China’s High Savings: Drivers, Prospects, and Policies

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484388771
Total Pages : 38 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis China’s High Savings: Drivers, Prospects, and Policies by : Ms.Longmei Zhang

Download or read book China’s High Savings: Drivers, Prospects, and Policies written by Ms.Longmei Zhang and published by International Monetary Fund. This book was released on 2018-12-11 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s high national savings rate—one of the highest in the world—is at the heart of its external/internal imbalances. High savings finance elevated investment when held domestically, or lead to large external imbalances when they flow abroad. Today, high savings mostly emanate from the household sector, resulting from demographic changes induced by the one-child policy and the transformation of the social safety net and job security that occured during the transition from planned to market economy. Housing reform and rising income inequality also contribute to higher savings. Moving forward, demographic changes will put downward pressure on savings. Policy efforts in strengthening the social safety net and reducing income inequality are also needed to reduce savings further and boost consumption.

People's Republic of China

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484314743
Total Pages : 77 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis People's Republic of China by : International Monetary Fund. Asia and Pacific Dept

Download or read book People's Republic of China written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2017-08-15 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt: Selected Issues

China’s Rebalancing: Recent Progress, Prospects and Policies

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513510703
Total Pages : 17 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis China’s Rebalancing: Recent Progress, Prospects and Policies by : Rui Mano

Download or read book China’s Rebalancing: Recent Progress, Prospects and Policies written by Rui Mano and published by International Monetary Fund. This book was released on 2018-11-12 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

China 2049

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Author :
Publisher : Brookings Institution Press
ISBN 13 : 0815738064
Total Pages : 444 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis China 2049 by : David Dollar

Download or read book China 2049 written by David Dollar and published by Brookings Institution Press. This book was released on 2020-06-09 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

People's Republic of China

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484314727
Total Pages : 77 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis People's Republic of China by : International Monetary Fund. Asia and Pacific Dept

Download or read book People's Republic of China written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2017-08-15 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper examines the drivers and prospects for high levels of savings in China. China has one of the highest levels of national savings in the world, which is at the heart of its external and internal imbalances. High and rising household savings have mainly resulted from demographic changes as a result of the one-child policy and the breakdown of the social safety net during the transition from a planned to a market economy. Demographic changes will put downward pressure on national savings. Policy efforts to strengthen the social safety net and reduce income inequality are also needed to reduce savings further and faster and to boost consumption.

A Comprehensive Package of Macroeconomic Policy Measures for Implementing China’s Climate Mitigation Strategy

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis A Comprehensive Package of Macroeconomic Policy Measures for Implementing China’s Climate Mitigation Strategy by : Jean Chateau

Download or read book A Comprehensive Package of Macroeconomic Policy Measures for Implementing China’s Climate Mitigation Strategy written by Jean Chateau and published by International Monetary Fund. This book was released on 2022-07-15 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents ways for China to achieve its climate goals while also attain high-quality growth—growth that is balanced, inclusive, and green. Using a dynamic computable general equilibrium model that is calibrated to China, multiple scenarios are considered that incorporate a sequence of layered policies: (i) frontloading mitigation with an earlier emissions peak, (ii) power market reforms, and (iii) economic rebalancing. The results highlight that these policies can significantly contribute to the success of the climate strategy overall, including by lowering the shadow price of carbon as well as the associated mitigation costs. Distribution analysis offers proposals to lessen the impact on vulnerable households.

The Evolution of China’s Political Economy

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Author :
Publisher : Taylor & Francis
ISBN 13 : 1000877523
Total Pages : 283 pages
Book Rating : 4.0/5 (8 download)

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Book Synopsis The Evolution of China’s Political Economy by : Rich Marino

Download or read book The Evolution of China’s Political Economy written by Rich Marino and published by Taylor & Francis. This book was released on 2023-05-01 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: For years, China’s rapid economic transformation was hailed as a successful project that lifted hundreds of millions of people out of poverty. However, in recent times, the Chinese narrative has taken a more negative turn in the eyes of the West. Much of this has to do with the US perception about the role of the Chinese state in its economy and its military build-up, especially in the South China Sea. There’s no question, China’s complex economy can be difficult to understand. Information is often unclear and incomplete, and its data are not always reliable. However, this book presents the reader with a clear picture of China’s economy and how it compares to other advanced economies, mainly the United States. The book unwraps the key features and structures of China’s economy. Moreover, it examines and shows the similarities and differences in comparison with other like economies. In that effort, it underscores the differences by evaluating their benefits as well as their disadvantages, against the backdrop of China’s incomplete transition to a market economy. This along with its governance structure becomes the crucial components shaping the way key stakeholders will act and react to opportunities and incentives as that economy evolves. The book supplements the definition of globalization for the academic, the student, the professional and anyone else interested in its positive and negative effects. It is also a good fit for anyone who wants to understand China’s three elements of political economy: global trade, political power and its image on the global stage.

