Chinas Labor Market In The New Normal

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China’s Labor Market in the “New Normal”

Author : Mr.Waikei W. Lam
Publisher : International Monetary Fund
ISBN 13 : 1513570692
Total Pages : 34 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis China’s Labor Market in the “New Normal” by : Mr.Waikei W. Lam

Download or read book China’s Labor Market in the “New Normal” written by Mr.Waikei W. Lam and published by International Monetary Fund. This book was released on 2015-07-13 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: As China implements reforms under the “new normal,” maintaining stability in the labor market is a priority. The country’s demography and labor dynamics are changing, after benefitting in past decades from ample cheap labor. So far, the labor market appears to be resilient, even as growth slows, driven in part by expansion of the services sector. Migrant flows and possible labor hoarding in overcapacity sectors may also help explain this. Yet, while the latter two factors help serve as shock absorbers— contributing to labor market stability in the short term—if they persist, they may delay the needed adjustment process, contributing to an inefficient allocation of resources and curtailing productivity gains. This paper quantifies to what extent structural trends and the reform pace affect employment growth under the new normal. Delays in reform implementation would weaken growth prospects in the medium term, running the risk that job creation will fall below policy targets, leading to labor market pressures in the future. In contrast, successful transition might require faster reforms, including in the overcapacity and state-owned enterprise sectors, supported by well targeted social safety nets.

China's Labor Market in the "new Normal"

Author : W. Raphael Lam
Publisher :
ISBN 13 : 9781513511962
Total Pages : pages
Book Rating : 4.5/5 (119 download)

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Book Synopsis China's Labor Market in the "new Normal" by : W. Raphael Lam

Download or read book China's Labor Market in the "new Normal" written by W. Raphael Lam and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: As China implements reforms under the "new normal," maintaining stability in the labor market is a priority. The country's demography and labor dynamics are changing, after benefitting in past decades from ample cheap labor. So far, the labor market appears to be resilient, even as growth slows, driven in part by expansion of the services sector. Migrant flows and possible labor hoarding in overcapacity sectors may also help explain this. Yet, while the latter two factors help serve as shock absorbers- contributing to labor market stability in the short term-if they persist, they may delay the

China's Economy In Transformation Under The New Normal

Author : Sarah Yueting Tong
Publisher : #N/A
ISBN 13 : 981320821X
Total Pages : 244 pages
Book Rating : 4.8/5 (132 download)

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Book Synopsis China's Economy In Transformation Under The New Normal by : Sarah Yueting Tong

Download or read book China's Economy In Transformation Under The New Normal written by Sarah Yueting Tong and published by #N/A. This book was released on 2017-07-07 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the recent development and prospect of the Chinese economy as the country adapts to changing domestic and external settings. After more than three decades of near double-digit annual expansion, the country's growth decelerated considerably to enter a new era of the so-called New Normal.At the macro level, considerable amount of overhaul is required to improve governance and enhance regulatory effectiveness. These include monetary policy adjustment, financial sector development and taxation reforms.As the Chinese government at both the central and local levels plays an important role in promoting growth, issues such as the role of local government and the reform of state-owned enterprises are examined in this book. Topics such as the development of private consumption and industrial upgrading are also assessed. The book discusses several matters considered important to China's social and economic cohesion including the management of agricultural product reserves, the development of a functioning social security system and regional development. To help project a long-term view of China's economic strength, the book also examines such factors as development in population and the labour market.This book provides a comprehensive analysis of China's economy and identifies the recent developments that matter to China's economic future.

China’s New Normal, Supply-side, and Structural Reform

Author : Cai Fang
Publisher : Routledge
ISBN 13 : 1000466205
Total Pages : 218 pages
Book Rating : 4.0/5 (4 download)

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Book Synopsis China’s New Normal, Supply-side, and Structural Reform by : Cai Fang

Download or read book China’s New Normal, Supply-side, and Structural Reform written by Cai Fang and published by Routledge. This book was released on 2021-11-29 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s continuous, rapid economic growth since the Reform and Opening up of the country in the early 1980s has been praised as a miracle of the world economy. However, since 2012, the rate of growth has slowed down, rendering some people pessimistic about the country’s economic prospects. This title is a collection of a leading Chinese economists’ views on China’s economic growth and structural reform. The author argues that China’s economy has entered “the new normal”, meaning that slowed growth rate is not a cyclical phenomenon but a change in the stage of economic development. Therefore, there is a need to enact supply-side structural reforms, such as improved efficiency of resource reallocation, while shifting the mode of development from one of inputs to innovation. In addition, the author discusses the five major concepts of development proposed for the “13th Five-Year Plan”, as well as some critical topics related to supply-side structural reform, such as agricultural development, labor employment, and product quality. Scholars and students of macroeconomics, development economics, and the Chinese economy will find this book to be essential reading.

