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Author: Du Yang
Publisher:
ISBN: 9780992762582
Category : Business & Economics
Languages : en
Pages : 198
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Book Description
China has rapidly become the world's second largest economy. This could not have been achieved without the contribution of its most successful businesses and entrepreneurs. The number of Chinese companies appearing in the Global Top 500 list has increased from just 11 in 2002 to 86 in 2013. Today, only the US has more companies that feature in this list, and the gap is rapidly closing. The Rise & Fall of China's Top 500 Companies charts the astonishing rise of China's largest companies and investigates the factors that have contributed to this phenomenon. Written by Yang Du, professor at the School of Business of Renmin University of China, and Liu Bin, assistant professor in the international economics department of the University of International Relations, this book is edited and published by ACA Publishing in association with CNPIEC as part of a five-book series called 'Exploring Modern China'. Packed with corporate case studies and profiles of China's most successful entrepreneurs, The Rise & Fall of China's Top 500 Companies is a thought-provoking book essential for all those interested in understanding the growing dominance of Chinese companies in international business.
Author: Du Yang
Publisher:
ISBN: 9780992762582
Category : Business & Economics
Languages : en
Pages : 198
Get Book Here
Book Description
China has rapidly become the world's second largest economy. This could not have been achieved without the contribution of its most successful businesses and entrepreneurs. The number of Chinese companies appearing in the Global Top 500 list has increased from just 11 in 2002 to 86 in 2013. Today, only the US has more companies that feature in this list, and the gap is rapidly closing. The Rise & Fall of China's Top 500 Companies charts the astonishing rise of China's largest companies and investigates the factors that have contributed to this phenomenon. Written by Yang Du, professor at the School of Business of Renmin University of China, and Liu Bin, assistant professor in the international economics department of the University of International Relations, this book is edited and published by ACA Publishing in association with CNPIEC as part of a five-book series called 'Exploring Modern China'. Packed with corporate case studies and profiles of China's most successful entrepreneurs, The Rise & Fall of China's Top 500 Companies is a thought-provoking book essential for all those interested in understanding the growing dominance of Chinese companies in international business.
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:
Publisher:
ISBN:
Category : China
Languages : en
Pages : 428
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Book Description
Author: Berch Berberoglu
Publisher: Routledge
ISBN: 1351888919
Category : Political Science
Languages : en
Pages : 345
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Book Description
Written by a team of experts on the contemporary global capitalist political economy who are able to shed light on the inner workings of global capitalism and the capitalist globalization process that has led to the growth and development of capitalism from the national to the global level, this groundbreaking volume provides critical analyses of the causes and consequences of the Great Recession of 2008-2009. Through a careful examination of the origin, development and aftermath of the catastrophic economic crisis from which the world is still trying to recover, editor Berch Berberoglu and his colleagues demonstrate that those most responsible for the economic collapse are the ones least affected by its devastating impact felt most severely by working people around the world. Ultimately, this book argues that it is only through the systematic restructuring of the world economy by the working class that society will be able to prevent the boom and bust cycle of global capitalist crises and usher in a more egalitarian socialist economy and society.
Author: Andrew Scobell
Publisher: Rand Corporation
ISBN: 1977404200
Category : History
Languages : en
Pages : 155
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Book Description
To explore what extended competition between the United States and China might entail out to 2050, the authors of this report identified and characterized China’s grand strategy, analyzed its component national strategies (diplomacy, economics, science and technology, and military affairs), and assessed how successful China might be at implementing these over the next three decades.
Author: Peter Nolan
Publisher: Palgrave MacMillan
ISBN:
Category : Business & Economics
Languages : en
Pages : 264
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Book Description
This text tells the story of China's emergence as a major economic power and the impact this will have on world business. It is an executive summary of the opportunities for business in one of the largest markets in the world.