Inequality in China – Trends, Drivers and Policy Remedies

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484357531
Total Pages : 31 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Inequality in China – Trends, Drivers and Policy Remedies by : Ms.Sonali Jain-Chandra

Download or read book Inequality in China – Trends, Drivers and Policy Remedies written by Ms.Sonali Jain-Chandra and published by International Monetary Fund. This book was released on 2018-06-05 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: China has experienced rapid economic growth over the past two decades and is on the brink of eradicating poverty. However, income inequality increased sharply from the early 1980s and rendered China among the most unequal countries in the world. This trend has started to reverse as China has experienced a modest decline in inequality since 2008. This paper identifies various drivers behind these trends – including structural changes such as urbanization and aging and, more recently, policy initiatives to combat it. It finds that policies will need to play an important role in curbing inequality in the future, as projected structural trends will put further strain on equity considerations. In particular, fiscal policy reforms have the potential to enhance inclusiveness and equity, both on the tax and expenditure side.

China’s Grand Strategy

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Author :
Publisher : Rand Corporation
ISBN 13 : 1977404200
Total Pages : 155 pages
Book Rating : 4.9/5 (774 download)

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Book Synopsis China’s Grand Strategy by : Andrew Scobell

Download or read book China’s Grand Strategy written by Andrew Scobell and published by Rand Corporation. This book was released on 2020-07-27 with total page 155 pages. Available in PDF, EPUB and Kindle. Book excerpt: To explore what extended competition between the United States and China might entail out to 2050, the authors of this report identified and characterized China’s grand strategy, analyzed its component national strategies (diplomacy, economics, science and technology, and military affairs), and assessed how successful China might be at implementing these over the next three decades.

Why Is The China Model Losing Its Power? - Challenges And Opportunities Of The Second Global Competition

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Publisher : World Scientific
ISBN 13 : 9811216290
Total Pages : 304 pages
Book Rating : 4.8/5 (112 download)

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Book Synopsis Why Is The China Model Losing Its Power? - Challenges And Opportunities Of The Second Global Competition by : Jinghao Zhou

Download or read book Why Is The China Model Losing Its Power? - Challenges And Opportunities Of The Second Global Competition written by Jinghao Zhou and published by World Scientific. This book was released on 2020-07-23 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: History has proved that communism failed at many levels during the first global competition between the capitalist and socialist camps during the Cold War. As a result, the socialist camp was dissolved. China is one of the few communist countries to survive in the twenty-first century. The Chinese economy was on the verge of collapse in the 1970s but began to take off in the early 1980s, guided by the China model. China became the world's second largest economy in 2010 and has quickly expanded its enormous global market and political influence. The second global competition between the capitalist countries and China has started. The second global competition is in fact between the China model and the Washington Consensus. Will Western hegemonies end as the result of the second global competition? Will China be able to rewrite the international rules? Will the Chinese communist political system collapse during the competition? What should the West do to the China model? This book will explore the implications of the China model in the context of the second global competition and argues that the downturn of the China model and China's global expansion are the two sides of the same coin. The China model is losing its power but not broken. China would be able to become even stronger, if it could reshape the philosophical foundation of the China model. The future of Western hegemony will depend on how the West understands the China model and deals with it. This book addresses these aspects and more.

China’s Productivity Convergence and Growth Potential—A Stocktaking and Sectoral Approach

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513515357
Total Pages : 46 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis China’s Productivity Convergence and Growth Potential—A Stocktaking and Sectoral Approach by : Min Zhu

Download or read book China’s Productivity Convergence and Growth Potential—A Stocktaking and Sectoral Approach written by Min Zhu and published by International Monetary Fund. This book was released on 2019-11-27 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The Drivers, Implications and Outlook for China’s Shrinking Current Account Surplus

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Publisher : International Monetary Fund
ISBN 13 : 1513520024
Total Pages : 25 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis The Drivers, Implications and Outlook for China’s Shrinking Current Account Surplus by : Mr.Pragyan Deb

Download or read book The Drivers, Implications and Outlook for China’s Shrinking Current Account Surplus written by Mr.Pragyan Deb and published by International Monetary Fund. This book was released on 2019-11-08 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s current account surplus has declined significantly from its peak in 2008 and the external position in 2018 was in line with medium-term fundamentals and desirable policies. While cyclical factors and expansionary credit and fiscal policies contributed, the trend decline has been largely structural, driven by economic rebalancing from investment to consumption, appreciation of the real effective exchange rate (REER) towards equilibrium, increase in outbound tourism, and moderation in goods surplus reflecting market saturation and China’s faster growth compared with trading partners. Policies should focus on continued rebalancing and opening up to ensure excessive surpluses do not return, and to prepare the economy and the financial system to handle more volatile capital flows. From a global perspective, the decline in China’s surplus has lowered global imbalances, but with different impact across countries. The analysis is based on data as of July 2019.

