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Author: Haiqun Yang
Publisher: Springer
ISBN: 1349244708
Category : Business & Economics
Languages : en
Pages : 347
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Book Description
This book analyses the advantages and disadvantages of the banking system reforms with particular reference to centrally planned economies. The book reviews the socialist banking reforms and analyses their financial problems. Employing a critical exposition of banking theories, it assesses current financial disorders and takes issue with some established theories.
Author: Susan L. Shirk
Publisher: Univ of California Press
ISBN: 0520912217
Category : History
Languages : en
Pages : 411
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Book Description
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. This title is part of UC Press's Voices Revived program, which commemorates University of California Press's mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1994. 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 Chine
Author: Haiqun Yang
Publisher: Springer
ISBN: 1349244708
Category : Business & Economics
Languages : en
Pages : 347
Get Book Here
Book Description
This book analyses the advantages and disadvantages of the banking system reforms with particular reference to centrally planned economies. The book reviews the socialist banking reforms and analyses their financial problems. Employing a critical exposition of banking theories, it assesses current financial disorders and takes issue with some established theories.
Author: Ross Garnaut
Publisher: ANU Press
ISBN: 176046225X
Category : Business & Economics
Languages : en
Pages : 709
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Book Description
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.
Author: Richard C. Bush
Publisher: Brookings Institution Press
ISBN: 081572814X
Category : Political Science
Languages : en
Pages : 395
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Book Description
A close-up look at the struggle for democracy in Hong Kong. Hong Kong in the Shadow of China is a reflection on the recent political turmoil in Hong Kong during which the Chinese government insisted on gradual movement toward electoral democracy and hundreds of thousands of protesters occupied major thoroughfares to push for full democracy now. Fueling this struggle is deep public resentment over growing inequality and how the political system—established by China and dominated by the local business community—reinforces the divide been those who have profited immensely and those who struggle for basics such as housing. Richard Bush, director of the Brookings Institution’s Center on East Asia Policy Studies, takes us inside the demonstrations and the demands of the demonstrators and then pulls back to critically explore what Hong Kong and China must do to ensure both economic competitiveness and good governance and the implications of Hong Kong developments for United States policy.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
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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.
Author: Kui Wai Li
Publisher: Praeger
ISBN:
Category : Business & Economics
Languages : en
Pages : 216
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Book Description
The People's Republic of China has completed the first decade of economic reform with remarkable achievements. At the same time, it is encountering severe economic problems in runaway inflation, crippling shortages, and large trade imbalances. This work uses a macroeconomic framework of development and financial repression theories to examine the PRC's performance. Improvements in the PRC's financial productivity, according to the author, can be achieved if Chinese leaders either (1) relax the real interest rate ceiling to discourage unproductive investment and free financial resources or (2) hasten the development of the equity market.
Author: Priscilla Roberts
Publisher: Springer Nature
ISBN: 9811692173
Category : Business & Economics
Languages : en
Pages : 479
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Book Description
This volume focuses on Chinese economic statecraft during the first decade of Deng Xiaoping’s reform and opening-up policies, from 1978 to 1989. During these years, Chinese economic engagement with the external world was tentative and experimental, with long-term strategies still decidedly under development. Prominent topics covered are China’s efforts to steer an economic course tailored to and representing what Deng Xiaoping famously described as “socialism with Chinese characteristics”; China’s quest for advanced science and technology; China’s dealings with international economic institutions, especially the World Bank; China’s engagement with other powers, including Japan, the United States, the ASEAN nations, and Europe; and the role of non-governmental organizations, including foreign policy think tanks, exchange groups, and educational institutions, in developing Chinese economic thinking and methodology during this decade. Contributors also focus on how elements of the Chinese military turned to building China’s new economic infrastructure, and on Chinese efforts to break into foreign markets. The volume ends with an overview and reassessment of earlier findings on Chinese economic statecraft in these years, by one of the leading Chinese experts on the PRC’s international policy.
Author: Mr.Bernard Laurens
Publisher: International Monetary Fund
ISBN: 9781557755629
Category : Business & Economics
Languages : en
Pages : 108
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Book Description
In 1978, China embarked on a gradual but far-reaching reform of its economic system. This paper focuses on the achievements so far in reforming the financial sector, the legal framework for financial transactions, the payments system, and the monetary policy and foreign exchange system. It also analyzes the tasks ahead to achieve the goals set in these areas for the year 2000.
Author: Ross Garnaut
Publisher: Asia Pacific Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 252
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Book Description