China’s Economic New Normal

Author : Fang Cai
Publisher : Springer Nature
ISBN 13 : 9811532273
Total Pages : 168 pages
Book Rating : 4.8/5 (115 download)

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Book Synopsis China’s Economic New Normal by : Fang Cai

Download or read book China’s Economic New Normal written by Fang Cai and published by Springer Nature. This book was released on 2020-03-11 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely volume on China’s economic “New Normal” features articles by leading scholars from the Chinese Academy of Social Sciences and other research institutions across the country. A broad range of perennial as well as hot-bottom topics related not just to economic growth but also to its social and political ramifications are covered, including patterns of growth, income distribution, domestic consumption, the global economic dynamics, and policy responses to these and other developments. Contributors not only combine theoretical and empirical analyses of these critical issues but also examine the historical background and the social context to what may be one of the most significant developments not just for China but also for the rest of the world.

China's Labor Market Performance and Challenges

Author : Mr.Ray Brooks
Publisher : International Monetary Fund
ISBN 13 : 1451874812
Total Pages : 25 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis China's Labor Market Performance and Challenges by : Mr.Ray Brooks

Download or read book China's Labor Market Performance and Challenges written by Mr.Ray Brooks and published by International Monetary Fund. This book was released on 2003-11-01 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: A more market-oriented labor market has emerged in China in the past twenty years with growing importance of the urban private sector, as state-owned enterprises have downsized. Despite the progress on reforms, a sizable surplus of labor still exists in the rural sector and state-owned enterprises. The main challenge facing China’s labor market in coming years is to absorb the surplus labor into quality jobs while adjusting to World Trade Organization (WTO) accession. This paper estimates that if annual GDP growth averages 7 percent and the employment elasticity is one-half, urban unemployment could double to about 10 percent over the next three to four years. These pressures would be limited by stronger economic growth, especially in the private sector and more labor-intensive service industries which have generated the most jobs in recent years. Therefore, policy should focus on encouraging private sector development while reducing barriers to labor mobility, improving worker skills, upgrading job search services, and strengthening the social safety net.

Income Distribution And China's Economic "New Normal"

Download Income Distribution And China's Economic

Author : Li Shi
Publisher : World Scientific
ISBN 13 : 9811200661
Total Pages : 324 pages
Book Rating : 4.8/5 (112 download)

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Book Synopsis Income Distribution And China's Economic "New Normal" by : Li Shi

Download or read book Income Distribution And China's Economic "New Normal" written by Li Shi and published by World Scientific. This book was released on 2019-08-15 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the Chinese economy has moved to a 'New Normal' of slower growth and changed model of development, its income distribution is being affected in a number of ways. What exactly are the impacts brought by the new changes? How should we view China's income distribution on the whole? What trend will we see in the future? With regard to these and other questions that arise against the backdrop of the economic 'New Normal', the book provides an in-depth analysis of the new issues, characteristics and trends in relation to income growth rates, income and wealth gaps, and the proportion of personal income in China.

A Preliminary Study on the New Normal of China's Economy

Author : Jun Wang
Publisher : Springer Nature
ISBN 13 : 9811653364
Total Pages : 237 pages
Book Rating : 4.8/5 (116 download)

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Book Synopsis A Preliminary Study on the New Normal of China's Economy by : Jun Wang

Download or read book A Preliminary Study on the New Normal of China's Economy written by Jun Wang and published by Springer Nature. This book was released on 2021-10-01 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book shows a panorama of sustainable development practices covering 70 major cities. This book has created the analysis framework of the “New Normal” of China’s economy, demonstrated the features and connotation of the "New Normal", carried out in-depth analysis and systematic study on the connotation and extension of the “New Normal” of China’s economy from ten aspects including growth shift, structural upgrading, innovation drive, regional synergy, moderate inflation, reform bonus, opening-up forced, risk exposure, sustainable development and macro-control in details and proposed targeted policy suggestions with practical application value that adapt to the new normal of China's economy and ensure the sustained, steady and healthy operation of the macro-economy.

