Growth Mechanisms And Sustainable Development Of The Chinese Economy

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Growth Mechanisms and Sustainable Development of the Chinese Economy

Author : Xinxin Ma,Cheng Tang
Publisher : Springer Nature
Page : 543 pages
File Size : 50,9 Mb
Release : 2022-10-06
Category : Business & Economics
ISBN : 9789811938580

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Growth Mechanisms and Sustainable Development of the Chinese Economy by Xinxin Ma,Cheng Tang Pdf

What can Chinese economists learn from the Japanese economic boom and subsequent stagnation? This project aims to institutionally and empirically investigate the growth mechanism and determinants of sustainable development in China compared with Japanese experiences. This is the first challenge in conducting a comparative study on China and Japan’s economic growth and development. We aim to investigate the economic system transition and its influence on the Chinese and Japanese economy from macroeconomic and microeconomic perspectives. This book will interest economists, scholars of comparative politics, and scholars of China or Japan's economic development.

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 : 55,6 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.

China's Economic Development

Author : Ming Lu,Zhao Chen,Yongqin Wang,Yan Zhang,Yuan Zhang,Changyuan Luo
Publisher : Edward Elgar Publishing
Page : 241 pages
File Size : 45,5 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.

The Chinese Economy

Author : Masahiko Aoki,Jinglian Wu
Publisher : Springer
Page : 298 pages
File Size : 42,9 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.

Globalization and Sustainable Growth in China

Author : Yanqing Jiang,Yuwen Dai
Publisher : Springer Nature
Page : 124 pages
File Size : 50,5 Mb
Release : 2020-11-09
Category : Business & Economics
ISBN : 9789811598258

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Globalization and Sustainable Growth in China by Yanqing Jiang,Yuwen Dai Pdf

This book is on globalization and sustainable growth in China. Thanks to the market-oriented policy reforms initiated in the late 1970s, China has achieved spectacular economic growth over the past several decades, and its economic structure has experienced great transformation. In the meantime, in the general context of globalization, the whole country has also gradually opened up to foreign trade and foreign direct investment, transforming itself from a virtually completely closed economy to a major trading nation and the largest developing-country destination for foreign direct investment in the world. In the first three chapters of this book, we investigate the potential and actual mechanisms and channels through which globalization, especially openness to foreign trade and foreign direct investment, affects industrial development and growth disparities in China. The current wave of globalization has encouraged economic growth in the world economy and affected all sides of international economic involvement. In the next four chapters of the book, we study China and the world economy. We first join the line of research on the trade frictions between China and the United States, including an analytical chapter on trade imbalance and protectionist policy, and an empirical chapter on business cycle synchronization between China and the US. A chapter on growth cycles in the BRICS is also included to explore growth and trade linkages among these five emerging market economies. A new “conventional wisdom” on globalization is that trade and financial openness do not lead to higher economic growth by themselves, in the absence of institutional reforms. Motivated by the Chinese experience, we develop an analytical framework in the last chapter to examine the case of growth targeting in China and draw policy implication for LDCs on how to achieve positive and sustainable economic growth. This book provides the readers with new facts and new findings that shed light on their understanding of globalization and sustainable growth in China.

Economic Growth and Environmental Regulation

Author : Tim Swanson,Tun Lin
Publisher : Routledge
Page : 391 pages
File Size : 53,7 Mb
Release : 2009-12-04
Category : Business & Economics
ISBN : 9781135247478

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Economic Growth and Environmental Regulation by Tim Swanson,Tun Lin Pdf

This volume assembles a group of eminent scholars to look at the problem of growth and environment from the perspective of environmental regulation. The questions addressed are: How does economic growth interact with regulation, and what are the best approaches to regulation in use today? The context for the volume is the current situation in China, where twenty years of rapid growth have created a situation in which there are both demands for environmental regulation and needs for choosing a future development path. The advent of "A Macro-Environmental Strategy" for China presents an opportunity to ask how and why China should introduce regulation into its management of its development. The volume includes contributions from leading Chinese experts and established environmental economists from other countries including Timo Goeschl, Ben Groom and Andreas Kontoleon. The volume looks at both the demand side of environmental regulation and the supply side. The demand side of regulatory intervention examines how regulation operates to supplement existing resource-allocation mechanisms, via effective demand aggregation and implementation mechanisms. The supply side of regulation examines how regulation operates to guide industrial growth down particular pathways, in the pursuit of managed development. Both sides of environmental regulation involve the important issue of implementation and enforcement. This volume will be of most value to academics and scholars of environmental economics, growth economics, the Chinese economy and policy-makers of environmental regulations.

