Keep Reforming Chinas Strategic Economic Transformation

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Keep Reforming: China’s Strategic Economic Transformation

Author : Zhong Xu
Publisher : Springer Nature
ISBN 13 : 9811580065
Total Pages : 272 pages
Book Rating : 4.8/5 (115 download)

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Book Synopsis Keep Reforming: China’s Strategic Economic Transformation by : Zhong Xu

Download or read book Keep Reforming: China’s Strategic Economic Transformation written by Zhong Xu and published by Springer Nature. This book was released on 2020-10-21 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is about China’s economy transformation. Currently, China’s macro-leverage ratio has been effectively controlled, the central market interest rate (one year fixed interest rate) has gone down, and liquidity is now relatively abundant. However, financial institutions are generally reluctant to lend, the local governments are unwilling to act, and the fact that liquidity released by the central bank cannot be effectively transmitted to the real economy is leading to a contraction of credit and higher financing costs for private enterprises. Meanwhile, the downturn in the internal economic cycle has been exacerbated by the external shocks caused by frictions in Sino-US trade, and this set of circumstances has contributed to the polarization of expectations regarding China's real economic prospects and policy trends, as seen, for example, in the questions and discussions about policy trends relevant to the private economy. Indeed, one might claim that the current confusion of expectations even exceeds that of 2008, when the international financial crisis breaks out. From a dialectical perspective, the more pessimistic expectation of economic trend, the easier it is to build consensus on reform, and the more remarkable actual effects of reform, which must be based on a comprehensive understanding of the phased characteristics of China’s economic development. In this book, based on the experience working in central bank of China, the author argues that China’s policy should focus on internal demand. In the coming period, China needs to persevere in the market orientation, step up reform and opening up, and create a favorable business environment. This book represents the following opinions: First, to reach a common understanding of the medium and high economic growth, and avoid the dream of high growth. Second, to stick to supply-side structural reform, accelerate economic transformation and structural adjustment, and further unleash the reform dividends and growth potential. The long-term and structural problems cannot be attributed to short-term and cyclical problems. Third, the challenges of external shocks could be also regarded as opportunities, which include but not limited to accelerate reform to improve property rights protection, state-owned capital management, corporate governance, income distribution, and social security. Fourth, whenever the trade friction happens, a multilateral framework is always helpful.

The China Miracle

Author : Justin Yifu Lin
Publisher : The Chinese University of Hong Kong Press
ISBN 13 : 9882378781
Total Pages : 432 pages
Book Rating : 4.8/5 (823 download)

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Book Synopsis The China Miracle by : Justin Yifu Lin

Download or read book The China Miracle written by Justin Yifu Lin and published by The Chinese University of Hong Kong Press. This book was released on 2004-03-15 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: The tremendous success of China's economic reform, in contrast with the vast difficulties encountered by the former Soviet Union and Eastern European countries in their transition, has attracted worldwide attention. 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 planning system. They also explain why the Chinese economy grew slowly before the market-oriented reform in 1979 but became one of the fastest growing economies afterwards, and why the vigour/chaos cycle became part of China's reform process. The book also addresses to the questions that whether China can continue its trend of reform and development and become the largest economy in the world in the early 21st century, and what the general implications of China's experience of development and reform are for other developing and transition economies. The first edition has been well-received and is the standard textbook or reference for students and researchers of China studies. In this thoroughly revised edition, the authors have updated the data and information in the book and include a new chapter on the impact of China's WTO accession on its economic reforms and causes of the current deflation.

