Re Balancing China

Author : Huw McKay,Ligang Song
Publisher : ANU E Press
Page : 386 pages
File Size : 49,9 Mb
Release : 2012-07-01
Category : Business & Economics
ISBN : 9781921862809

Get Book

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?

Author : Rui Mano,Jiayi Zhang
Publisher : International Monetary Fund
Page : 17 pages
File Size : 45,6 Mb
Release : 2018-11-12
Category : Business & Economics
ISBN : 9781484380673

Get Book

China’s Rebalancing: Recent Progress, Prospects and Policies by Rui Mano,Jiayi Zhang Pdf

While China’s growth gathered momentum in 2017, rebalancing was uneven and decelerated along many dimensions reflecting the temporary factors behind the growth pickup. Going forward, rebalancing is expected to proceed as these temporary factors recede, but elevated income inequality and leverage will remain a challenge. The authorities are already pursuing several pro-rebalancing policies which could be expanded to support each dimension of rebalancing while reducing trade-offs between them.

Author : Mr.Anoop Singh,Mr.Malhar Nabar,Mr.Papa M N'Diaye
Publisher : International Monetary Fund
Page : 292 pages
File Size : 40,6 Mb
Release : 2013-11-07
Category : Business & Economics
ISBN : 9781484303931

Get Book

China's Economy in Transition by Mr.Anoop Singh,Mr.Malhar Nabar,Mr.Papa M N'Diaye Pdf

China's current account surplus has declined to around one-quarter the peak reached before the global financial crisis. While this is a major reduction in China's external imbalance, it has not been accompanied by a decisive shift toward consumption-based growth. Instead, the compression in its external surplus has been accomplished through increasing fixed investment so that it is now an even higher share of China's national economy. This increasing reliance on fixed investment as the main driver of China's growth raises questions about the durability of the compression in the external surplus and the sustainability of the current growth model that has had unprecedented success in lifting about 500 million people out of poverty over the last three decades. This volume examines various aspects of the rebalancing process underway in China, highlighting policy lessons for achieving stable, sustainable, and inclusive growth.

Author : B. R. Deepak
Publisher : Springer
Page : 253 pages
File Size : 55,7 Mb
Release : 2018-01-10
Category : Social Science
ISBN : 9789811059728

Get Book

China's Global Rebalancing and the New Silk Road by B. R. Deepak Pdf

This collaborative volume​ discusses the One Belt One Road, or the New Silk Road, initiative of Chinese President Xi Jinping from the perspectives of the Belt and Road countries. This initiative has been viewed as a re-globalization drive by China in the backdrop of financial crisis of the West and the latter’s increasingly protectionist tendencies of late. Rather than ‘rebalancing’ towards a certain region, this is supposed to be China’s ‘global rebalancing’ aimed at inclusiveness and a win-win partnership. The initiative has raised hopes as well as suspicions about China's goals and intentions; that is, whether this is in sync with China’s foreign policy goals, such as multipolarity, no hegemonic aspirations, and common security, or if this is an antidote to the U.S. foreign policy goals in the region, and China’s ambition to realizing its long-term vision for Asian regional and global order. In this volume, a galaxy of eminent academics from India, China, Pakistan, Uzbekistan, Germany and Southeast Asia have critically analysed every aspect of this mammoth project, including the six major economic corridors identified by China for policy coordination, infrastructure connectivity, unimpeded trade, monetary circulation, and people to people exchanges. The authors have interpreted China’s peripheral, regional as well as global diplomacy both over land and sea. This topical volume is of interest to scholars and students of Asian studies, China studies, Asian history, development studies, international relations and international trade.

