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Unfinished Reforms In The Chinese Economy
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Book Synopsis Unfinished Reforms in the Chinese Economy by : Jun Zhang
Download or read book Unfinished Reforms in the Chinese Economy written by Jun Zhang and published by World Scientific. This book was released on 2013-05-06 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: China has quickly moved into a critical point in the sense that its past performance in economic growth and development has created so many unsolved problems, and for such problems to be addressed, a better understanding of these problems and a clear policy framework are required for policy makers to conduct reforms. Based on high–level empirical research on China's economic development by each of the contributors, this edited book provides an in-depth and clear analysis of many of important issues facing China's move to new phase of economic development and transformation, and discusses policy issues involved in further reforms. Contents:Reforming SOEs under China's State Capitalism (Julan Du and Yong Wang)Rebalancing China's Economy: Increasing the Role of Interest Rates and RMB Exchange Rates Reform (Qianjin Lu)China's Labour Market, Rural-Urban Migration and Growth Pattern: Future Prospect (Zhao Chen, Shiqing Jiang, Ming Lu and Hiroshi Sato)China's Poverty Reduction via Economic Growth: Looking Back and Forward (Yuan Zhang)Poverty of Chinese Farmers: What Should the Chinese Government Do? (Tangjun Yuan)Rising Inter-industrial Income Inequality in China: Can It Be Narrowed and How? (Zhao Chen, Ming Lu and Guanghua Wan)China's Health Transition and Future Health Care Financing (Jin Feng)Enhancing the Income Distribution Effect of the Social Security System in China: Empirics and Policy Suggestions (Lixin He)The Challenge of Housing Affordability in Urban China (Jie Chen)Intergovernmental Transfer and Regional Balanced Development: New Reform Agenda (Ziying Fan)Redesigning China's Trade Policy in the Post-Crisis Era (Changyuan Luo and Lin Chen)Energy-Saving and Emission-Abating: China's New Development Strategy in 2009–2049 (Shiyi Chen)The Costs and Benefits of Relational Governance and China's Road to Modernity (Yongqin Wang)The Future Trajectory of China's Political Reform: A Property Rights Interpretation (Gary H Jefferson and Jun Zhang) Readership: Academics, professionals and students interested in China's economic development. Keywords:Chinese Economy;Economic Development;Exchange Rate Reforms;Poverty Reduction;Income Inequality;Labor Market;Rural-Urban Migration;Health Care Financing;Housing Affordability;Trade PolicyKey Features:Touches upon the hottest issues facing China's further economic development, with an in-depth and explicit analysisProvides insiders' views and predictions on China's economy by young and well-trained Chinese economistsWith jargon-free language, the book serves as a good reference for both the professional and general public
Book Synopsis China's Unfinished Economic Revolution by : Nicholas R. Lardy
Download or read book China's Unfinished Economic Revolution written by Nicholas R. Lardy and published by Brookings Institution Press. This book was released on 1998-07-01 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's Unfinished Economic Revolution offers a fundamentally different interpretation of China's economic reform. The common view that China's gradualistic approach has served it well overlooks the fact that state-owned banks for the last two decades have channeled a large share of sharply rising household savings into what are mostly unreformed, money-losing companies. The result is that several of China's largest financial institutions now are insolvent. To avoid a major domestic banking crisis the book argues that China must recapitalize and restructure its domestic banking system and end the long-standing practice of making lending decisions based on political rather than economic criteria. Nicholas Lardy explains that this course will inevitably be costly in political terms, in part because it will lead for a time to a slower rate of economic growth. But the alternative is even less attractive—permanently slower growth, continued macroeconomic instability, an inability to meet the expectations of the international community for the opening of its domestic financial markets, and insufficient resources to deal with severe environmental deterioration, growing water shortages, and a rapidly aging population. This timely book also analyzes the new reform initiatives China has launched in the wake of the Asian financial crisis, suggests additional steps that must be taken, and evaluates the implications for U.S. policy.