How China Escaped Shock Therapy

Author : Isabella M. Weber
Publisher : Routledge
ISBN 13 : 042995395X
Total Pages : 256 pages
Book Rating : 4.4/5 (299 download)

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Book Synopsis How China Escaped Shock Therapy by : Isabella M. Weber

Download or read book How China Escaped Shock Therapy written by Isabella M. Weber and published by Routledge. This book was released on 2021-05-26 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: China has become deeply integrated into the world economy. Yet, gradual marketization has facilitated the country’s rise without leading to its wholesale assimilation to global neoliberalism. This book uncovers the fierce contest about economic reforms that shaped China’s path. In the first post-Mao decade, China’s reformers were sharply divided. They agreed that China had to reform its economic system and move toward more marketization—but struggled over how to go about it. Should China destroy the core of the socialist system through shock therapy, or should it use the institutions of the planned economy as market creators? With hindsight, the historical record proves the high stakes behind the question: China embarked on an economic expansion commonly described as unprecedented in scope and pace, whereas Russia’s economy collapsed under shock therapy. Based on extensive research, including interviews with key Chinese and international participants and World Bank officials as well as insights gleaned from unpublished documents, the book charts the debate that ultimately enabled China to follow a path to gradual reindustrialization. Beyond shedding light on the crossroads of the 1980s, it reveals the intellectual foundations of state-market relations in reform-era China through a longue durée lens. Overall, the book delivers an original perspective on China’s economic model and its continuing contestations from within and from without.

The China Miracle

Author : Justin Yifu Lin
Publisher : Chinese University Press
ISBN 13 : 9789622019850
Total Pages : 436 pages
Book Rating : 4.0/5 (198 download)

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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.

China

Author : Ross Garnaut
Publisher : ANU E Press
ISBN 13 : 1921666293
Total Pages : 424 pages
Book Rating : 4.9/5 (216 download)

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Book Synopsis China by : Ross Garnaut

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.

China

Author : Ross Garnaut
Publisher :
ISBN 13 : 9781922144454
Total Pages : 240 pages
Book Rating : 4.1/5 (444 download)

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Book Synopsis China by : Ross Garnaut

Download or read book China written by Ross Garnaut and published by . This book was released on 2012 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nine papers by various authors discussing aspects of economic reform in China over a 20 year period.

China's Three Decades of Economic Reforms

Author : Xiaohui Liu
Publisher : Routledge
ISBN 13 : 1135256780
Total Pages : 320 pages
Book Rating : 4.1/5 (352 download)

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Book Synopsis China's Three Decades of Economic Reforms by : Xiaohui Liu

Download or read book China's Three Decades of Economic Reforms written by Xiaohui Liu and published by Routledge. This book was released on 2009-09-10 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's economy continues to grow rapidly, with important consequences for its own society and environment, as well as for the wider world economy. This book provides much-needed insight, using the latest research findings, into China’s successful reform experience and its challenges over three decades.

China’s 40 Years of Reform and Development: 1978–2018

Author : Ross Garnaut
Publisher : ANU Press
ISBN 13 : 176046225X
Total Pages : 709 pages
Book Rating : 4.7/5 (64 download)

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Book Synopsis China’s 40 Years of Reform and Development: 1978–2018 by : Ross Garnaut

Download or read book China’s 40 Years of Reform and Development: 1978–2018 written by Ross Garnaut and published by ANU Press. This book was released on 2018-07-19 with total page 709 pages. Available in PDF, EPUB and Kindle. Book excerpt: The year 2018 marks 40 years of reform and development in China (1978–2018). This commemorative book assembles some of the world’s most prominent scholars on the Chinese economy to reflect on what has been achieved as a result of the economic reform programs, and to draw out the key lessons that have been learned by the model of growth and development in China over the preceding four decades. This book explores what has happened in the transformation of the Chinese economy in the past 40 years for China itself, as well as for the rest of the world, and discusses the implications of what will happen next in the context of China’s new reform agenda. Focusing on the long-term development strategy amid various old and new challenges that face the economy, this book sets the scene for what the world can expect in China’s fifth decade of reform and development. A key feature of this book is its comprehensive coverage of the key issues involved in China’s economic reform and development. Included are discussions of China’s 40 years of reform and development in a global perspective; the political economy of economic transformation; the progress of marketisation and changes in market-compatible institutions; the reform program for state-owned enterprises; the financial sector and fiscal system reform, and its foreign exchange system reform; the progress and challenges in economic rebalancing; and the continuing process of China’s global integration. This book further documents and analyses the development experiences including China’s large scale of migration and urbanisation, the demographic structural changes, the private sector development, income distribution, land reform and regional development, agricultural development, and energy and climate change policies.