Author : Anonim
Publisher : Unknown
Page : 128 pages
File Size : 40,5 Mb
Release : 2012
Category : Electronic
ISBN : OCLC:848132856

Get Book

Rebalancing and Sustaining Growth in China by Anonim Pdf

Author : Ms.Longmei Zhang
Publisher : International Monetary Fund
Page : 22 pages
File Size : 43,8 Mb
Release : 2016-09-06
Category : Business & Economics
ISBN : 9781475532937

Get Book

Rebalancing in China—Progress and Prospects by Ms.Longmei Zhang Pdf

China is transitioning to a greener, more inclusive, more consumer and service based, and less credit-driven economy. This paper defines a framework for assessing rebalancing, reviews progress, and discusses medium-term prospects. External rebalancing has advanced well, while progress on internal rebalancing has been mixed, with substantial progress on the supply side, moderate progress on the demand side, and limited progress on the credit side. Rebalancing on income equality and environment has also been mixed, with the energy intensity of growth falling and labor’s share of income rising, but income inequality and local air pollution remaining very high. Going forward, the high national saving is expected to fall owing to demographic change and a stronger social safety net, while the investment ratio is expected to fall similarly, with increasing competition and profit normalization as growth slows. The service sector will continue to gain importance, helping reduce the carbon intensity of output and increase labor’s share of national income and household consumption. Reducing the credit intensity of growth is likely to progress slowly unless decisive corporate restructuring and SOE reforms are implemented.

Author : Michael Pettis
Publisher : Princeton University Press
Page : 256 pages
File Size : 55,9 Mb
Release : 2014-10-26
Category : Business & Economics
ISBN : 9780691163628

Get Book

The Great Rebalancing by Michael Pettis Pdf

How trade imbalances spurred on the global financial crisis and why we aren't out of trouble yet China's economic growth is sputtering, the Euro is under threat, and the United States is combating serious trade disadvantages. Another Great Depression? Not quite. Noted economist and China expert Michael Pettis argues instead that we are undergoing a critical rebalancing of the world economies. Debunking popular misconceptions, Pettis shows that severe trade imbalances spurred on the recent financial crisis and were the result of unfortunate policies that distorted the savings and consumption patterns of certain nations. Pettis examines the reasons behind these destabilizing policies, and he predicts severe economic dislocations that will have long-lasting effects. Demonstrating how economic policies can carry negative repercussions the world over, The Great Rebalancing sheds urgent light on our globally linked economic future.

Author : Peter Nolan
Publisher : Anthem Press
Page : 265 pages
File Size : 49,6 Mb
Release : 2015-03-01
Category : Business & Economics
ISBN : 9781783084166

Get Book

Re-balancing China by Peter Nolan Pdf

‘Re-balancing China’ addresses three key sets of issues in China’s political economy. Part One provides an analysis of the profound effect of the global financial crisis upon China’s economy, as well as the positive impact of the massive rescue package that was implemented in response to the crisis. Part Two focuses on the challenge of globalization for China’s industrial policy. After more than two decades of industrial policy, China still has a negligible number of large firms that are competitive in global markets. China’s experience presents a fundamental challenge to traditional concepts of industrial policy and development. Part Three examines China’s international relations – in particular, its relationship with the US and the interactions between the two countries in the East and South China Seas.

Author : Mr.Roger Nord,Ms.Wenjie Chen
Publisher : International Monetary Fund
Page : 32 pages
File Size : 47,5 Mb
Release : 2017-04-07
Category : Business & Economics
ISBN : 9781475583434

Get Book

A Rebalancing Act for China and Africa by Mr.Roger Nord,Ms.Wenjie Chen Pdf

How does China’s new growth model affect sub-Saharan Africa? To address this question, this paper first looks at the growing ties between China and Africa; attempts to estimate more precisely the impact on growth through the trade channel; and finally draws some policy implications regarding whether this means an end of the Africa Rising narrative or merely the beginning of a new chapter.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 27 pages
File Size : 43,7 Mb
Release : 2021-05-11
Category : Business & Economics
ISBN : 9781513573779

Get Book

China's Rebalancing and Gender Inequality by International Monetary Fund Pdf

This paper examines gender inequality in the context of structural transformation and rebalancing in China. We document declining women's relative wages and labor force participation in China during the last two decades, despite rapid growth and expansion of the service sector. Using household data, we provide evidence consistent with a U-shaped relationship between economic development and women's labor market outcomes. Using a model of structural transformation, we show that labor market barriers for women have increased over time. Model counterfactuals suggest that removing these barriers and increasing service sector productivity can boost both gender equality and economic growth in China.