Download or read book China written by Ross Garnaut and published by ANU E Press. This book was released on 2010-07-01 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: China has made some remarkable achievements during the first three decades of economic reform and opening up, rising to become one of the world's most dynamic and globally-integrated market economies. Yet there remains much unfinished business on the reform and development agenda, coupled with newly emerging challenges. CHINA: THE NEXT TWENTY YEARS OF REFORM AND DEVELOPMENT highlights how the deepening of reforms in critical areas such as domestic factor markets, the exchange rate regime and the health system, combined with the strengthening of channels for effective policy implementation, will enable China to cope with the challenges that lie ahead. These include responding to the pending exhaustion of the unlimited supply of labour; playing a constructive role in reducing global trade imbalances; enhancing firms' ability to innovate; coping with migration, urbanisation and rising inequalities on scales unknown in world history; and dealing with rising energy and metal demand in an era in which low-carbon growth has become a necessity rather than a choice.
Book Synopsis How Far Across the River? by : Nicholas Hope
Download or read book How Far Across the River? written by Nicholas Hope and published by Stanford University Press. This book was released on 2003-08-13 with total page 532 pages. Available in PDF, EPUB and Kindle. Book excerpt: Gradual change has been a hallmark of the Chinese reform experience, and China's success in its sequential approach makes it unique among the former command economies. Since 1979, with the inception of the continuing era of reform, the Chinese economy has flourished. Growth has averaged nine percent a year, and China is now a trillion dollar economy. China has become a major trading power and the predominant target among developing countries for foreign direct investment. Despite all this, China remains poor and the reform process unfinished. This book takes its defining theme from Deng Xiaopeng's famous metaphor for gradual reform: “feeling the stones to cross the river.” How far has China progressed in fording the river? The experts who contributed to this volume tackle many aspects of that question, assessing Chinese progress in policy reform, priorities for further reform, and the research still needed to inform policymakers’ decisions.
Book Synopsis The Chinese Economy in Crisis by : Xiaohu (Shawn) Wang
Download or read book The Chinese Economy in Crisis written by Xiaohu (Shawn) Wang and published by Routledge. This book was released on 2015-04-29 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors of this work argue strongly that the decentralization that has taken place in China over the past two decades threatens to undermine the future of reform and perhaps even the state itself. They contend that reform has undermined state capacity in China, and that the state's fiscal revenues, as a percentage of GNP, have declined and will continue to decline into the foreseeable future, thereby weakening China's ability to mobilize resources for modernization.
Author :Nicholas R. Lardy Publisher :Peterson Institute for International Economics ISBN 13 :0881327387 Total Pages :258 pages Book Rating :4.8/5 (813 download)
Book Synopsis The State Strikes Back by : Nicholas R. Lardy
Download or read book The State Strikes Back written by Nicholas R. Lardy and published by Peterson Institute for International Economics. This book was released on 2019-01-01 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's extraordinarily rapid economic growth since 1978, driven by market-oriented reforms, has set world records and continued unabated, despite predictions of an inevitable slowdown. In The State Strikes Back: The End of Economic Reform in China?, renowned China scholar Nicholas R. Lardy argues that China's future growth prospects could be equally bright but are shadowed by the specter of resurgent state dominance, which has begun to diminish the vital role of the market and private firms in China's economy. Lardy's book arrives in timely fashion as a sequel to his pathbreaking Markets over Mao: The Rise of Private Business in China, published by PIIE in 2014. This book mobilizes new data to trace how President Xi Jinping has consistently championed state-owned or controlled enterprises, encouraging local political leaders and financial institutions to prop up ailing, underperforming companies that are a drag on China's potential. As with his previous book, Lardy's perspective departs from conventional wisdom, especially in its contention that China could achieve a high growth rate for the next two decades—if it reverses course and returns to the path of market-oriented reforms.
Download or read book China’s Economy written by David J. Pyle and published by Springer. This book was released on 2016-07-27 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's dramatic economic transformation can only be understood in relation to her modern history. David Pyle reviews the post-1978 reform process in the context of two centuries of Chinese economic, social and political history. Agricultural, industrial and financial reforms and the attraction of foreign trade and direct investment are analysed in detail. The conclusion compares China's gradualist approach with the 'big bang' of Eastern Europe and the former Soviet Union, examining China's prospects and the lessons to be learnt elswhere.
