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Manufacturing Productivity in China by Li Zheng,Simin Huang,Zhihai Zhang Pdf
Chinese manufacturing industries continue to impact the world economy. It is important to understand what is happening in China and the uniqueness of Chinese manufacturing industries. Manufacturing Productivity in China brings together a group of authors from academia and industry to give an industrial engineering micro viewpoint instead of an econ
China’s Productivity Convergence and Growth Potential—A Stocktaking and Sectoral Approach by Min Zhu,Ms.Longmei Zhang,Daoju Peng Pdf
China’s growth potential has become a hotly debated topic as the economy has reached an income level susceptible to the “middle-income trap” and financial vulnerabilities are mounting after years of rapid credit expansion. However, the existing literature has largely focused on macro level aggregates, which are ill suited to understanding China’s significant structural transformation and its impact on economic growth. To fill the gap, this paper takes a deep dive into China’s convergence progress in 38 industrial sectors and 11 services sectors, examines past sectoral transitions, and predicts future shifts. We find that China’s productivity convergence remains at an early stage, with the industrial sector more advanced than services. Large variations exist among subsectors, with high-tech industrial sectors, in particular the ICT sector, lagging low-tech sectors. Going forward, ample room remains for further convergence, but the shrinking distance to the frontier, the structural shift from industry to services, and demographic changes will put sustained downward pressure on growth, which could slow to 5 percent by 2025 and 4 percent by 2030. Digitalization, SOE reform, and services sector opening up could be three major forces boosting future growth, while the risks of a financial crisis and a reversal in global integration in trade and technology could slow the pace of convergence.
China as the Workshop of the World by Yuning Gao Pdf
The book examines China's role in the international division of labor: it analyzes the scale and scope of China's manufacture; the type and relative sophistication of its exports in the world market; and its position in the global value chain. It shows that China monopolizes industrial production by being the processing center of world.
The Future of Chinese Manufacturing by TACHIA Chin,Chris Rowley Pdf
The Future of Chinese Manufacturing: Employment and Labour Challenges gives context and analysis on employment and labor issues in contemporary China, specifically relating to manufacturing industries. With one fifth of the world’s workforce, China has taken advantage of its cheap labor to serve as the world’s factory, achieving stunning growth for two decades. This book covers the appreciation of RMB, constant increases in minimum wage, shortages of skilled workers in China's labor-intensive manufacturing sector, and the fact that many large multinational corporations (MNCs) must cut costs, and are thus shifting their main production bases to other developing countries. Under such a tough situation, and coupled with the global economic slowdown, manufacturing employment in China confronts severe labor-related challenges, such as high turnover rates, recruitment difficulties for workers, and a series of high profile labor strikes and publicity concerning working conditions. Integrates human capital and cultural theories Analyzes looming labor unrest and related workforce issues in China through a unique context-specific lens Explores the roles that Chinese institutions and culture play in resolving problems related to these issues
Changes in Production Efficiency in China by Bing Xu,Juying Zeng,Junzo Watada Pdf
Evaluating Production Efficiency in China examines production from engineering and statistics perspectives rather than from economics and mathematics perspectives. The authors present an observable benchmark as the criterion of the production efficiency to replace the unobservable production frontier surface. This book discusses several different computing technologies, controllable variable as a path of identification, changes in production efficiency by decision making on specific operating conditions, and optimal resource allocation. The book provides a channel to tap inside the success stories of China, exploiting the way of changes in production efficiency during China’s development in the past 30 years. This book examines the concepts and realization of production efficiencies across all areas of the economy. Also the book provides the perspective of foreign direct investment (FDI) absorption to identify how Chinese economy changes in production efficiency.
China as the Workshop of the World by Yuning Gao Pdf
Is China becoming the "workshop of the world" in the same way as Britain and the United States once were; or is China – as some multinational companies believe – simply a processing segment in global production networks? This book examines China’s role in the international division of labor: it analyzes the scale and scope of China’s manufacture; the type and relative sophistication of its exports in the world market; and its position in the global value chain. It shows that China monopolizes industrial production by being the processing center of world. Based on extensive original research, this book examines the structure of production in global manufacturing industries, applying both qualitative and quantitative methods. It analyzes each segment of the value chain, exploring in depth several specific industrial sectors. It concludes that China has become deeply integrated into global manufacturing industry; that China’s position in the value chain is still quite low, with relatively low research and development (R&D) and other similar high-value activities; but that, in some sectors, China is catching up rapidly, especially in newly emerging sectors.