Author: David Shambaugh
Publisher: Oxford University Press
ISBN: 0199860157
Category : Political Science
Languages : en
Pages : 428
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Book Description
Most global citizens are well aware of the explosive growth of the Chinese economy. Indeed, China has famously become the "workshop of the world." Yet, while China watchers have shed much light on the country's internal dynamics--China's politics, its vast social changes, and its economic development--few have focused on how this increasingly powerful nation has become more active and assertive throughout the world. In China Goes Global, eminent China scholar David Shambaugh delivers the book that many have been waiting for--a sweeping account of China's growing prominence on the international stage. Thirty years ago, China's role in global affairs beyond its immediate East Asian periphery was decidedly minor and it had little geostrategic power. Today however, China's expanding economic power has allowed it to extend its reach virtually everywhere--from mineral mines in Africa, to currency markets in the West, to oilfields in the Middle East, to agribusiness in Latin America, to the factories of East Asia. Shambaugh offers an enlightening look into the manifestations of China's global presence: its extensive commercial footprint, its growing military power, its increasing cultural influence or "soft power," its diplomatic activity, and its new prominence in global governance institutions. But Shambaugh is no alarmist. In this balanced and well-researched volume, he argues that China's global presence is more broad than deep and that China still lacks the influence befitting a major world power--what he terms a "partial power." He draws on his decades of China-watching and his deep knowledge of the subject, and exploits a wide variety of previously untapped sources, to shed valuable light on China's current and future roles in world affairs.
Author: Nicholas R Lardy
Publisher: Columbia University Press
ISBN: 0881326941
Category : Political Science
Languages : en
Pages : 425
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Book Description
China's transition to a market economy has propelled its remarkable economic growth since the late 1970s. In this book, Nicholas R. Lardy, one of the world's foremost experts on the Chinese economy, traces the increasing role of market forces and refutes the widely advanced argument that Chinese economic progress rests on the government's control of the economy's "commanding heights." In another challenge to conventional wisdom, Lardy finds little evidence that the decade of the leadership of former President Hu Jintao and Premier Wen Jiabao (2003–13) dramatically increased the role and importance of state-owned firms, as many people argue. This book offers powerfully persuasive evidence that the major sources of China's growth in the future will be similarly market rather than state-driven, with private firms providing the major source of economic growth, the sole source of job creation, and the major contributor to China's still growing role as a global trader. Lardy does, however, call on China to deregulate and increase competition in those portions of the economy where state firms remain protected, especially in energy and finance.
Author: Yi Wen
Publisher: World Scientific
ISBN: 9814733741
Category : Business & Economics
Languages : en
Pages : 336
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Book Description
The rise of China is no doubt one of the most important events in world economic history since the Industrial Revolution. Mainstream economics, especially the institutional theory of economic development based on a dichotomy of extractive vs. inclusive political institutions, is highly inadequate in explaining China's rise. This book argues that only a radical reinterpretation of the history of the Industrial Revolution and the rise of the West (as incorrectly portrayed by the institutional theory) can fully explain China's growth miracle and why the determined rise of China is unstoppable despite its current 'backward' financial system and political institutions. Conversely, China's spectacular and rapid transformation from an impoverished agrarian society to a formidable industrial superpower sheds considerable light on the fundamental shortcomings of the institutional theory and mainstream 'blackboard' economic models, and provides more-accurate reevaluations of historical episodes such as Africa's enduring poverty trap despite radical political and economic reforms, Latin America's lost decades and frequent debt crises, 19th century Europe's great escape from the Malthusian trap, and the Industrial Revolution itself.
Author: Angang Hu
Publisher: Springer
ISBN: 9811033706
Category : Business & Economics
Languages : en
Pages : 195
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Book Description
This book elaborates on how China’s previous leaders established, consolidated, developed and improved China’s basic modern governance system. It also explores and discusses how to correctly, objectively and scientifically perceive, evaluate and promote the modernization of China’s state governance and its capacity. Using detailed and accurate data and extensive background information, this book analyzes the changing history and future perspectives of the relationship between China’s government and the market, state-owned economy and private economy. Covering an extensive timespan, this comprehensive book includes contributions from Chinese scholars specialized in contemporary China studies discussing the major breakthroughs and decision-making consultations in Chinese development strategies. It also offers insights into the research mechanism and development levels of Chinese think tanks based at research institutes. Last but not least, it sheds light on the democratic advances in the Chinese decision-making process.