Chinese Research Perspectives on Population and Labor, Volume 6

Author : Juwei ZHANG
Publisher : BRILL
ISBN 13 : 9004435808
Total Pages : 144 pages
Book Rating : 4.0/5 (44 download)

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Book Synopsis Chinese Research Perspectives on Population and Labor, Volume 6 by : Juwei ZHANG

Download or read book Chinese Research Perspectives on Population and Labor, Volume 6 written by Juwei ZHANG and published by BRILL. This book was released on 2020-08-17 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume reviews China’s new economy and new employment. Featured reports cover topics including economic growth, employee resettlement, labor relations, innovative industries and others.

China's Economic New Normal

Author : Feng Cai
Publisher :
ISBN 13 : 9789811532283
Total Pages : pages
Book Rating : 4.5/5 (322 download)

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Book Synopsis China's Economic New Normal by : Feng Cai

Download or read book China's Economic New Normal written by Feng Cai and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely volume on Chinas economic "New Normal" features articles by leading scholars from the Chinese Academy of Social Sciences and other research institutions across the country. A broad range of perennial as well as hot-bottom topics related not just to economic growth but also to its social and political ramifications are covered, including patterns of growth, income distribution, domestic consumption, the global economic dynamics, and policy responses to these and other developments. Contributors not only combine theoretical and empirical analyses of these critical issues but also examine the historical background and the social context to what may be one of the most significant developments not just for China but also for the rest of the world.

Towards a Labour Market in China

Author : John Knight
Publisher : OUP Oxford
ISBN 13 : 0191529664
Total Pages : 276 pages
Book Rating : 4.1/5 (915 download)

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Book Synopsis Towards a Labour Market in China by : John Knight

Download or read book Towards a Labour Market in China written by John Knight and published by OUP Oxford. This book was released on 2005-03-24 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's remarkable economic transition and capacity for dynamic growth has stunned the world. Throughout the period of economic reform, China has been moving towards the creation of a labour market. The scale of this transformation is unprecedented. New economic incentives, vast labour migration, draconian retrenchment of state workers, and sharply rising wage inequality are all characteristic of this unique transition. Drawing on more than a decade of survey-based research, the authors systematically document and analyse this important transformation. They use economic and sociological theory, institutional analysis and political economy to fully explain the causes, pressures, obstacles and consequences of the move towards a labour market in China. It is argued that much progress has been made towards the creation of a labour market but that the process is far from complete.

China's Rural Labor Migration And Its Economic Development

Author : Liu Xiaoguang
Publisher : World Scientific
ISBN 13 : 9811208603
Total Pages : 248 pages
Book Rating : 4.8/5 (112 download)

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Book Synopsis China's Rural Labor Migration And Its Economic Development by : Liu Xiaoguang

Download or read book China's Rural Labor Migration And Its Economic Development written by Liu Xiaoguang and published by World Scientific. This book was released on 2020-04-22 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt:

China 2049

Author : David Dollar
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.

The New Journey of China’s Economic and Social Development

Author : Fuzhan Xie
Publisher : Springer Nature
ISBN 13 : 9811979154
Total Pages : 760 pages
Book Rating : 4.8/5 (119 download)

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Book Synopsis The New Journey of China’s Economic and Social Development by : Fuzhan Xie

Download or read book The New Journey of China’s Economic and Social Development written by Fuzhan Xie and published by Springer Nature. This book was released on 2023-03-12 with total page 760 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims at China's economic and social development, which has embarked on a new journey. It collects more than 20 major research achievements of researchers in relevant fields of the Chinese Academy of Social Sciences. These topics cover rural revitalization and anti-poverty, industrialization and manufacturing transformation, service industry upgrading, fiscal and taxation system and fiscal sustainability, major financial reform, industry and competition policy, ownership structure, new pattern of opening up, digital economy, innovation driven, financial stability, macro-control, new urbanization, regional development, ecological environment, aging population, labor market, income distribution, social governance, people's livelihood, social security, the rule of law, cultural power, and other major issues. This book helps people from all walks of life better understand and grasp the new trends, opportunities, and challenges of China's economic and social development in the future and provides useful reference for thinking about China's medium and long-term development strategy and development path.

