ahead and could become the world s largest economy within a decade or so, it faces a number of challenges, including widespread corruption, an inefficient banking system, over-dependence on exports and fixed investment for growth, pollution, widening income disparities, and growing inflationary pressures. The Chinese government has indicated that it intends, over the coming years, to create a harmonious society that would promote more balanced economic growth and address a number of economic and social issues. Trade and foreign investment continues to play a major role in China s booming economy. From 2004 to 2007, the value of total Chinese merchandise trade nearly doubled. In 2007, China s exports (at $1,218 billion) exceeded U.S. exports (1,162 billion) for the first time. China s imports were $956 billion and its trade surplus was $262 billion (a historic high). Well over half of China s trade is conducted by foreign firms operating in China. The combination of large trade surpluses, foreign direct investment flows, and large-scale purchases of foreign currency have helped make China the world s largest holder of foreign exchange reserves at $1.5 trillion at the end 2007.

Author : Yasheng Huang
Publisher : Unknown
Page : 407 pages
File Size : 48,7 Mb
Release : 2002
Category : Electronic
ISBN : 113914815X

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Selling China by Yasheng Huang Pdf

Author : Anonim
Publisher : Unknown
Page : 33 pages
File Size : 48,8 Mb
Release : 2005
Category : Electronic
ISBN : OCLC:500377088

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Selling China: Foreign Direct Investment During the Reform Era by Anonim Pdf

Author : Lowell Dittmer
Publisher : World Scientific
Page : 408 pages
File Size : 49,6 Mb
Release : 2021-03-17
Category : Political Science
ISBN : 9789811226595

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China's Political Economy In The Xi Jinping Epoch: Domestic And Global Dimensions by Lowell Dittmer Pdf

This book takes a fresh look at Chinese political economy at a key inflection point. Facing a more competitive international environment, Chinese reform has shifted from its earlier focus on economic liberalization and political decentralization to a more tightly organized, centralized form of state socialism. The Party-state's vigorous fiscal reaction to the Global Financial Crisis (2008-2009) left the country with a much improved infrastructure and greater sense of national self-assurance. The more monocratic central leadership has redoubled efforts to fight poverty and pollution, push technological innovation, and at the same time rigorously enforce ideological consensus, political loyalty and anticorruption.This has been occurring in an international context of slowing trade and nationalist pushback against 'globalization', prominently including bilateral Chinese-American polarization. While China has been among the staunchest advocates and beneficiaries of globalization, incipient trade war 'decoupling' has spurred movement toward economic and technological self-reliance. Turning inward however vies with a rival impulse toward more vigorous engagement in the world. This is most consequentially represented by the Belt and Road Initiative, driving massive infrastructure construction through Central Asia and the South and Southeast Asian maritime periphery. Despite slowing growth and a large debt overhang, swift recovery from the Covid-19 epidemic leaves China in a relatively strong economic position.

Author : On Kit Tam
Publisher : Routledge
Page : 209 pages
File Size : 53,7 Mb
Release : 2013-05-13
Category : Business & Economics
ISBN : 9781134676903

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Financial Reform in China by On Kit Tam Pdf

China's spectacular economic growth has made it the focus of international attention. Financial Reform in China argues that Chinese financial reform has failed to keep pace with its continuing economic growth. With increased marketization and internationalization, China's financial and monetary system should play a pivotal role in economic reform and development. However China's banking and financial organizations still operate under a highly regulated environment shaped by the centrally planned economic system, and this slow financial reform has failed to meet the demands of more general economic reform.

Author : Edwin L.-C. Lai
Publisher : Cambridge University Press
Page : 347 pages
File Size : 46,8 Mb
Release : 2021-07-08
Category : Business & Economics
ISBN : 9781108491686

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One Currency, Two Markets by Edwin L.-C. Lai Pdf

Economic analysis of the future of the international monetary system and the USD, and the rising importance of the RMB.

Author : Huiyao Wang,Miao Lu
Publisher : Springer
Page : 340 pages
File Size : 55,9 Mb
Release : 2016-04-08
Category : Business & Economics
ISBN : 9781137578136

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China Goes Global by Huiyao Wang,Miao Lu Pdf

Mainland China businesses are going global, transforming the country from a manufacturing export platform into an overseas investment powerhouse. China Goes Global is the most thorough and up-to-date empirical analysis of the accelerating effort of Chinese companies to go global by investing overseas. It details the overall trends of this activity with respect to its sectors, channels, overseas targets, and particular firms, along the role of Chinese Government policy in facilitating business enterprise globalization. The book offers readers an enterprise level of view outward expansion by Chinese firms that is focused not only on the big-names, but also less well-known, but equally important trailblazing enterprises. In doing so it offers practical suggestions on how firms can tackle the challenges encountered when expanding outward.

Author : Russell Smyth,On Kit Tam,Malcolm Warner,Cherrie Jiuhua Zhu
Publisher : Routledge
Page : 254 pages
File Size : 54,6 Mb
Release : 2004-11-10
Category : Business & Economics
ISBN : 9781134283262

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China's Business Reforms by Russell Smyth,On Kit Tam,Malcolm Warner,Cherrie Jiuhua Zhu Pdf

Since 1993, China has been the second largest recipient of foreign direct investment in the world and is now considered to be the world's third biggest economy. The editors examine the key areas, all of which are linked, where China is grappling with institutional reforms as it opens up to the outside world.

Author : David Dollar,Yiping Huang,Yang Yao
Publisher : Brookings Institution Press
Page : 444 pages
File Size : 46,5 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 : Edward S. Steinfeld
Publisher : Oxford University Press
Page : 280 pages
File Size : 54,9 Mb
Release : 2012-02-01
Category : Political Science
ISBN : 9780199750733

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Playing Our Game by Edward S. Steinfeld Pdf

Conventional wisdom holds that China's burgeoning economic power has reduced the United States to little more than a customer and borrower of Beijing. The rise of China, many feel, necessarily means the decline of the West--the United States in particular. Not so, writes Edward Steinfeld. If anything, China's economic emergence is good for America. In this fascinating new book, Steinfeld asserts that China's growth is fortifying American commercial supremacy, because (as the title says) China is playing our game. By seeking to realize its dream of modernization by integrating itself into the Western economic order, China is playing by our rules, reinforcing the dominance of our companies and regulatory institutions. The impact of the outside world has been largely beneficial to China's development, but also enormously disruptive. China has in many ways handed over--outsourced--the remaking of its domestic economy and domestic institutions to foreign companies and foreign rule-making authorities. For Chinese companies now, participation in global production also means obedience to foreign rules. At the same time, even as these companies assemble products for export to the West, the most valuable components for those products come from the West. America's share of global manufacturing, by value, has actually increased since 1990. Within China, the R&D centers established by Western companies attract the country's best scientists and engineers, and harness that talent to global, rather than indigenous Chinese, innovation efforts. In many ways, both Chinese and American society are benefiting as a result. That said, the pressures on China are intense. China is modeling its economy on the United States, with vast consequences in a country with a small fraction of America's per-capita income and scarcely any social safety net. Walmartization is not something that Asian manufacturing power is doing to us; rather, it is how we are transforming China. From outsourcing to energy, Steinfeld overturns the conventional wisdom in this incisive and richly researched account.