China S Economic New Normal

Author : Sarah Yueting Tong,Jing Wan
Publisher : #N/A
Page : 244 pages
File Size : 43,6 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.

Author : Cai Fang
Publisher : Routledge
Page : 218 pages
File Size : 43,5 Mb
Release : 2021-11-29
Category : Business & Economics
ISBN : 9781000466201

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China’s New Normal, Supply-side, and Structural Reform by Cai Fang Pdf

China’s continuous, rapid economic growth since the Reform and Opening up of the country in the early 1980s has been praised as a miracle of the world economy. However, since 2012, the rate of growth has slowed down, rendering some people pessimistic about the country’s economic prospects. This title is a collection of a leading Chinese economists’ views on China’s economic growth and structural reform. The author argues that China’s economy has entered “the new normal”, meaning that slowed growth rate is not a cyclical phenomenon but a change in the stage of economic development. Therefore, there is a need to enact supply-side structural reforms, such as improved efficiency of resource reallocation, while shifting the mode of development from one of inputs to innovation. In addition, the author discusses the five major concepts of development proposed for the “13th Five-Year Plan”, as well as some critical topics related to supply-side structural reform, such as agricultural development, labor employment, and product quality. Scholars and students of macroeconomics, development economics, and the Chinese economy will find this book to be essential reading.

Author : Fang Cai
Publisher : Springer Nature
Page : 168 pages
File Size : 53,5 Mb
Release : 2020-03-11
Category : Business & Economics
ISBN : 9789811532276

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China’s Economic New Normal by Fang Cai Pdf

This timely volume on China’s economic “New Normal” features articles by leading scholars from the Chinese Academy of Social Sciences and other research institutions across the country. A broad range of perennial as well as hot-bottom topics related not just to economic growth but also to its social and political ramifications are covered, including patterns of growth, income distribution, domestic consumption, the global economic dynamics, and policy responses to these and other developments. Contributors not only combine theoretical and empirical analyses of these critical issues but also examine the historical background and the social context to what may be one of the most significant developments not just for China but also for the rest of the world.

Author : Feng Cai
Publisher : Unknown
Page : 128 pages
File Size : 51,5 Mb
Release : 2020
Category : China
ISBN : 9811532281

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China's Economic New Normal by Feng Cai Pdf

This timely volume on Chinas economic "New Normal" features articles by leading scholars from the Chinese Academy of Social Sciences and other research institutions across the country. A broad range of perennial as well as hot-bottom topics related not just to economic growth but also to its social and political ramifications are covered, including patterns of growth, income distribution, domestic consumption, the global economic dynamics, and policy responses to these and other developments. Contributors not only combine theoretical and empirical analyses of these critical issues but also examine the historical background and the social context to what may be one of the most significant developments not just for China but also for the rest of the world.

Author : Li Shi,Wan Haiyuan
Publisher : World Scientific
Page : 324 pages
File Size : 42,7 Mb
Release : 2019-08-15
Category : Political Science
ISBN : 9789811200663

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Income Distribution And China's Economic "New Normal" by Li Shi,Wan Haiyuan Pdf

As the Chinese economy has moved to a 'New Normal' of slower growth and changed model of development, its income distribution is being affected in a number of ways. What exactly are the impacts brought by the new changes? How should we view China's income distribution on the whole? What trend will we see in the future? With regard to these and other questions that arise against the backdrop of the economic 'New Normal', the book provides an in-depth analysis of the new issues, characteristics and trends in relation to income growth rates, income and wealth gaps, and the proportion of personal income in China.

Author : Ligang Song,Ross Garnaut,Cai Fang,Lauren Johnston
Publisher : ANU Press
Page : 545 pages
File Size : 51,6 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.