The Political Logic of Economic Reform in China

Author : Susan L. Shirk
Publisher : Univ of California Press
ISBN 13 : 0520912217
Total Pages : 411 pages
Book Rating : 4.5/5 (29 download)

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Book Synopsis The Political Logic of Economic Reform in China by : Susan L. Shirk

Download or read book The Political Logic of Economic Reform in China written by Susan L. Shirk and published by Univ of California Press. This book was released on 2023-04-28 with total page 411 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the past decade, China was able to carry out economic reform without political reform, while the Soviet Union attempted the opposite strategy. How did China succeed at economic market reform without changing communist rule? Susan Shirk shows that Chinese communist political institutions are more flexible and less centralized than their Soviet counterparts were. Shirk pioneers a rational choice institutional approach to analyze policy-making in a non-democratic authoritarian country and to explain the history of Chinese market reforms from 1979 to the present. Drawing on extensive interviews with high-level Chinese officials, she pieces together detailed histories of economic reform policy decisions and shows how the political logic of Chinese communist institutions shaped those decisions. Combining theoretical ambition with the flavor of on-the-ground policy-making in Beijing, this book is a major contribution to the study of reform in China and other communist countries.

To Get Rich Is Glorious

Author : Jacques deLisle
Publisher : Brookings Institution Press
ISBN 13 : 0815737262
Total Pages : 290 pages
Book Rating : 4.8/5 (157 download)

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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 Brookings Institution Press. This book was released on 2019-09-24 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: " In 1978, China launched economic reforms that have resulted in one of history’s most dramatic national transformations. The reforms removed bureaucratic obstacles to economic growth and tapped China’s immense reserves of labor and entrepreneurial talent to unleash unparalleled economic growth in the country. In the four decades since, China has become the world’s second-largest economy after the United States, and a leading force in international trade and investment. As the contributors to this volume show, China also faces daunting challenges in sustaining growth, continuing its economic ransformation, addressing the adverse consequences of economic success, and dealing with mounting suspicion from the United States and other trade and investment partners. China also confronts risks stemming from the project to expand its influence across the globe through infrastructure investments and other projects under the Belt and Road Initiative. At the same time, China’s current leader, Xi Jinping, appears determined to make his own lasting mark on the country and on China’s use of its economic clout to shape the world around it. "

Economic Lessons from China’s Forty Years of Reform and Opening-up

Author : David Daokui Li
Publisher : Springer Nature
ISBN 13 : 9813345209
Total Pages : 256 pages
Book Rating : 4.8/5 (133 download)

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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.

Understanding and Interpreting Chinese Economic Reform

Author : Jinglian Wu
Publisher : Texere
ISBN 13 :
Total Pages : 486 pages
Book Rating : 4.:/5 (321 download)

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Book Synopsis Understanding and Interpreting Chinese Economic Reform by : Jinglian Wu

Download or read book Understanding and Interpreting Chinese Economic Reform written by Jinglian Wu and published by Texere. This book was released on 2005 with total page 486 pages. Available in PDF, EPUB and Kindle. Book excerpt: Leading Chinese economist Jinglian Wu provides an insightful and comprehensive examination of China's strategy and implementation of its economic reform.

Studies on Economic Reforms and Development in China

Author : Siwei Cheng
Publisher : Oxford University Press, USA
ISBN 13 :
Total Pages : 372 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Studies on Economic Reforms and Development in China by : Siwei Cheng

Download or read book Studies on Economic Reforms and Development in China written by Siwei Cheng and published by Oxford University Press, USA. This book was released on 2001 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Studies in Economic Reform renowned and influential Chinese scholar and politician Siwei Cheng outlines his theories for bringing economic reform to China in the context of the increasingly global economy.

