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Author : Nicholas R. Lardy
Publisher : Peterson Institute
Page : 213 pages
File Size : 40,9 Mb
Release : 2012
Category : China
ISBN : 9780881326475
Author : Yongnian Zheng,Sarah Yueting Tong
Publisher : World Scientific
Page : 308 pages
File Size : 51,7 Mb
Release : 2010-02-22
Category : Political Science
ISBN : 9789814466639
The current global financial turmoil, triggered by the US subprime crisis, has spread quickly and resulted in the worst global economic crisis since the 1930s. As the world's third largest economy and the second largest trading nation, China is inevitably affected seriously. How China responds to the crisis and how effective its measures are in sustaining a healthy growth will have important implications, both domestically and internationally.The chapters in this volume are divided into five sections. Section one examines the overall impact of the global economic crisis and the responses of the Chinese government. Section two studies the regional aspect of the economy affected by the crisis. Section three explores such economies of the Mainland's southern neighbors as Hong Kong, Macao and Taiwan, and the prospect of China's trade. Section four surveys the impact on the ideological and social aspects of the country. Section five concludes with an assessment of China's external policies. The volume offers a comprehensive and in-depth assessment of the impact of the crisis and the measures of the Chinese government to overcome the difficulties.
Author : Xiaming Liu,Shujie Yao
Publisher : Routledge
Page : 316 pages
File Size : 49,7 Mb
Release : 2003-04-03
Category : Business & Economics
ISBN : 9781134432226
This book presents the work of a wide range of leading economists of China, who put forward new research findings and new thinking on a wide range of issues connected with the problem of sustaining China's economic growth.
Author : Dr Mu Yang,Michael Siam Heng Heng
Publisher : World Scientific
Page : 144 pages
File Size : 44,5 Mb
Release : 2012-07-25
Category : Electronic
ISBN : 9789814434621
The book analyzes the nature of Chinese economy which enables it to go through the financial tsunami pretty unscathed. It discusses the stimulus package designed by the Chinese government to keep the economy on course, as well as its results ? both positive and negative aspects in the middle and long term. The 2008?09 financial crisis makes it very clear that we need a two-pronged approach to deal with the situation, namely governments need a) to take quick and decisive actions to stem any further deterioration in financial systems; b) to revamp their economies by refitting existing engines in the real economy. China, as the third largest economy in the world, and with its robust domestic consumption and a healthy financial system, is one of the most important drivers to pull the world out of recession. According to the Chinese leadership, China's main contribution is to keep its own economy running smoothly. In response to the crisis, the Beijing government has poured money into the following sectors: public housing, earthquake reconstruction, physical infrastructure, social security, education and healthcare. So far, the results have helped China to maintain the targeted high growth. Given the open nature of its economy, its high growth has also benefited other countries, thereby contributing to the global economy. The current crisis strengthens a trend that has emerged since the Asian financial crisis of 1997. And that is the enhanced economic integration of China with its East Asian neighbours and Southeast Asia. This augurs well for East Asian regionalism which may include the birth of Asian Monetary Fund. The global environment in the wake of the crisis poses new challenges to China, for example, in the form of shrinking size of its traditional export market in the USA and Europe. China needs to modify its strategy from previous export-oriented and investment-driven strategy into one with more emphasis on consumption. There is a lot of scope for China to embark on productive consumption such as cleaning up the environment, physical infrastructure, social security, education and healthcare. If done well, they will lay a firm basis for long-term economic development. It represents an occasion for China to embark on a nation-wide effort to upgrade its economy in the key sectors. At the same time, attention needs to be paid to improving economic-legal institutional framework to support China's role as a major global player.Contents: IntroductionThe 2008 Financial Crisis and the Chinese EconomyShanghai as an International Financial CentreThe Renminbi DebatePromoting China-ASEAN Economic CooperationThe Flying Geese ModelReflections on Developmental ModelsBy Way of Conclusion: Some Random Thoughts Readership: Academics interested in Asian Studies, China's economy and the financial crisis; general public.
Author : Mr.Anoop Singh,Mr.Malhar Nabar,Mr.Papa M N'Diaye
Publisher : International Monetary Fund
Page : 292 pages
File Size : 55,7 Mb
Release : 2013-11-07
Category : Business & Economics
ISBN : 9781484303931
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 : Mustapha K. Nabli
Publisher : World Bank Publications
Page : 662 pages
File Size : 49,9 Mb
Release : 2010-12-03
Category : Business & Economics
ISBN : 0821385143
The book provides one of the most detailed and comprehensive reviews of the growth experience of a group of low and middle income countries before and during the global crisis. It then explores their growth prospects after the recovery and how they may be shaped by the new global economic environment.
Author : Jean-Pierre Cabestan,Jean-François Di Meglio,Xavier Richet
Publisher : Routledge
Page : 210 pages
File Size : 55,8 Mb
Release : 2012
Category : Business & Economics
ISBN : 9780415675147
This book examines China's response to the 2007-2008 global financial crisis, and the resulting new status acquired by China within the international economy. It considers the things China did to weather the crisis, discussing the stimulus package put in place by China and how China's banks coped, but above all examines the measures which countries outside China look to China to put in place in order to better encourage and secure world-wide economic recovery, measures such as currency revaluation, tax reform and greater stimulation of domestic demand. The book contrasts China's response to the crisis, and China's increasingly central role in the world economy, with the responses of the European Union. The book also assesses China's increasingly important regional role, in particular its dialogue with the new Japanese government, and China's positioning towards Southeast Asia, and also discusses the growth of Chinese foreign direct investment.
