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Author: Shanghai WTO Affairs Consultation Center
Publisher: World Scientific
ISBN: 1938368088
Category : Business & Economics
Languages : en
Pages : 232
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Book Description
Since its accession to the WTO, China had been enjoying a rapid growth in foreign trade, which has become the major driving force behind its surging economic development. However, the outbreak of the financial crisis at the end of 2008 left China with a fragile international market. Although there has been a gradual improvement in the international trading environment since 2010 following a steady recovery of the world economy, multiple challenges for the global economy still lie ahead with controlled trade protectionism becoming a trend. This book is the latest publication from the Shanghai WTO Affairs Consultation Center and the first report on China''s trade performance. It analyses China''s foreign trade environment, the foreign trade index and the quarterly index, illuminating the reasons behind fluctuating foreign trade. The book provides advice for entrepreneurs working in fast-changing environments, and is an excellent guide to policymakers involved in China''s foreign trade.
Author: Shanghai WTO Affairs Consultation Center
Publisher: World Scientific
ISBN: 1938368088
Category : Business & Economics
Languages : en
Pages : 232
Get Book
Book Description
Since its accession to the WTO, China had been enjoying a rapid growth in foreign trade, which has become the major driving force behind its surging economic development. However, the outbreak of the financial crisis at the end of 2008 left China with a fragile international market. Although there has been a gradual improvement in the international trading environment since 2010 following a steady recovery of the world economy, multiple challenges for the global economy still lie ahead with controlled trade protectionism becoming a trend. This book is the latest publication from the Shanghai WTO Affairs Consultation Center and the first report on China''s trade performance. It analyses China''s foreign trade environment, the foreign trade index and the quarterly index, illuminating the reasons behind fluctuating foreign trade. The book provides advice for entrepreneurs working in fast-changing environments, and is an excellent guide to policymakers involved in China''s foreign trade.
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 : Commercial statistics
Languages : en
Pages : 588
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Book Description
Author: Longtao He
Publisher: Springer Nature
ISBN: 9811618801
Category : Social Science
Languages : en
Pages : 282
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Book Description
This book examines the experiences of migrant peasant workers in China who care for parents diagnosed with cancer and explores to what extent contextual changes after the economic reform initiated in 1978 affected practices and experiences of caring. In his own attempt to develop a localized methodology, the author considers identifying similarities between Chinese philosophies and Foucault’s theories as the key step for localizing Foucauldian discourse analysis. Three similarities are located and articulated with regard to filial care. Firstly, the complexity of discursive relations identified by Foucault resembles the complicated Chinese notion of the relationality of the self. Secondly, both sides have a tendency to look back to ancient times for solutions and to critique the notion of ‘progress’ in modernity. For Foucault, the way to attain freedom or agency is through technologies of the self, such as speaking truth (parrhesia). Lastly, both value action and practice in their theories. The book then analyzes, through this localized methodological approach, statements made by migrant peasant workers to take readers through their discursive mechanisms to construct filial piety in relation to their subjective care experiences.
Author: World Trade Organization
Publisher:
ISBN: 9789287038159
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
'The World Trade Report 2012' ventures beyond tariffs to examine other policy measures that can affect trade.
Author: Flora Huang
Publisher: Routledge
ISBN: 131551611X
Category : Social Science
Languages : en
Pages : 328
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Book Description
This book explores the role of institutions in economic growth, looking in particular at specific Asian countries and at particular cities within those countries. It considers a wide range of factors besides institutions, including the law, cultural factors and overall government arrangements. The differences between the countries studied are highlighted, and the impact of these differences assessed: the impact of English common law on arrangements in Hong Kong, Singapore and Malaysia; sharia law in Malaysia; the differing lengths of time of colonial rule; the extent to which Chinese family businesses control an economy. Also studied are the degree to which the law is effectively applied, and a range of other social, economic and cultural factors. The book’s conclusions as to which factors have the greatest impact will be of considerable interest to economists of Asia and those interested in economic growth more widely.
Author: United Nations
Publisher:
ISBN: 9789211128222
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
What lessons have policy makers drawn from the global financial and economic crisis to reform the international monetary and financial system and the design of macroeconomic policies? The enthusiasm about system reform and a reorientation of macroeconomic policies has not lasted. Reforms of financial regulations are progressing slowly and only at the national level, monetary system reform is limited. After an interlude that some considered as a return to Keynesianism, the orientation of macroeconomic policy, especially fiscal policy, is back to business as usual. This will hinder a sustained recovery of the world economy and open the door for new financial crises. Thus, the rethinking of policies and reshaping the financial and monetary system remain an urgent task. The Report makes concrete proposals on how, and in which priority areas, to advance with the strengthening regulation of the financial sector and commodity markets, reform of the international monetary system, and the reorientation of fiscal policy.
Author: Pitman B. Potter
Publisher: UBC Press
ISBN: 0774825618
Category : Political Science
Languages : en
Pages : 309
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Book Description
This volume outlines a new approach for understanding China's treaty performance around international standards on trade and human rights, using the paradigms of selective adaptation and institutional capacity. Selective adaptation reveals how local interpretation and implementation of international treaty standards are affected by normative perspectives derived from perception, complementarity, and legitimacy. Institutional capacity explains how operational dimensions of legal performance are affected by structural and relational dynamics of institutional purpose, location, orientation, and cohesion. The author also offers policy suggestions for more effective engagement with China on trade and human rights issues.
Author: Thomas Orlik
Publisher: Pearson Education
ISBN: 9780132620215
Category : Business & Economics
Languages : en
Pages : 272
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Book Description
In Understanding China’s Economic Indicators, leading economist and Wall Street Journal columnist Thomas M. Orlik introduces 35 of China's most significant economic statistics. Orlik explains why each indicator matters, how it is collected and computed, and its impact on equity, commodity, and currency markets. As China has emerged as a central player in the global economy, more and more investors are seeking profitable opportunities there. To choose the right investments, it's crucial to understand China's economic environment–and that means finding, interpreting, and utilizing China's growing base of economic indicators. Orlik helps investors make sense of data on everything from Chinese GDP growth to inflation, unemployment, bond yields, electricity production, and aircraft passenger numbers. He draws on the best information supplied by the Chinese government's statistical agency, ministries, and industry associations, as well as private sources. Each indicator is clearly described, along with a practical discussion of its implications for investors.
Author: United Nations Conference on Trade and Development
Publisher: UN
ISBN:
Category : Business & Economics
Languages : en
Pages : 140
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Book Description
This publication was prepared by the UNCTAD secretariat to commemorate the first three decades of the Trade and Development Report (TDR) - UNCTAD's main flagship publication - whose first edition was published in 1981.Part one of this publication traces the key issues relating to the global economy and development strategies discussed in various TDRs over the past three decades. It also shows how the ideas, analytical perspectives and policy proposals expressed in the TDR have differed from "mainstream" thinking, and how they have evolved in response to new challenges arising from global economic developments.The salient features reviewed in this publication are: the concept of interdependence, which has shaped the TDRs' policy analyses and recommendations over three decades; the approach of the TDR to macroeconomic and financial policies in both developed and developing countries; the TDRs' contribution to the debate about the shortcomings and the need for reform of global governance in trade, finance and macroeconomics; the TDRs' assessments of the failures and successes of development policy, as well as their recommendations for development strategies, taking into account lessons from past experiences; and Issues that remain topical and others that may become relevant for analysis in future TDRs.Part two of the publication comprises the contributions of the experts who participated in a panel discussion on "Thinking Development: Three Decades of the Trade and Development Report", a pre-Conference event for UNCTAD XIII, which took place in Geneva on 20 February 2012.