Whither China?

Author : Wu Jinglian
Publisher : Oxford University Press
ISBN 13 : 0190223162
Total Pages : 320 pages
Book Rating : 4.1/5 (92 download)

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Book Synopsis Whither China? by : Wu Jinglian

Download or read book Whither China? written by Wu Jinglian and published by Oxford University Press. This book was released on 2016-03-30 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: How has China been able to maintain high-speed economic growth during the last thirty-plus years and successfully transform itself from a poor, backward, and developing country to become the world's second-largest economy? What are the challenges that China faces today and how will she deal with them in order to continue moving toward a truly prosperous and modern society? Standing at a crossroads today, what future direction should China choose: a free market economy or state capitalism? In a series of penetrating dialogues, Wu Jinglian, China's most celebrated and influential economist, and Ma Guochuan, chief commentator of Caijing Magazine, attempt to address the following question: "Where is China going?" This volume offers critical insights into the historical evolution of China's ongoing economic and social transformation. Strongly reflecting Professor Wu's views on the future prospects of the economic reforms, the book provides readers with a deep and lucid understanding of the social and economic issues now confronting China, analyzes their underlying causes, and examines the serious challenges to implementing further reforms. Professor Wu argues that the only way to escape the various social ills in China today is to restart the economic and political reforms, which began thirty years ago but have slowed down during the recent decade, and to move China in the direction of a market economy, the rule of law, and democracy.

The Logic of Economic Reform in China

Author : Xiaojing Zhang
Publisher : Springer
ISBN 13 : 3662474042
Total Pages : 214 pages
Book Rating : 4.6/5 (624 download)

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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.

China's Economic Reform

Author : Robert Ash
Publisher : Routledge
ISBN 13 : 1134547072
Total Pages : 417 pages
Book Rating : 4.1/5 (345 download)

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Book Synopsis China's Economic Reform by : Robert Ash

Download or read book China's Economic Reform written by Robert Ash and published by Routledge. This book was released on 2013-10-18 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a collection and analysis of original policy documents, newly translated into English, from a key period of Chinese development, providing both a current and a retrospective analysis of China's economic reform efforts. Topics dealt with include the evolution of Chinese economic strategy; economic planning and the spread of market mechanisms; technology transfer in industry; evolution of an agricultural system; the development of population policy; and foreign economic relations. The collection will be of great interest not only to scholars and students of Chinese studies, but also to professionals and social scientists concerned with China but unable to read source documents in Chinese.

China's Third Economic Transformation

Author : Ross Garnaut
Publisher : Routledge
ISBN 13 : 1134392117
Total Pages : 278 pages
Book Rating : 4.1/5 (343 download)

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Book Synopsis China's Third Economic Transformation by : Ross Garnaut

Download or read book China's Third Economic Transformation written by Ross Garnaut and published by Routledge. This book was released on 2004-08-02 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Chinese economy is currently undergoing an institutional transformation as profound as the replacement of the people's communes with the household responsibility system in the early 1980s and the emergence of township and village enterprises as the main locus of economic dynamism in the second half of the 1980s. This third dramatic transformation is the emergence of the private sector as the main source of the country's economic growth. This book discusses the key issues in private sector development in China and includes: An overview of the development of private enterprises in China Analysis of the development and emerging paths toward private enterprise Examination of the business environment in which private enterprises operate How the legal environment has changed through economic reform Managerial capabilities and state-business interactions Suggestions of policy recommendations Perhaps controversially, the contributors suggest that private sector development is necessary to maintain the dynamism of the Chinese economy and create greater employment opportunities. China's Third Economic Transformation will appeal to scholars of Asian Economics and business who are interested in the rapid growth of the private sector in China.