Book Synopsis China's Post-Reform Economy - Achieving Harmony, Sustaining Growth by : Richard Sanders
Download or read book China's Post-Reform Economy - Achieving Harmony, Sustaining Growth written by Richard Sanders and published by Routledge. This book was released on 2007-12-11 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis China's Reform in Global Perspective by : John Wong
Download or read book China's Reform in Global Perspective written by John Wong and published by World Scientific Publishing Company. This book was released on 2010 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduction : China's reform and opening in a globalized world / John Wong and Bo Zhiyue -- pt. I. China's reform in perspective. 1. China and democracy : Not a contradiction in terms / Zheng Yongnian. 2. China's three-decade reform : An economic perspective / John Wong. 3. Social reforms in the cities : Modernity, time warp, and marketing among disparate urban social strata / Dorothy J. Solinger -- pt. II. China's reform in the East Asian context. 4. The role of Japan in China's three-decade economic reform / Xing Yuqing. 5. Korea's development experiences and China's economic reform / Young-Rok Cheong. 6. Singapore's economic involvement in China's reform / Lye Liang Fook. 7. From outward processing to the closer partnership economic arrangement : The evolving economic relations between Hong Kong and Guangdong / Lim Tin Seng. 8. Local economic transition in China : A perspective on Taiwan investment / Chien Shiuh-Shen and Zhao Litao -- pt. III. China, the former Soviet Union, and the developed world. 9. China's reforms compared to those of Mikhail Gorbachev / Thomas P. Bernstein. 10. China-US economic relations : Cooperative competition / Wang Yong. 11. China and the heterogeneous European welfare state / Roger Greatrex -- pt. IV. Looking to the future. 12. China's unfinished business in economic reform / Wu Yanrui and Bo Zhiyue. 13. Political reform in China : What's next? / Bo Zhiyue
Book Synopsis The China Miracle by : Justin Yifu Lin
Download or read book The China Miracle written by Justin Yifu Lin and published by Chinese University Press. This book was released on 2003 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using a historical, comparative and analytic approach grounded in mainstream economics, the authors develop a consistent and rational framework of state-owned enterprises and individual agents to analyze the internal logic of the traditional Chinese planning system. In this revised edition, the authors update the data and information in the book and include a new chapter on the impact of China's WTO accession on its reform.
Book Synopsis Sustaining China's Economic Growth After the Global Financial Crisis by : Nicholas R. Lardy
Download or read book Sustaining China's Economic Growth After the Global Financial Crisis written by Nicholas R. Lardy and published by Peterson Institute. This book was released on 2012 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis An Essay on Economic Reforms and Social Change in China by : Assar Lindbeck
Download or read book An Essay on Economic Reforms and Social Change in China written by Assar Lindbeck and published by World Bank Publications. This book was released on 2006 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: The author applies a systems-oriented "holistic" approach to China's radical economic reforms during the past quarter of a century. He characterizes China's economic reforms in terms of a multidimensional classification of economic systems. When looking at the economic consequences of China's change of economic system, he deals with both the impressive growth performance and its economic costs. The author also studies the consequences of the economic reforms for the previous social arrangements in the country, which were tied to individual work units-agriculture communes, collective firms, and state-owned enterprises. He continues with the social development during the reform period, reflecting a complex mix of social advances, mainly in terms of poverty reduction, and regresses for large population groups in terms of income security and human services, such as education and, in particular, health care. Next, the author discusses China's future policy options in the social field, whereby he draws heavily on relevant experiences in industrial countries over the years. The future options are classified into three broad categories: policies influencing the level and distribution of factor income, income transfers including social insurance, and the provision of human services.
Book Synopsis The China Boom and Its Discontents by : Ross Garnaut
Download or read book The China Boom and Its Discontents written by Ross Garnaut and published by ANU E Press. This book was released on 2005-10-01 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: China is shaping the global economy as never before. An insatiable demand for commodities, energy resources and capital, and deepening integration to the world economy has won China acclaim. Yet 25 years of rapid industrial development, far-reaching economic reforms and increasing international competition have also created an array of challenging domestic policy demands. The China Boom and its Discontents discusses the financial and social challenges that have emerged in the wake of rapid economic growth. Recent research on demographic trends, labour movements, financial development, social security, urbanisation and trade agreements highlight the unfinished progress of reforms in China.
