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Author: United States. Congress. House. Committee on Banking and Financial Services
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 140
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Book Description
Author: United States. Congress. House. Committee on Banking and Financial Services
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 140
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Book Description
Author: Y.Y. Kueh
Publisher: Hong Kong University Press
ISBN: 9888083821
Category : Political Science
Languages : en
Pages : 462
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Book Description
The book confronts the popular conjecture of a Pax Sinica emerging to replace Pax Americana in the wake of global financial crisis. It argues that by virtue of its overwhelming economic, technological and military clout, US hegemony will continue to prevail, though increasingly less coherently, as China's ascendance as a global power accelerates. The argument is underpinned with analysis of different junctures in China's trajectory towards the status of economic giant, from the tacit creation of the "Greater China" growth triangle and ordeal of the Asian Financial Crisis, through the breakthrough with China’s membership in the WTO and the subsequent large-scale realignment of productive forces in the Asia Pacific region. A chronological approach is combined with topical analysis, focusing in particular on the interplay between economic imperatives and geopolitical dynamics. Taken together, the book provides a highly refreshing and coherent perspective for looking at China arising as a dominant Asia-Pacific power with significant global implications. As an interdisciplinary study it will appeal to scholars and academics, as well as businessmen and government policy-makers interested in Asian and global affairs; and especially to students of economics, politics, international business and globalization studies. Y. Y. Kueh is a Hong Kong-based China expert. He taught at The Chinese University of Hong Kong for over two decades; served as Founding Director of Centre for Chinese Political Economy at Macquarie University, Sydney; and retired from Lingnan University, Hong Kong, as Chair Professor of Economics and Dean of Social Science. Currently, he is Senior College Tutor (Honorary), New Asia College, The Chinese University of Hong Kong.
Author: Yongnian Zheng
Publisher: World Scientific
ISBN: 9814287717
Category : Business & Economics
Languages : en
Pages : 309
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Book Description
1. China's economy 2008 and outlook for 2009 : crisis of a sharp slowdown / John Wong -- 2. Recession averted? China's domestic response to the global financial crisis / Yang Mu and Lim Tin Seng -- 3. China's decisive response to the economic crisis bears fruits / Sarah Y. Tong -- 4. Pearl River Delta in a crisis of industrialisation / Huang Yanjie and Chen Shaofeng -- 5. Impact of the global economic crisis on the Pearl River Delta and Yangtze River Delta regions / Yu Hong -- 6. Taiwan's economy in the financial crisis and its outlook / Zhao Hong -- 7. Hong Kong's economy on the road to recovery? / Zhang Yang -- 8. Financial crisis offers respite for the Macao economy / Zhang Yang and Fung Kwan -- 9. China's trade prospects and China-ASEAN trade relations / Sarah Y. Tong and Chong Siew Keng -- 10. Sino-South Korean bilateral trade in the current economic crisis / Zhou Shengqi -- 11. Ascendance of China's new left amidst the global ginancial crisis / Bo Zhiyue and Chen Gang -- 12. Will social stability in China be undermined in the financial crisis? / Zhao Litao and Huang Yanjie -- 13. The international financial crisis and China's external response / Zheng Yongnian and Lye Liang Fook
Author: Joshua Eisenman
Publisher: Columbia University Press
ISBN: 0231546750
Category : Social Science
Languages : en
Pages : 427
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Book Description
China’s dismantling of the Mao-era rural commune system and return to individual household farming under Deng Xiaoping has been seen as a successful turn away from a misguided social experiment and a rejection of the disastrous policies that produced widespread famine. In this revisionist study, Joshua Eisenman marshals previously inaccessible data to overturn this narrative, showing that the commune modernized agriculture, increased productivity, and spurred an agricultural green revolution that laid the foundation for China’s future rapid growth. Red China’s Green Revolution tells the story of the commune’s origins, evolution, and downfall, demonstrating its role in China’s economic ascendance. After 1970, the commune emerged as a hybrid institution, including both collective and private elements, with a high degree of local control over economic decision but almost no say over political ones. It had an integrated agricultural research and extension system that promoted agricultural modernization and collectively owned local enterprises and small factories that spread rural industrialization. The commune transmitted Mao’s collectivist ideology and enforced collective isolation so it could overwork and underpay its households. Eisenman argues that the commune was eliminated not because it was unproductive, but because it was politically undesirable: it was the post-Mao leadership led by Deng Xiaoping—not rural residents—who chose to abandon the commune in order to consolidate their control over China. Based on detailed and systematic national, provincial, and county-level data, as well as interviews with agricultural experts and former commune members, Red China’s Green Revolution is a comprehensive historical and social scientific analysis that fundamentally challenges our understanding of recent Chinese economic history.