Author : Hongying Wang,Centre for International Governance Innovation
Publisher : Unknown
Page : 11 pages
File Size : 47,6 Mb
Release : 2014
Category : China
ISBN : OCLC:881503740

Get Book

China's Long March Toward Economic Rebalancing by Hongying Wang,Centre for International Governance Innovation Pdf

After more than three decades of sustained economic growth, China has become the second-largest economy in the world. Chinese policies and behaviour have come to shape the global economy in profound ways and what China does, or does not do, at home and abroad often has broad implications for the rest of the world. This policy brief examines China's external and internal economic imbalance and analyzes the political obstacles hindering its economicrebalancing.

Author : Pramod Jaiswal,Deepak Prakash Bhatt
Publisher : Springer Nature
Page : 240 pages
File Size : 40,8 Mb
Release : 2021-09-11
Category : Social Science
ISBN : 9789811637575

Get Book

Rebalancing Asia by Pramod Jaiswal,Deepak Prakash Bhatt Pdf

This book explores the struggle between China and the United States to expand their influence in Asia through economic assistance and defensive alliances. It brings together the diverse viewpoints of scholars from various countries on how Asian countries will exploit this geo-strategic competition to pursue their national interests, while also balancing their relations with the two great powers. The book offers a valuable asset for all those who have an interest in great power politics and international relations, especially academics, policymakers and security experts.

Author : Michael E. O'Hanlon,James Steinberg
Publisher : Brookings Institution Press
Page : 70 pages
File Size : 46,7 Mb
Release : 2017-05-30
Category : Political Science
ISBN : 9780815731306

Get Book

A Glass Half Full? by Michael E. O'Hanlon,James Steinberg Pdf

" How to stabilize the security relationship between Washington and Beijing. The U.S.-China relationship has not always been smooth, but since Richard Nixon's opening in the early 1970s, the two countries have evolved a relationship that has been generally beneficial to both parties. Economic engagement and a diplomatic partnership together with robust trade and investment relations, among other activities, have meant a peaceful context for reform and China's rise, helping to lift millions of Chinese out of poverty and giving the PRC incentive to work within the U.S.-led global order. The logic of the relationship, however, is now open to serious debate on both sides of the Pacific. After a period of American preoccupation with the Middle East, President Obama attempted a rebalancing of U.S. interests toward the Asia-Pacific region. With the Trump administration in office, the U.S.-China relationship appears to be at a crossroads: does it continue to focus on constructive engagement and managing differences, or prepare for a new era of rivalry and conflict? Here, following up on their 2014 book, Strategic Reassurance and Resolve, the authors provide a more balanced assessment of the current state of relations and suggest measures that could help stabilize the security relationship, without minimizing the very real problems that both Beijing and Washington must address. The authors are hopeful, but are also under no illusions about the significance of the challenges now posed to the bilateral relationship, as well as regional order, by the rise of China and the responses of America together with its allies. "

Author : Da Lei
Publisher : World Scientific
Page : 235 pages
File Size : 50,5 Mb
Release : 2022-07-27
Category : Political Science
ISBN : 9789811247637

Get Book

China And The World Economy: Anti-crisis And Rebalance by Da Lei Pdf

This book studies the main characteristics of the operation of the Chinese economy and the world economy after the financial crisis in 2008. The analysis starts from the core logic of the dilemma of the anti-crisis and rebalancing growth of the world economy. It further analyzes the impact of major countries' macro-economic policies on the global economy and the external risks and countermeasures faced by the Chinese economy. In addition, this book studies the development of foreign direct investment and the service industry in major countries after the crisis.

Author : Mr.Anoop Singh,Mr.Malhar S Nabar,Mr.Papa M N'Diaye
Publisher : International Monetary Fund
Page : 54 pages
File Size : 47,7 Mb
Release : 2013-09-11
Category : Business & Economics
ISBN : 9781484374177

Get Book

Excerpt: China's Economy in Transition by Mr.Anoop Singh,Mr.Malhar S Nabar,Mr.Papa M N'Diaye Pdf

This is a prepublication excerpt of "China's Economy in Transition." The excerpt includes the Table of Contents, Introduction and Overview, Chapter Summaries, and Recap.