People’s Republic of China: Selected Issues

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 83 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis People’s Republic of China: Selected Issues by : International Monetary

Download or read book People’s Republic of China: Selected Issues written by International Monetary and published by International Monetary Fund. This book was released on 2022-02-04 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: Selected Issues

Multi-Polar Capitalism

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Author :
Publisher : Springer Nature
ISBN 13 : 3030882470
Total Pages : 322 pages
Book Rating : 4.0/5 (38 download)

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Book Synopsis Multi-Polar Capitalism by : Robert Guttmann

Download or read book Multi-Polar Capitalism written by Robert Guttmann and published by Springer Nature. This book was released on 2021-12-04 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: History teaches us important lessons, provided we can discern its patterns. Multi-Polar Capitalism applies this insight to the crucial, yet often underappreciated issue of international monetary relations. When international monetary systems get first put into place successfully, such as the “classic” gold standard in 1879, Bretton Woods in 1945, or the dollar standard in 1982, they structure relations between the system’s centre and the rest of the world so that others can catch up to the leader. But this growth-promoting constellation, a vector for accelerating globalization, runs its course eventually amidst mounting overproduction conditions in key sectors and spreading financial instability. Such periods of global crisis, from the Great Depression of the 1930s to stagflation in the 1970s and creeping deflation during much of the 2010s, force restructuring and policy reforms until conditions are ripe for a renewed phase of sustained expansion. We are facing such a turning point now. As we are moving from a US-dominated world economy towards a multi-polar configuration, we will also see the longstanding dollar standard give way to a multi-currency system. Three currency blocs rooted in the dollar, euro, and yuan will be dominated respectively by the United States, the European Union, and China, each a power centre representing a distinct variant of capitalism. Their complex mix of competition and cooperation necessitates new “rules of the game” promoting the shared pursuit of global public goods, in particular the impending zero-carbon transition, lest we allow fragmentation and conflict shape this next chapter of our history. Multi-Polar Capitalism adds to a century of research and debate on long waves, those roughly half-century cycles first identified by the great Soviet economist Nikolai Kondratiev in the early 1920s, by highlighting the role of the international monetary system in this distinct boom-and-bust pattern.

China

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Author :
Publisher : Oxford University Press
ISBN 13 : 0190877421
Total Pages : 288 pages
Book Rating : 4.1/5 (98 download)

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Book Synopsis China by : Thomas Orlik

Download or read book China written by Thomas Orlik and published by Oxford University Press. This book was released on 2020-04-01 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Chinese economy appears destined for failure, the financial bubble forever in peril of popping, the real estate sector doomed to collapse, the factories fated for bankruptcy. Banks drowning in bad loans. An urban landscape littered with ghost towns of empty property. Industrial zones stalked by zombie firms. Trade tariffs blocking the path to global markets. And yet, against the odds and against expectations, growth continues, wealth rises, international influence expands. The coming collapse of China is always coming, never arriving. Thomas Orlik, a veteran of more than a decade in Beijing, turns the spotlight on China's fragile fundamentals, and resources for resilience. Drawing on discussions with Communist cadres, shadow bankers, and migrant workers, Orlik pieces together a unique perspective on China's past, present, and possible futures. From Deng Xiaoping's reform and opening to Donald Trump's trade war, Orlik traces the policy steps and missteps that have taken China to the brink of a "Lehman moment" credit crisis. Delving into the balance sheets for banks, corporates, and local governments, he plumbs the depths of financial risks. From Japan in 1989, to Korea in 1997, to the U.S. in 2007, he positions China in the context of a rolling series of global crisis. Mapping possible scenarios, Orlik games out what will happens if the bubble that never pops finally does. The magnitude of the shock to China and the world would be tremendous. For those in the West nervously watching China's rise as a geopolitical challenger, the alternative could be even less palatable.

International Organizations and the Promotion of Effective Dispute Resolution

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Author :
Publisher : BRILL
ISBN 13 : 9004407413
Total Pages : 260 pages
Book Rating : 4.0/5 (44 download)

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Book Synopsis International Organizations and the Promotion of Effective Dispute Resolution by :

Download or read book International Organizations and the Promotion of Effective Dispute Resolution written by and published by BRILL. This book was released on 2019-06-26 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second volume of the AIIB Yearbook of International Law examines the role of international organizations in promoting effective dispute resolution. It is divided into five parts to reflect a series of overarching themes and relationships. Firstly, international arbitration’s effectiveness and affinity with multilateral institutions. Second, international organizations as proponents of the norms of dispute resolution. Third, the dispute resolution mandates of international organizations. Fourth, the role of dispute resolution and economic development. Together, this diversity of perspectives offers convincing evidence that effective dispute resolution is a precondition to successful economic development—and that international organizations have an essential role to play in promoting both. The fifth part presents the 2018 AIIB Law Lecture given by Georg Nolte, Chair of the International Law Commission, on the subject of ‘International Organizations in the Recent Work of the International Law Commission’ and the 2018 AIIB Legal Conference Report.

People’s Republic of China

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 96 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis People’s Republic of China by : International Monetary

Download or read book People’s Republic of China written by International Monetary and published by International Monetary Fund. This book was released on 2023-02-10 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: People’s Republic of China: Selected Issues