Author: Feng Wang
Publisher: Cambridge University Press
ISBN: 1009444913
Category : Political Science
Languages : en
Pages : 273
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Book Description
Between the 1980s and the present day, China has experienced one of the most consequential economic transformations in world history. One-fifth of the Earth's population has left behind a life of scarcity and subsistence for one of abundance and material comfort, while their nation has emerged as a preeminent economic and political power. In a systematic historical and sociological analysis of this unique juncture, Wang Feng charts the origins, forces, and consequences of this meteoric rise in living standards. He shifts the focus away from institutions and policies to offer new perspectives based on consumption among poorer, rural populations as a driver of global economic change. But is this 'Age of Abundance' coming to an end? Anticipating potential headwinds, including an aging population, increasing inequality, and intensifying political control, Wang explores whether this preeminence could be coming to a close.
Author: United States. Congress. House. Committee on Banking and Financial Services
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 128
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Book Description
Author: Alan Greenspan
Publisher: Student Study Guides
ISBN: 9781643542522
Category :
Languages : en
Pages : 78
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Book Description
Since initiating market reforms in 1978, China has shifted from a centrally-planned to a more market-based economy and has experienced rapid economic and social development. GDP growth has averaged nearly 10 percent a year--the fastest sustained expansion by a major economy in history--and has lifted more than 800 million people out of poverty. China reached all the Millennium Development Goals (MDGs) by 2015 and made a major contribution to the achievement of the MDGs globally. Although China's GDP growth has gradually showed since 2012, it is still impressive by current global standards. With a population of 1.3 billion, China is the second largest economy and is increasingly playing an important and influential role in development and in the global economy. China has been the largest single contributor to world growth since the global financial crisis of 2008. Yet China remains a developing country (its per capita income is still a fraction of that in advanced countries) and its market reforms are incomplete. According to China's current poverty standard (per capita rural net income of RMB 2,300 per year in 2010 constant prices), there were 55 million poor in rural areas in 2015. Rapid economic ascendance has brought on many challenges as well, including high inequality; rapid urbanization; challenges to environmental sustainability; and external imbalances. China also faces demographic pressures related to an aging population and the internal migration of labor. Significant policy adjustments are required in order for China's growth to be sustainable. Experience shows that transitioning from middle-income to high-income status can be more difficult than moving up from low to middle income.
Author: Mohammed Nuruzzaman
Publisher:
ISBN:
Category :
Languages : en
Pages : 24
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Book Description
China's recent economic ascendance and its probable impact on the post-war global order have divided China watchers or sinologists into two broad opposing camps - the school of alarmists and the school of deniers. While the alarmist school exaggerates China's rise as the beginning of a new Sino-centric world order, the denial school rejects the potential of a rising China to challenge and replace the post-war global order shaped and led by the USA. This review article maps out the major arguments of both camps, critiques their conceptual and methodological shortcomings, highlights the missing points in the debates on China's projected economic preeminence and emphasizes an alternative approach to account for the rise of Chinese power. It argues that the differing scholarly views on the impacts of China's economic rise leave us nowhere close to have definitive ideas about China's actual power status and impacts. Furthermore, the debates are marked by a general lack of comparative analyses on the global socio-economic and political conditions of China's rise in the modern context and that of imperial Britain in the eighteenth and nineteenth centuries, Germany in the late nineteenth century and the USA in the late nineteenth and early twentieth centuries. This is where more research is required to clearly understand the rise of China in the contemporary world.
Author: Oded Shenkar
Publisher: Pearson Education
ISBN: 0132716143
Category : Business & Economics
Languages : en
Pages : 295
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Book Description
By 2015, China may well have the world's largest economy. In The Chinese Century, Oded Shenkar shows how China is restoring its imperial glory by infusing modern technology and market economics into a non-democratic system controlled by the Communist party and bureaucracy. Shenkar shows why China's quest for global success differs radically from predecessors such as Japan, India, and Mexico... why it represents a fundamental restructuring of the global business system... and why it will transform the roles of participants in the global economy. He previews tomorrow's new competitive ground rules, terms of employment, and consumption patterns, and shows how Chinese ascendancy is redrawing political, economic, and social battle lines. Learn why the U.S. is most vulnerable to China's ascent... how China's disregard for intellectual property creates sustainable competitive advantage... how China's growth impacts global businesses and individual purchasing decisions. Above all, Shenkar shows what you must do to survive and prosper in "The Chinese Century."
Author: Congressional Research Service
Publisher: Createspace Independent Publishing Platform
ISBN: 9781976466953
Category :
Languages : en
Pages : 52
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Book Description
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.