China

Author : Ross Garnaut,Ligang Song,Cai Fang
Publisher : ANU E Press
Page : 388 pages
File Size : 54,6 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.

The Financial Implications of China’s Belt and Road Initiative

Author : Piotr Łasak,René W.H. van der Linden
Publisher : Springer Nature
Page : 189 pages
File Size : 41,6 Mb
Release : 2019-11-14
Category : Business & Economics
ISBN : 9783030301187

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The Financial Implications of China’s Belt and Road Initiative by Piotr Łasak,René W.H. van der Linden Pdf

This book systematically discusses the contribution of the Belt and Road Initiative (BRI) to China’s transition from an emerging to an advanced economic and financial system after more than five years. From a historical perspective, it explains to what extent the BRI plan is effective enough to help China bounce back from its economic slowdown and the financial implications in a policy trilemma context. Further, it investigates both the rationale of the BRI and its pitfalls, focusing on the various options for financing the project based on the Mundell & Fleming model. The book also analyses the impact of the BRI as well as possible policy options to deal with China’s policy trilemma in a structurally more balanced “new normal” economic growth model. Lastly, it reviews the financial stability issues concerning liberalization policies in China.

China’s Challenges in Moving towards a High-income Economy

Author : Ligang Song,Yixiao Zhou
Publisher : ANU Press
Page : 248 pages
File Size : 45,5 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.

Sustainable Development in China

Author : Curtis Andressen,A.R. Mubarak,Xiaoyi Wang
Publisher : Routledge
Page : 232 pages
File Size : 45,7 Mb
Release : 2013-08-21
Category : Social Science
ISBN : 9781135098230

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Sustainable Development in China by Curtis Andressen,A.R. Mubarak,Xiaoyi Wang Pdf

Over the past three decades, China’s economic structure, direction and international presence have undergone a dramatic transformation. This rapid rise and China’s enormous success in economic terms has created new challenges, and this book examines how the Chinese economy can continue to flourish, whilst at the same time protecting the environment and giving people more equal access to the benefits of the country’s economic development. Examining the key issues surrounding China's continued sustainable development, in economic, political, social and more traditional environmental terms, this book assesses the costs of China's rapid development to date and in turn asks whether this can be maintained. The contributors show that the idea of sustainable development must take into account more than just the physical environment, and that there are additional problems relating to the sustainability of China’s economic growth that are much more complicated. Divided into two broad sections, the book looks first at the broader issues of sustainability in China, before turning to the more classic idea of sustainability, that of the environment. In doing so, the contributors show that sustainability is a far more complex phenomenon than is often assumed, and that economic and social sustainability are inherently linked to linked to environmental sustainability. Dealing with what are arguably the greatest challenges facing China today, this book will be will be of great interests to students and scholars of Chinese studies, Chinese economics and Chinese politics, as well as those interested in development studies and sustainable development more broadly.

Rebalancing and Sustaining Growth in China

Author : Huw McKay,Ligang Song
Publisher : ANU E Press
Page : 386 pages
File Size : 47,8 Mb
Release : 2012-07-01
Category : Business & Economics
ISBN : 9781921862809

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Rebalancing and Sustaining Growth in China by Huw McKay,Ligang Song Pdf

The idea that China’s economy needs to rebalance is no longer controversial inside or outside the country. Whether it be the increasing recognition of income inequality at home; the still large external surplus; the focus on consumption and industrial upgrading in the policy discourse; the economic, political and social tensions associated with the major decline in housing affordability; the profound conflict between industrialisation, urbanisation and the biosphere; the profitability gulf between the top SOEs and private firms; or the uni-directional pressures pushing on the real exchange rate; the evidence in favour of a highly imbalanced structure is omnipresent. Rebalancing and Sustaining Growth in China brings together some of the world’s leading observers of the Chinese economy to debate the multifarious questions pertaining to rebalancing. How are we to make sense of the many, often contradictory, proposals that seek the same ultimate objective of a more sustainable growth model? What mix of policies will be most effective in addressing the required structural change without sacrificing prosperity along the way? Where should we look for root causes, and how can we avoid getting distracted by symptoms? How do China’s unique internal migration dynamics – and the Lewis turning point – constrain its options? What role will and should financial, fiscal and welfare reform play in the process? Where do water and energy security fit in? Can China innovate before it gets old – or can China get smart before it gets rich? And are intergenerational issues being taken into account?

