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Industrial Overcapacity And Duplicate Construction In China Reasons And Solutions
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Book Synopsis Industrial Overcapacity And Duplicate Construction In China: Reasons And Solutions by : Li Ping
Download or read book Industrial Overcapacity And Duplicate Construction In China: Reasons And Solutions written by Li Ping and published by World Scientific. This book was released on 2019-05-03 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 2012, industrial overcapacity has become an increasingly serious problem in China, against the backdrop of domestic economic slowdown and continued downturn in international markets. Overcapacity is widespread in the traditional manufacturing sector, particularly in iron and steel, cement, electrolytic aluminium, flat glass, and ship-building industries. It is also grave in emerging industries such as polysilicon, solar cells, and wind power equipment.This book provides an overview on the overcapacity problem facing China and examines the main characteristics of overcapacity in some important industries. The book identifies two types of overcapacity: one is excess capacity that results from natural supply-demand dynamics or cyclical economic fluctuations under a relatively sound market system; the other is overcapacity caused by the overinvestment of enterprises under a flawed economic system. It probes into how overcapacity is caused and finds two contributors — change of growth model and institutional flaws. It explores to establish a long-term mechanism for solving the problem. The book concludes that China should establish a long-term mechanism to prevent and resolve overcapacity, and to establish healthy relationship between the market and the government.
Book Synopsis China's Industrial Policy Transformation: Theory And Practice by : Hanquan Huang
Download or read book China's Industrial Policy Transformation: Theory And Practice written by Hanquan Huang and published by World Scientific. This book was released on 2021-03-12 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: The debate on industrial policy has been in full swing among the academic circles in recent years. The crux of this debate is not whether China needs industrial policies, but rather, the kind of industrial policies it wants. Given the profound changes to the domestic and international environments, and institutional background during China's industrial development, industrial policies must be able to make up for 'market failures,' while avoiding 'government failures'. To this end, it is suggested to establish a 'market-friendly' industrial policy system dominated by functional industrial policies, in accordance with the requirements of building an 'interactive and cooperative' government-market relationship to help transform and upgrade China's industries.
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.
Book Synopsis Researchonefficiencyandfairnessofresourcesallocationbychina'sgovernmentaladministration by : Sheng Hong
Download or read book Researchonefficiencyandfairnessofresourcesallocationbychina'sgovernmentaladministration written by Sheng Hong and published by World Scientific. This book was released on 2019-06-13 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: In China, the government controls a large part of resources, such as land, energy, bank savings, and so on. This book studies the efficiency and fairness of resources allocation by governmental administration in China. The book states that it is neither fair nor efficient to allocate resources by the governmental administrations. These resources should be allocated by the market.The book analyzes the resources allocation by government administration in three key areas namely education, health care, and land. A quantitive analysis is developed for describing more precisely the situation of unfairness in fiscal resources allocation. This book also describes how ordinary people address the misposition of resources by governmental administrations by migrating from the provinces with less resources to the provinces with more resources in education or health care. Thus, the book concludes that the actual allocation of resources is determined by the interactions between ordinary people and the government.
Book Synopsis Transformation Of China's Economic Development, The: Perspectives Of Sino-us Economists by : Wandong Yang
Download or read book Transformation Of China's Economic Development, The: Perspectives Of Sino-us Economists written by Wandong Yang and published by World Scientific. This book was released on 2019-12-04 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the economic, cultural and structural factors affecting China's economic growth, and expounds why China's economy has been so successful in the past, and the challenges that lie ahead for the country amidst the changing world, new challenges and uncertainties. The authors lay out their thoughts persuasively and powerfully, advocating changes that should be implemented in order to achieve a successful economic transformation of China's economy. Through an exchange of ideas among the four Chinese authors, each of whom hail from different backgrounds, practical solutions are presented in the book.
Book Synopsis China's Economic Development Strategies: Transformation And Innovation by : Rui Liu
Download or read book China's Economic Development Strategies: Transformation And Innovation written by Rui Liu and published by World Scientific. This book was released on 2020-04-28 with total page 347 pages. Available in PDF, EPUB and Kindle. Book excerpt: China is a powerful engine of the global economy and the country's rise is undoubtedly the outcome of its protracted campaign of designing and implementing national development strategies since the founding of the People's Republic of China in 1949. This book reviews the transformation and innovation of China's economic development strategies, especially Deng Xiaoping's Three-Step strategy and Xi Jinping's internal and external strategies. By introducing the concept of strategic paradigm, it analyzes the theoretical basis of myriads of economic development strategies and predicts China's choice. With the evolutionary process and the outstanding problems in national development planning as the main thread, it discusses the improvement of the national planning system, specifically of the national overall planning system, the regional planning system, the interplay and conflict between regional planning. It also studies the reform of city-county planning system, major function-oriented zones (MFOZs) and planning legislation and institutionalization. It also attempts to put forward proposals to coordinate the interests of planning departments and make different types of planning at different administrative levels compatible.