Author : Jun Wang
Publisher : Springer Nature
Page : 237 pages
File Size : 49,7 Mb
Release : 2021-10-01
Category : Business & Economics
ISBN : 9789811653360

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A Preliminary Study on the New Normal of China's Economy by Jun Wang Pdf

This book shows a panorama of sustainable development practices covering 70 major cities. This book has created the analysis framework of the “New Normal” of China’s economy, demonstrated the features and connotation of the "New Normal", carried out in-depth analysis and systematic study on the connotation and extension of the “New Normal” of China’s economy from ten aspects including growth shift, structural upgrading, innovation drive, regional synergy, moderate inflation, reform bonus, opening-up forced, risk exposure, sustainable development and macro-control in details and proposed targeted policy suggestions with practical application value that adapt to the new normal of China's economy and ensure the sustained, steady and healthy operation of the macro-economy.

Author : Ligang Song,Ross Garnaut,Cai Fang,Lauren Johnston
Publisher : ANU Press
Page : 467 pages
File Size : 41,6 Mb
Release : 2015-07-08
Category : Business & Economics
ISBN : 9781925022698

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China’s Domestic Transformation in a Global Context by Ligang Song,Ross Garnaut,Cai Fang,Lauren Johnston Pdf

The phrase ‘New Normal’ captures the ongoing shift in the pattern and drivers of China’s economic growth. China’s new growth rate is both slower and imposing difficult structural change. These new economic conditions are challenging yet offer opportunities for China and its economic partners. Reforms must be deepened but also make growth more inclusive and environmentally sustainable, over this decade and beyond. This year’s Update offers both global context and domestic insight into this challenging new phase of China’s domestic economic transformation. How are policymakers elevating migrant workers concurrent with increasing consumption? Is China’s government spending enough on education and R&D to ensure it can achieve its aspirations to ascend the global manufacturing value chain and avoid the middle-income trap? Are energy market reforms reducing or increasing the price of gas and electricity in China? What are the consequences of China’s financial reforms and expanding Renminbi trading for foreign banks? What does China’s new growth model mean for the international resources economy and for Africa? Do SOEs face market conditions and are they dominating China’s fast-rising outbound investment? What is China’s strategy for navigating fragmented international trade policy negotiations?

Author : Yang Li,Ping Li,Xuesong Li,Ping Zhang
Publisher : Springer
Page : 234 pages
File Size : 54,8 Mb
Release : 2017-09-16
Category : Business & Economics
ISBN : 9789811056543

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Economic Analysis and Forecast of China (2015) by Yang Li,Ping Li,Xuesong Li,Ping Zhang Pdf

This book provides a detailed and up-to- date analysis of the current and near-future domestic economic situation in China based on the concept of “New Normal”, which was first proposed by Chinese President Xi Jinping and which is commonly used in discussions on China’s current economy. China’s New Normal is the result of the growing pressures on domestic resources, environmental restrictions, and unstable international economic recovery and characterized by a moderate economic increase, a proper increase in commodity pricing, stabilizing new employment and optimizing economic structure. The book argues that while China focuses on stability and quality in macro-control and enhancing reform and innovation, many contradictions and problems in economic operations are gradually being solved, therefore optimizing the economic structure. The book explores many aspects of China’s economic development under the “New Normal” while making analysis and policy suggestions for the present economic trends.

Author : Saurav Jha
Publisher : Hachette India
Page : 367 pages
File Size : 42,9 Mb
Release : 2023-08-17
Category : Business & Economics
ISBN : 9789350096048

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Negotiating the New Normal by Saurav Jha Pdf

" The world economy was still reeling from the Global Financial Crisis of 2008 when the COVID-19 pandemic struck like a bolt of lightning in late 2019. Whatever remained of the neoliberal credo - based on the salience of free markets - was upended, and economic nationalism fast became the new stock ideology. In Negotiating the New Normal, Saurav Jha carefully examines why, in the wake of the coronavirus shock, strong economic recovery in the developed world is more doubtful than ever. Instead of throwing its weight behind a multipolar world order, China, by far the largest economy among the BRICS nations, has chosen to create a Pax Sinica. However, it is unlikely to make much headway owing to both internal economic contradictions and pushback from the West and beyond. And what of India? Can it become a 'new China' to serve as a key engine of global growth, overcoming the pandemic-induced setback, as well as earlier policy missteps like demonetization? Answering all these questions and raising many more, Jha's deeply researched and cogently argued account examines the 'new normal' of a transactional, even predatory geoeconomic climate where central banks are fast running out of answers and heavily indebted governments are desperately searching for silver bullets. This work of extraordinary depth and ambition, tracing the destinies of the major economic centres of the world, provides a nuanced if sobering context to the reader as it suggests what India must do to rise in this grave new pandemic-ridden world. "