Theory And Policies Of Mutual Benefit And Win-win Strategy, The: Research On Sustainable Development Of China's Open Economy

Author : Lixin Yu,Wanling Chen
Publisher : World Scientific
Page : 615 pages
File Size : 43,6 Mb
Release : 2019-10-30
Category : Political Science
ISBN : 9789813236356

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Theory And Policies Of Mutual Benefit And Win-win Strategy, The: Research On Sustainable Development Of China's Open Economy by Lixin Yu,Wanling Chen Pdf

In the past 30 years or so, reform and opening-up are the two major themes for China's economic and social development. Since the beginning of the 21st century, China has made great explorations in the depth and breadth of opening-up. This book provides a comprehensive overview of some issues and policies of mutual benefit and win-win strategies, which include China's foreign trade and technical barriers to trade, China's technology progress, China's service outsourcing industry, China's direct investment and RMB internationalization. It is an important reference book for Chinese policy-makers, Chinese businessmen and foreigners.

China's Sustainable Use of Natural Resources

Author : China Development Research Foundation
Publisher : Routledge
Page : 261 pages
File Size : 41,5 Mb
Release : 2020-04-22
Category : Business & Economics
ISBN : 9781000025569

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China's Sustainable Use of Natural Resources by China Development Research Foundation Pdf

This book examines China’s resource endowment and the country’s current exploitation and use of resources and analyzes the main challenges and potential opportunities facing the country. It then discusses how to improve the efficiency with which resources are used by taking a ‘full-life-cycle’ approach to resource use. After summing up the evolution of China’s policies and systems relating to resources and the environment, this book goes on to study how China’s participation in global resource allocation and global resource governance has progressed under its open-economy situation, as well as challenges facing that participation. Based on all these analysis, the report proposes two targets for managing the total quantities of two specific metrics. That is, it recommends aiming to reach peak consumption of resources and peak emission of pollutants by 2030. In addition, it makes a number of specific policy recommendations. The China Development Research Foundation (CDRF) is a public foundation initiated by the Development Research Center of the State Council (DRC). Its mission is to advance good governance and public policy to promote economic development and social progress. The Foundation has approached its mandate in a number of ways, including support for evidence-based policy research, leadership training, high-level forums and symposiums to promote economic cooperation and development, and the promotion of responsible public policy. As China continues to move steadily ahead with policy reforms and investments for more inclusive development, the demands for research, transparent and accountable processes, and citizenship engagement are expanding. The Foundation is striving to meet these challenges and to coordinate policy research work which supports the work of government, civil society and enterprises in furthering equitable development in China.

China's New Sources of Economic Growth: Vol. 2

Author : Ligang Song,Ross Garnaut,Cai Fang,Lauren Johnston
Publisher : ANU Press
Page : 495 pages
File Size : 52,8 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.

Sustainable Reform and Development in Post-Olympic China

Author : Shujie Yao,Wu Bin,Stephen Morgan,Dylan Sutherland
Publisher : Routledge
Page : 224 pages
File Size : 41,7 Mb
Release : 2010-11-01
Category : Business & Economics
ISBN : 9781136893865

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Sustainable Reform and Development in Post-Olympic China by Shujie Yao,Wu Bin,Stephen Morgan,Dylan Sutherland Pdf

After thirty years of economic reform, China has reached a crossroads in its development process, and faces many challenges in the use of natural resources, the living environment, and the economic, social and political systems. The sustainability of China’s reform and development is even more salient in the face of the global financial crisis and economic recession. Taking the 2008 Olympic Games in Beijing as an iconic turning-point, the book explores key themes such as economic reform and sustainability, innovation and sustainability, globalisation and social development, and analyses the prospects for sustainable reform and development in Post-Olympic China. The book includes topics such as Chinese banking reforms; the issue of regional inequalities; energy and environmental challenges; industry development and corporate social responsibility, and democracy and media bloggers. With analysis written by experts from a wide range of disciplines, the book will appeal to a wide range of readers interested in China’s environment and sustainable development, economic and political reform, and international relations.