China S New Sources Of Economic Growth Vol 1

Author : Ligang Song,Ross Garnaut,Cai Fang,Lauren Johnston
Publisher : ANU Press
Page : 545 pages
File Size : 41,7 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 : Ligang Song,Ross Garnaut,Cai Fang,Lauren Johnston
Publisher : ANU Press
Page : 495 pages
File Size : 40,5 Mb
Release : 2017-07-20
Category : Business & Economics
ISBN : 9781760461300

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China's New Sources of Economic Growth: Vol. 2 by Ligang Song,Ross Garnaut,Cai Fang,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.

Author : Ligang Song,Ross Garnaut,Fang Cai,Lauren Johnston
Publisher : Unknown
Page : 468 pages
File Size : 42,9 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.

Author : Ligang Song,Ross Garnaut,Fang Cai,Lauren Johnston
Publisher : Unknown
Page : 128 pages
File Size : 50,8 Mb
Release : 2016
Category : China
ISBN : OCLC:947953991

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China's New Sources of Economic Growth: Reform, resources and climate change by Ligang Song,Ross Garnaut,Fang Cai,Lauren Johnston Pdf

Author : John Wong
Publisher : World Scientific
Page : 478 pages
File Size : 47,9 Mb
Release : 2002
Category : Business & Economics
ISBN : 9812778276

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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."

Author : Development Research Center of the State Council;World Bank Group
Publisher : World Bank Publications
Page : 335 pages
File Size : 45,9 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.

Author : Masahiko Aoki,Jinglian Wu
Publisher : Springer
Page : 298 pages
File Size : 43,8 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.

Author : Ross Garnaut,Ligang Song,Cai Fang
Publisher : ANU E Press
Page : 388 pages
File Size : 44,5 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.

Author : John Joshua
Publisher : Springer
Page : 199 pages
File Size : 53,9 Mb
Release : 2016-12-02
Category : Business & Economics
ISBN : 9781137594037

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China's Economic Growth: Towards Sustainable Economic Development and Social Justice by John Joshua Pdf

This two-volume book addresses the economic transformation occurring in China at present. The author investigates China's domestic and international policies, the impact of these policies on economic growth, and their effect on the quality of life for the people of China. In the first volume, the author distinguishes between economic growth and sustainable economic development, and discusses China's current and past economic policies towards growth. Chapters also explore the structural transformation of China's economy and its increasingly consumer-oriented nature. The second volume looks more specifically at the result of domestic policies on the quality of life for people living in China. The author examines the distribution of income, the alleviation of poverty, the Chinese education system, and the environmental cost of economic growth. These volumes will be of particular interest to researchers and scholars concerned with China's emerging economic power.

Author : John Knight,Sai Ding
Publisher : OUP Oxford
Page : 368 pages
File Size : 50,6 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.

Author : Wing Thye Woo,Ming Lu,Jeffrey D Sachs,Zhao Chen
Publisher : World Scientific
Page : 308 pages
File Size : 41,9 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

Author : Chong-en Bai,Qiong Zhang
Publisher : Taylor & Francis
Page : 80 pages
File Size : 50,7 Mb
Release : 2017-06-26
Category : Business & Economics
ISBN : 9781351621755

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A Research on China’s Economic Growth Potential by Chong-en Bai,Qiong Zhang Pdf

After impressive growth of about 10% per annum for three decades, China's visible signs of economic slowdown since 2008 have been subject to much contention. What causes the deceleration? What should we expect in an era of China's 6% growth? This book answers these questions in three parts. Although it is widely accepted that China can hardly continue its high-speed growth model, estimations for its future growth potential differ greatly. The first part of this book predicts China's growth to 2050, which considers both cross-country historical experiences and China's own demographic structure and employment participation features. In the second part, the book offers a comprehensive estimation of China's national and provincial total factor productivity (TFP) over the period of 1978 to 2014 based on comparable data. It then analyzes the causes of China's economic slowdown from a productivity point of view. Finally, this book correspondingly outlines policy recommendations, including supply-side structural reform and macroeconomic policy frameworks, to effectively address the issue of decline in both labor and labor productivity growth. This book will attract scholars and students of economics and China's economic studies.

Author : Ligang Song,Ross Garnaut,Cai Fang,Lauren Johnston
Publisher : Unknown
Page : 128 pages
File Size : 41,9 Mb
Release : 2016-07-20
Category : China
ISBN : 1760460346

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China's New Sources of Economic Growth: Reform, Resources and Climate Change - 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 : Justin Yifu Lin,Fang Cai,Zhou Li
Publisher : The Chinese University of Hong Kong Press
Page : 432 pages
File Size : 54,5 Mb
Release : 2004-03-15
Category : Business & Economics
ISBN : 9789882378780

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The China Miracle by Justin Yifu Lin,Fang Cai,Zhou Li Pdf

The tremendous success of China's economic reform, in contrast with the vast difficulties encountered by the former Soviet Union and Eastern European countries in their transition, has attracted worldwide attention. Using a historical, comparative and analytic approach grounded in mainstream economics, the authors develop a consistent and rational framework of state-owned enterprises and individual agents to analyze the internal logic of the traditional planning system. They also explain why the Chinese economy grew slowly before the market-oriented reform in 1979 but became one of the fastest growing economies afterwards, and why the vigour/chaos cycle became part of China's reform process. The book also addresses to the questions that whether China can continue its trend of reform and development and become the largest economy in the world in the early 21st century, and what the general implications of China's experience of development and reform are for other developing and transition economies. The first edition has been well-received and is the standard textbook or reference for students and researchers of China studies. In this thoroughly revised edition, the authors have updated the data and information in the book and include a new chapter on the impact of China's WTO accession on its economic reforms and causes of the current deflation.

Author : Ross Garnaut
Publisher : Unknown
Page : 516 pages
File Size : 54,6 Mb
Release : 2003
Category : Business enterprises
ISBN : UCSD:31822033567959

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China by Ross Garnaut Pdf

25 years of reform have transformed China from a centrally planned and closed system to a predominantly market-driven and open economy. China is emerging as the new powerhouse for the world economy. This book discusses the impact and significance of this transformation, presenting conclusions from recent research. Authors from ANU.