Author : Jin Zhang,Zhang Laiming
Publisher : Routledge
Page : 316 pages
File Size : 54,5 Mb
Release : 2017-09-22
Category : Social Science
ISBN : 9781351731454
This book brings together leading international scholars and leading scholars from China’s highly prestigious Development Research Centre of the State Council of the People’s Republic of China, who all put forward their insights into the current challenges for the Chinese and the world economy. The book focuses on six topics: economic growth, trade, industry and services, innovation, finance, and environment and ecology, all of which are central to the sustainable economic growth of China and the world. Overall, the book provides balanced perspectives as well as rich empirical evidence from China and other parts of the world on the development and regulation of the Chinese and the world economy.
Author : Piotr Łasak,René W.H. van der Linden
Publisher : Springer Nature
Page : 189 pages
File Size : 54,9 Mb
Release : 2019-11-14
Category : Business & Economics
ISBN : 9783030301187
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.
Author : David Dollar,Yiping Huang,Yang Yao
Publisher : Brookings Institution Press
Page : 444 pages
File Size : 51,5 Mb
Release : 2020-06-09
Category : Political Science
ISBN : 9780815738060
How will China reform its economy as it aspires to become the next economic superpower? It’s clear that China is the world’s next economic superpower. But what isn’t so clear is how China will get there by the middle of this century. It now faces tremendous challenges such as fostering innovation, dealing with ageing problem and coping with a less accommodative global environment. In this book, economists from China’s leading university and America’s best-known think tank offer in depth analyses of these challenges. Does China have enough talent and right policy and institutional mix to transit from input-driven to innovation-driven economy? What does ageing mean, in terms of labor supply, consumption demand and social welfare expenditure? Can China contain the environmental and climate change risks? How should the financial system be transformed in order to continuously support economic growth and keep financial risks under control? What fiscal reforms are required in order to balance between economic efficiency and social harmony? What roles should the state-owned enterprises play in the future Chinese economy? In addition, how will technological competition between the United States and China affect each country’s development? Will the Chinese yuan emerge as a major reserve currency, and would this destabilize the international financial system? What will be China’s role in the international economic institutions? And will the United States and other established powers accept a growing role for China and the rest of the developing world in the governance of global institutions such as the World Trade Organization and the International Monetary Fund, or will the world devolve into competing blocs? This book provides unique insights into independent analyses and policy recommendations by a group of top Chinese and American scholars. Whether China succeeds or fails in economic reform will have a large impact, not just on China’s development, but also on stability and prosperity for the whole world.
Author : Nicholas R. Lardy
Publisher : Unknown
Page : 200 pages
File Size : 53,6 Mb
Release : 2018-12-29
Category : Business & Economics
ISBN : 0881327379
"The State Strikes Back: The End of Economic Reform in China? examines the reassertion of state control over the Chinese economy, away from the private sector, with an additional focus on why this trend is impeding the country's potential for future economic growth"--
Author : Xiaolan Fu
Publisher : Routledge
Page : 337 pages
File Size : 46,5 Mb
Release : 2012-03-12
Category : Business & Economics
ISBN : 9781136632495
This book presents a wide-ranging assessment of the current state of China’s economy in relation to the global international economy. It discusses the role China has played in responding to the economic crisis; assesses the continuing strong prospects for further economic growth in China; and examines China’s deepening integration into the world economy. Specific topics covered include China’s foreign reserves and global economic recovery; the international expansion of Chinese multinationals and China’s private businesses; and the role of technological innovation in China’s economic growth. Overall, the book provides a wealth of detail and up-to-date insights concerning China’s development path, growth potential, sustainability and impact.
Author : Richard Sanders,Chen Yang
Publisher : Routledge
Page : 267 pages
File Size : 51,8 Mb
Release : 2007-12-11
Category : Business & Economics
ISBN : 9781134078516
This book discusses the very latest issues relating to China's remarkable economic growth. It provides comprehensive coverage of them, including economic, political-economic, environmental and philosophical questions.
Author : Kumiko Okazaki,Tomoyuki Fukumoto
Publisher : Unknown
Page : 30 pages
File Size : 50,6 Mb
Release : 2011
Category : China
ISBN : OCLC:712591718
As China's economic integration with the global economy deepens, the amount of capital flow to/from China has been increasing significantly, especially since it joined the WTO. In spite of such environment, the recent global financial crisis has not severely affected the Chinese financial markets because of China's relatively strict control of cross-border capital transactions and its strong economic and financial fundamentals. The government's stimulus policies worked effectively to realize a quick recovery of the country's economic growth. However, on the horizon, the factors that protected the Chinese economy during the crisis also seem to carry with them substantial risks and challenges to its sustainable growth. This paper reviews the factors that have kept the Chinese economy and financial markets relatively stable and analyzes the recent changes in China's macro financial linkage overseas, and highlights the challenges that China faces in realizing a sustainable and efficient economic development.
Author : Shujie Yao,Wu Bin,Stephen Morgan,Dylan Sutherland
Publisher : Routledge
Page : 220 pages
File Size : 51,8 Mb
Release : 2010-11
Category : Business & Economics
ISBN : 9781136893872
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.