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:
Book Synopsis Environmental Economics Research And China's Green Development Strategy by : Youguo Zhang
Download or read book Environmental Economics Research And China's Green Development Strategy written by Youguo Zhang and published by World Scientific. This book was released on 2020-02-20 with total page 441 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses several important issues in the practice of China's green development. It analyzes the carbon mitigation, water conservation and environmental pollution from the perspectives of economic development, technological change, production and demand. The book uses various quantitative methods to reveal the pathways of China's green development. The methods include Log Mean Divisia Index, input-output analysis, structural decomposition analysis, data envelope analysis, econometric methods and computable general equilibrium model. The findings, discussions and policy implications of this book contribute to the theory and policy studies in China's green development.
Book Synopsis Great Transformation, The: Supply-side Structural Reform by : Xiaohe Ma
Download or read book Great Transformation, The: Supply-side Structural Reform written by Xiaohe Ma and published by World Scientific. This book was released on 2020-07-17 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, the 'supply-side structural reform' has become a popular term in all regions and fields in China. The supply-side structural reform is the key component of the Chinese government's economic policy framework during the '13th Five-Year Plan' period. It is crucial in both theory and practice, to have an accurate understanding of its background, content, essential features, principles, and goals.The theme of the book revolves around the supply-side structural reform and analyses the concept from different perspectives, such as the basic theories and institutional framework, the fiscal taxation system, the financial system reform, and the innovation system. It attempts to address questions such as: how to understand the supply side and the demand side; why the supply-side structural reform is currently proposed; how to implement the reform; what are the changes brought about by the reform; what factors should be taken into consideration in its implementation; what are the policies to be developed in the process, etc.
Book Synopsis China's Path of Industrialization by : Bei Jin
Download or read book China's Path of Industrialization written by Bei Jin and published by Springer Nature. This book was released on 2020-01-23 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reviews China’s industrialization from the perspective of inclusiveness, and discusses the challenges arising from its industrialization process and how the Chinese people view and seek to overcome these challenges. By examining China’s industrialization in the context of the global economy, it reveals how China should be further integrated into and contribute to the great endeavor of worldwide industrialization and human development in the new era of economic globalization, allowing it to become a responsible stakeholder through its national rejuvenation for the benefit of the entire world.
Book Synopsis Problems of Industrial Development in China by : Harold Monk Vinacke
Download or read book Problems of Industrial Development in China written by Harold Monk Vinacke and published by . This book was released on 1926 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis People's Republic of China by : Frank N. Pieke
Download or read book People's Republic of China written by Frank N. Pieke and published by Ashgate Publishing. This book was released on 2002 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: This two volume set collects in a conveniently accessible form the most influential articles by leading authorities in the study of China. It provides an international reference work, combined with an authoritative introduction by the editor.
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.
Book Synopsis The Rise of China's Industrial Policy, 1978 To 2020 by : Barry Naughton
Download or read book The Rise of China's Industrial Policy, 1978 To 2020 written by Barry Naughton and published by . This book was released on 2021-04-15 with total page 139 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Road Map of China's Steel Industry by : Xinchuang Li
Download or read book The Road Map of China's Steel Industry written by Xinchuang Li and published by Springer Nature. This book was released on 2020-07-03 with total page 501 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the principles of supply-side structural reform and current practices in the Chinese steel industry. Focusing on the general requirements for high-quality development, it reviews the evolution of the global and Chinese steel industries with regard to reduction, innovation, and transformation. It also summarizes industrial development law from a transfer route perspective, analyzes major challenges and opportunities for the steel industry in the new era, and proposes strategic orientation and implementation measures for the future development of the steel industry. The book contends that high-quality development of the steel industry must be driven by innovation, and it is essential to promote integrated development based on several aspects – greenness, coordination, quality, standardization, differentiation, service, intelligence, diversification, and internationalization – in order to reshape the industrial value chain and continuously improve industrial competitiveness. This concept is essential to help Chinese steel companies prepare development plans for transformation and upgrading. Combining thorough analysis, unique insights, and many practical cases, the book offers a guide to and inspiration for future implementation approaches.