Routledge Handbook of Industry and Development by John Weiss,Michael Tribe Pdf
The Routledge Handbook of Industry and Development is a global overview of industrialisation. Each chapter will provide readers with contemporary insights into this this essential aspect of economic development. Industrialisation has been at the forefront of discussion on economic development since the earliest days of development economics. But over the last fifty years, the manufacturing sectors of different countries and regions have grown at strikingly different rates. In 1960 developing countries took a very small share of global manufacturing production. Today the position had changed radically with fast growth of manufacturing in many parts of what was originally the developing world, particularly in China and the rest of East Asia. On the other hand, countries in Africa and parts of Latin America have been largely left behind by this process of industrialisation. This volume aims to illuminate this uneven development and takes stock of the current issues that hinder and support industrialisation in low and middle income economies. This Handbook is a collection of chapters on different aspects of industrialisation experience in a range of countries. Key themes include, the role of manufacturing in growth, the nature of structural change at different stages of development, the role of manufacturing in employment creation, alternative options for trade and industrial policy, the key role of technology and technical change, and the impact of globalisation and the spread of global value chains and foreign direct investment on prospects for industrialisation. Several chapters discuss individual country experiences with examples from India, Mexico, South Africa and Tanzania, as well as an overview of African industrialisation. This authoritative Handbook will be a key reference source for those studying or wishing to understand contemporary economic development. Offering inspiration and direction for future research, this landmark volume will be of crucial importance to all development economics scholars and researchers.
China's Declining Business Dynamism by Diego A. Cerdeiro,Cian Ruane Pdf
After impressive growth in the 2000s, China's productivity has more recently stagnated. We use firm-level data to analyze productivity and firm dynamism trends from 2003 to 2018. We document six facts that together show a decline in China’s business dynamism. We show that (i) the revenue share of young firms has declined, (ii) the life-cycle growth of young firms relative to older incumbents has slowed, (iii) weaker life-cycle growth can be explained by slower productivity growth and weaker investment in intangibles, (iv) younger and smaller firms are more capital constrained than their older and larger counterparts, (v) the responsiveness of capital growth to the marginal product of capital has declined, and (vi) large productivity gaps between SOEs and private firms persist. We find that business dynamism is weaker in provinces where SOEs account for a larger share of the capital stock. Our results suggest that declining private business dynamism is an important factor in explaining China's sluggish TFP growth and that SOE reform could boost productivity growth indirectly by stimulating business dynamism.
Few countries have integrated into the world economy as fast – or as dramatically – as China has since 1978. The world’s most populous country is emerging as a world workshop and export machine: a visit to a department store in any country will unearth a plethora of goods manufactured in the People’s Republic. China is now the world’s fourth largest exporting nation. In this important book, Kevin Zhang brings together an international team of contributors to analyze this development process. Taking a thematic approach, the book covers: * manufacturing exports and the world workshop * foreign capital and china’s industrial development * challenges from the WTO and openness. This topical analysis will be an excellent resource for postgraduate students and researchers in the fields of Asian and Chinese studies, export studies, and economics.
Challenges for the Future of Chinese Economic Growth by Jane Haltmaier Pdf
The Chinese economy has been growing at a rapid pace for over thirty years. Most of this growth has come from higher labor productivity, while growth of employment has diminished along with a slower rate of increase in the working-age population. This study looks at the challenges that China will face over the next two decades in maintaining its rapid pace of economic growth, especially as working-age population growth slows further and then begins to decline. Key questions include whether China will be able to continue to devote nearly half of its GDP to investment, whether such investment will become less productive as the capital-labor ratio continues to rise, whether labor participation and employment rates will fall as the population becomes less rural, and whether future shifts out of rural employment will go more toward the services rather than the manufacturing sector, where productivity is higher. In the baseline scenario economic growth falls gradually from its current pace of about 10% to near 6½% by 2030. However, less optimistic but still reasonable assumptions result in a reduction in the growth rate to about 1½% by 2030. Figures and tables. This is a print on demand report.
Beyond the Iron Rice Bowl by Boy Lüthje,Siqi Luo,Hao Zhang Pdf
Examines labour relations in modern China. Presents case studies of multinational, Chinese, and overseas Chinese enterprises in the automotive, electronic, and garment industries. Analyses regimes of production, discussing industrial relations theory and labour sociology, collective bargaining, trade union reform, and democratic workplace representation in China.
13 Steps to Manufacturing in China by B. Mitchell Pdf
A comprehensive reference book providing the tactics, strategies, and methodology for establishing a manufacturing plant in China. The book is jam packed with details including sourcing Chinese equipment, importing used or new equipment, building construction, and permit requirements.