Book Synopsis The Logic of Economic Reform in China by : Xiaojing Zhang
Download or read book The Logic of Economic Reform in China written by Xiaojing Zhang and published by Springer. This book was released on 2015-11-19 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a historical overview of Chinese economic reform over the past 30 years. From the genesis of the reform to the gradual improvement of the market system, and then to the re-start of the critical stage of the reform, this book includes not only research on the reform process, but also detailed descriptions of the key areas of reform since the Third Plenary Session of the 18th CPC Central Committee. On this basis, the author develops six logics for Chinese economic reform. Firstly, reform is cyclical, moving between rapid advances and deadlock; this calls upon us to re-examine the common view of reform. Secondly, reform is systematic; it cannot succeed without supporting reforms in other fields. Thirdly, the relationship between reform, development and stability should be properly handled. This “trinity” is quite different from the perspective of western mainstream theory, which puts too much emphasis on efficiency. Fourthly, the success of Chinese reform was not achieved by chance. The reform practice is based on the theoretical logic, and also goes beyond the debate between progressive and radical modes. Fifthly, the Top-level Design should be combined with “crossing the river by moving from stone to stone,” i.e., the theoretical basis of reform should be combined with reform practice. Sixthly and lastly, the ongoing reform in China must be understood in the contexts of global competition and reform competition.
Book Synopsis To Get Rich Is Glorious by : Jacques deLisle
Download or read book To Get Rich Is Glorious written by Jacques deLisle and published by . This book was released on 2019 with total page 365 pages. Available in PDF, EPUB and Kindle. Book excerpt: Assessing prospects as China's reform enters middle age In 1978, China's Deng Xiaoping launched the economic reforms that have resulted in one of history's most dramatic and profound national transformations. The reforms, which have evolved and expanded during the ensuing four decades, removed institutional and policy obstacles to economic growth, tapped China's immense reserves of labor and entrepreneurial talent, and opened the country to foreign capital and investment. China has developed a more high-tech and service-based economy--currently the world's second-largest--and it now sends companies and capital abroad in keeping with its new status as a leading force in international trade and investment. But China also faces daunting challenges in sustaining growth, continuing the unfinished agenda of economic transformation, addressing the adverse consequences of economic success, and dealing with mounting pressure and suspicion from the United States and other long-standing trade and investment partners. China also confronts uncertainties and risks stemming from the project to expand its influence across the globe, the so-called Belt and Road Initiative. In all these matters, China's current leader, Xi Jinping, seems determined to make his own lasting mark on the country and on the country's effort to become a leading global power. In this book, leading experts offer insights into the many difficult issues China now faces, including development of its rural economy, urban industrial policy, public finance, and international trade and investment. The authors--drawing on perspectives from economics, political science, and policy analysis--provide historical context, drawing lessons from four decades of reform in China, and they analyze the difficulties for China's economy as the reform era moves into its fifth decade. Readers looking for a comprehensive assessment of where China's economy stands today, and its future prospects will find it in this book.
Download or read book China written by Ross Garnaut and published by ANU E Press. This book was released on 2012-12-01 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt: Twenty-five years of reform have transformed China from a centrally planned and closed system to a predominantly market-driven and open economy. As a consequence, China is emerging as the new powerhouse for the world economy. China: new engine for world growth discusses the impact and significance of this transformation. It points out risks to the growth process and unfinished tasks of reform. It presents conclusions from recent research on growth, trade and investment, the financial sector, income and regional disparities, industrial location and private sector development.
Book Synopsis Economic Lessons from China’s Forty Years of Reform and Opening-up by : David Daokui Li
Download or read book Economic Lessons from China’s Forty Years of Reform and Opening-up written by David Daokui Li and published by Springer Nature. This book was released on 2021-03-26 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book first shows that the past 40 years of China's economic reform and opening up represents the greatest magnitude of economic growth in history. Based on field trips, extensive and intensive interviews and literature surveys, this book argues that there are five general lessons for a rapid growing economy from China's economic reform and opening up, all in the area of the relationship between the government and the economy. First, the local governments need to be incentivized to help rapid entry and development of enterprises. Second, local governments need to be incentivized to help rapid land conversion from agricultural to non-agricultural. Third, financial deepening is vital; that is, inducing households to hold more and more financial assets in local currency. Financial deepening is essential to convert savings into investments. This requires financial stability, which is crucial. Fourth, the learning through opening up is the key to endogenous economic growth. The fundamental benefit of opening up is learning rather than enjoying comparative advantage. The fifth and final lesson from China is that the central government must proactively manage the macroeconomy. The rationale is that enterprises compete with each other in games of industrial organization. In order to resolve this problem, proactive measures including market-oriented means, administrative orders and reform measures should be implemented. Overall, the main lesson from China's past 40 years of reform and opening up is that proper incentives and behavior of the government, local and central, are important for economic growth. China has been conducting reforms in this regard and as a result, the government more or less has been playing the role of a "helping hand" regarding economic growth, although China's economic system is far from perfect and many reforms are still needed.