Book Synopsis China: Surpassing the “Middle Income Trap” by : Shaojie Zhou
Download or read book China: Surpassing the “Middle Income Trap” written by Shaojie Zhou and published by Palgrave Macmillan. This book was released on 2020-10-06 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book explores one of the most fiercely debated issues in China: if and how China will surpass the middle income trap that has plagued many developing countries for years. This book gives readers a clear picture of China today and acts as a reference for other developing countries. China is facing many setbacks and experiencing an economic slowdown in recent years due to some serious issues, and income inequality is one such issue deferring China’s development potential by creating a middle income trap. This book thoroughly investigates both the unpromising factors and favorable conditions for China to overcome the trap. It illustrates that traps may be encountered at any stage of development and argues that political stability is the prerequisite to creating a favorable environment for economic development and addressing this “middle income trap”. Written by one of China's central planners, this book offers precious insights into the industrial policies that are transforming China and the world and will be of interest to China scholars, economists and political scientists.
Author :Congressional Research Service Publisher :Createspace Independent Publishing Platform ISBN 13 :9781976466953 Total Pages :52 pages Book Rating :4.4/5 (669 download)
Book Synopsis China's Economic Rise by : Congressional Research Service
Download or read book China's Economic Rise written by Congressional Research Service and published by Createspace Independent Publishing Platform. This book was released on 2017-09-17 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prior to the initiation of economic reforms and trade liberalization 36 years ago, China maintained policies that kept the economy very poor, stagnant, centrally-controlled, vastly inefficient, and relatively isolated from the global economy. Since opening up to foreign trade and investment and implementing free market reforms in 1979, China has been among the world's fastest-growing economies, with real annual gross domestic product (GDP) growth averaging nearly 10% through 2016. In recent years, China has emerged as a major global economic power. It is now the world's largest economy (on a purchasing power parity basis), manufacturer, merchandise trader, and holder of foreign exchange reserves.The global economic crisis that began in 2008 greatly affected China's economy. China's exports, imports, and foreign direct investment (FDI) inflows declined, GDP growth slowed, and millions of Chinese workers reportedly lost their jobs. The Chinese government responded by implementing a $586 billion economic stimulus package and loosening monetary policies to increase bank lending. Such policies enabled China to effectively weather the effects of the sharp global fall in demand for Chinese products, but may have contributed to overcapacity in several industries and increased debt by Chinese firms and local government. China's economy has slowed in recent years. Real GDP growth has slowed in each of the past six years, dropping from 10.6% in 2010 to 6.7% in 2016, and is projected to slow to 5.7% by 2022.The Chinese government has attempted to steer the economy to a "new normal" of slower, but more stable and sustainable, economic growth. Yet, concerns have deepened in recent years over the health of the Chinese economy. On August 11, 2015, the Chinese government announced that the daily reference rate of the renminbi (RMB) would become more "market-oriented." Over the next three days, the RMB depreciated against the dollar and led to charges that China's goal was to boost exports to help stimulate the economy (which some suspect is in worse shape than indicated by official Chinese economic statistics). Concerns over the state of the Chinese economy appear to have often contributed to volatility in global stock indexes in recent years.The ability of China to maintain a rapidly growing economy in the long run will likely depend largely on the ability of the Chinese government to implement comprehensive economic reforms that more quickly hasten China's transition to a free market economy; rebalance the Chinese economy by making consumer demand, rather than exporting and fixed investment, the main engine of economic growth; boost productivity and innovation; address growing income disparities; and enhance environmental protection. The Chinese government has acknowledged that its current economic growth model needs to be altered and has announced several initiatives to address various economic challenges. In November 2013, the Communist Party of China held the Third Plenum of its 18th Party Congress, which outlined a number of broad policy reforms to boost competition and economic efficiency. For example, the communique stated that the market would now play a "decisive" role in allocating resources in the economy. At the same time, however, the communique emphasized the continued important role of the state sector in China's economy. In addition, many foreign firms have complained that the business climate in China has worsened in recent years. Thus, it remains unclear how committed the Chinese government is to implementing new comprehensive economic reforms.China's economic rise has significant implications for the United States and hence is of major interest to Congress. This report provides background on China's economic rise; describes its current economic structure; identifies the challenges China faces to maintain economic growth; and discusses the challenges, opportunities, and implications of China's economic rise.