Author : Wen Xiao,Jiadong Pan,Hao Chen
Publisher : Springer
Page : 0 pages
File Size : 52,6 Mb
Release : 2024-09-11
Category : Business & Economics
ISBN : 9819709555

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The Dynamic Transformation of China's Economic Development Under the New Normal by Wen Xiao,Jiadong Pan,Hao Chen Pdf

This book aims to reveal the dynamic mechanism of China's economic system innovation. It measures the efficiency of China’s economic growth under the New Normal with the tools of DEA, SFA, and PCA. The book analyzes the contribution of capital, labor, and productivity to China's economic growth by Solow residual value method and the power source of China's economic development under the New Normal. In this book, it adopts the vertical integration of logical thinking, combined with the horizontal diversification of topics, to show a brand-new research method.

Author : Song, Ligang,Zhou, Yixiao,Hurst, Luke
Publisher : ANU Press
Page : 336 pages
File Size : 44,6 Mb
Release : 2019-07-10
Category : Business & Economics
ISBN : 9781760463120

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The Chinese Economic Transformation by Song, Ligang,Zhou, Yixiao,Hurst, Luke Pdf

The Chinese Economic Transformation, the 19th volume in the China Update book series, provides an opportunity for young economists to share their views on various issues relating to the Chinese economic transformation. More than half of the contributors to this book are female scholars. Some of the contributors are rising stars in the studies of the Chinese economy and economic transition, and some only recently received their PhDs and are on their way to establishing themselves in the field of China studies. But they have one thing in common: to passionately observe, study and research what is going on in the Chinese economic transformation during the reform period; and, by so doing, make contributions to the policy debates on, and general understanding of, the Chinese economy. The chapters in this volume include an in-depth probe into challenges in capital and credit allocation due to financial friction and policy distortions; investigating the causes of growth slow-down in China and suitable policy responses; the evolution of the household registration system and its impact on off-farm employment and the integration of rural and urban labour markets; the growth, scale and characteristics of nonstandard employment; the development of rural e-commerce and its economic impact; innovation performance of listed enterprises in China; financial services liberalisation and its impact on firms’ performance; financing support schemes for small and medium-sized enterprises (SMEs) and the effect on banks’ credit allocation to SMEs; the potential costs of US–China trade conflict and ways to mitigate them; gender income gap in China’s labour market; causes of blockage of Chinese overseas direct investment and strategies to reduce the probability of encountering obstacles; and the role of state capital in the iron ore boom in Australia. The great variety of topics in this year’s Update allows readers to understand the current shape of the Chinese economy and to think deeply about policies and necessary reforms for future growth and development.

Author : CASS INSTITUTE OF QUANTITATIVE &TECHNICAL ECONOMICS.,Zhongguo she hui ke xue yuan. Shu liang jing ji yu ji shu jing ji yan jiu suo
Publisher : Unknown
Page : 93 pages
File Size : 42,5 Mb
Release : 2020
Category : China
ISBN : 1844645800

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NEW NORMAL OF CHINA'S ECONOMY by CASS INSTITUTE OF QUANTITATIVE &TECHNICAL ECONOMICS.,Zhongguo she hui ke xue yuan. Shu liang jing ji yu ji shu jing ji yan jiu suo Pdf

Author : Zhongguo she hui ke xue yuan. Shu liang jing ji yu ji shu jing ji yan jiu suo
Publisher : Paths International Limited
Page : 0 pages
File Size : 41,9 Mb
Release : 2020
Category : China
ISBN : 1844645797

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The New Normal of China's Economy: Connotation and Measurement by Zhongguo she hui ke xue yuan. Shu liang jing ji yu ji shu jing ji yan jiu suo Pdf

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Author : Ligang Song,Ross Garnaut,Fang Cai,Lauren Johnston
Publisher : Unknown
Page : 468 pages
File Size : 52,6 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.