Changing Trends in China's Inequality

Author : Terry Sicular
Publisher : Oxford University Press
ISBN 13 : 0190077956
Total Pages : 457 pages
Book Rating : 4.1/5 (9 download)

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Book Synopsis Changing Trends in China's Inequality by : Terry Sicular

Download or read book Changing Trends in China's Inequality written by Terry Sicular and published by Oxford University Press. This book was released on 2020-03-26 with total page 457 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past quarter-century China has seen a dramatic increase in income inequality, prompting a shift in China's development strategy and the adoption of an array of new policies to redistribute income, promote shared growth, and establish a social safety net. Drawing on of household-level data from the China Household Income Project, Changing Trends in China's Inequality provides an independent, comprehensive, and empirically grounded study of the evolution of incomes and inequality in China over time. Edited by leading experts on the Chinese economy, the volume analyzes this evolution in China as a whole as well as in the urban and rural sectors, with close attention to measurement issues and to shifts in the economy, institutions, and public policy. Specific essays provides analyses of China's wealth inequality, the emergence of a new middle class, the income gap between the Han majority and the ethnic minorities, the gender wage gap, and the impacts of government policies such as social welfare programs and the minimum wage.

Boombustology

Author : Vikram Mansharamani
Publisher : John Wiley & Sons
ISBN 13 : 1119575605
Total Pages : 384 pages
Book Rating : 4.1/5 (195 download)

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Book Synopsis Boombustology by : Vikram Mansharamani

Download or read book Boombustology written by Vikram Mansharamani and published by John Wiley & Sons. This book was released on 2019-05-07 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: The new, fully-updated edition of the respected guide to understanding financial extremes, evaluating investment opportunities, and identifying future bubbles Now in its second edition, Boombustology is an authoritative, up-to-date guide on the history of booms, busts, and financial cycles. Engaging and accessible, this popular book helps investors, policymakers, and analysts navigate the radical uncertainty that plagues today’s uncertain investing and economic environment. Author Vikram Mansharamani, an experienced global equity investor and prominent Harvard University lecturer, presents his multi-disciplinary framework for identifying financial bubbles before they burst. Moving beyond the typical view of booms and busts as primarily economic occurrences, this innovative book offers a multidisciplinary approach that utilizes microeconomic, macroeconomic, psychological, political, and biological lenses to spot unsustainable dynamics. It gives the reader insights into the dynamics that cause soaring financial markets to crash. Cases studies range from the 17th Century Dutch tulip mania to the more recent US housing collapse. The numerous cross-currents driving today’s markets—trade wars, inverted yield curves, currency wars, economic slowdowns, dangerous debt dynamics, populism, nationalism, as well as the general uncertainties in the global economy—demand that investors, policymakers, and analysts be on the lookout for a forthcoming recession, market correction, or worse. An essential resource for anyone interested in financial markets, the second edition of Boombustology: Adopts multiple lenses to understand the dynamics of booms, busts, bubbles, manias, crashes Utilizes the common characteristics of past bubbles to assist in identifying future financial extremes Presents a set of practical indicators that point to a financial bubble, enabling readers to gauge the likelihood of an unsustainable boom Offers two new chapters that analyze the long-term prospects for Indian markets and the distortions being caused by the passive investing boom Includes a new foreword by James Grant, legendary editor of Grant's Interest Rate Observer A comprehensive exploration of how bubbles form and why they burst, Boombustology, 2nd Edition is packed with a wealth of new and updated information for individual and institutional investors, academics, students, policymakers, risk-managers, and corporate managers alike.

Forty Years of Renovating the Income Distribution in China

Author : Heng Quan
Publisher : Springer Nature
ISBN 13 : 9813362448
Total Pages : 299 pages
Book Rating : 4.8/5 (133 download)

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Book Synopsis Forty Years of Renovating the Income Distribution in China by : Heng Quan

Download or read book Forty Years of Renovating the Income Distribution in China written by Heng Quan and published by Springer Nature. This book was released on 2021-02-15 with total page 299 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on an attractive theoretical subject as well as a practical issue, which analyses the inner relationship of economic growth and income distribution in China. During the forty years of China’s reform and opening up many influential changes occurred in the structure of the national income distribution, the mechanism of income distribution, and the policies of distributing income with the high-speed development of China. From historical and regional analysis, this book collects a good deal of data and objectively summarizes the practice and experience of renovation of income distribution in China. Based upon the summary and conclusion above, the book paraphrases and creates a conceptual mechanism, a basic theory, and a basic methodology of socialism with Chinese characteristics and discovers the internal rules of the changing relationship between high-speed economic development and income distribution in China to guide and facilitate the further improvement and innovative development of income distribution in China. Furthermore, the book enriches the political economy theory of socialism with Chinese characteristics in the aspect of practical experience, as well as theory.