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Author: Jianglin Zhao
Publisher: Springer Nature
ISBN: 9811646449
Category : Business & Economics
Languages : en
Pages : 236
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Book Description
This book focuses on the market issues facing Asian industrialization and the possibility, feasibility, and sustainability of China integrating the Asian economics. How China's rise affects Asian market and the economic relation between China and other Asian economies? The book looks into this issue from market and regional perspectives and concludes that: Asian industrialization including China makes the unified regional market as the common goal of Asian economies; the integration of Asian markets is also a key strategy for China in the next 5-10 years; China may become a major player or even a leader in integrating regional markets; however, it will be a longtime process depending on China's economic strength in the future.
Author: Jianglin Zhao
Publisher: Springer Nature
ISBN: 9811646449
Category : Business & Economics
Languages : en
Pages : 236
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Book Description
This book focuses on the market issues facing Asian industrialization and the possibility, feasibility, and sustainability of China integrating the Asian economics. How China's rise affects Asian market and the economic relation between China and other Asian economies? The book looks into this issue from market and regional perspectives and concludes that: Asian industrialization including China makes the unified regional market as the common goal of Asian economies; the integration of Asian markets is also a key strategy for China in the next 5-10 years; China may become a major player or even a leader in integrating regional markets; however, it will be a longtime process depending on China's economic strength in the future.
Author: Yong Wook Lee
Publisher: Routledge
ISBN: 1317819861
Category : Political Science
Languages : en
Pages : 199
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Book Description
With featuring far-reaching diversities and disparities among the regional states in their political, economic and social systems and cultural and religious orientations, East Asia is a microcosm of international society at large. Nevertheless, there are unique dynamics unfolding in East Asia at the turn of the twenty-first century, namely the rise of China as a contender for regional and global hegemony and a set of collective initiatives to integrate the region into a harmonious community. This book provides new arguments on China’s rise and the transformation of East Asia and analyzes the foreign policy behavior of the regional states and relations among them. In doing so, the contributors show why and how China is rising, and how China’s rise shapes the emerging regional structures and institutions in East Asia. Furthermore, given the East Asian context where the world’s second and third largest economies coexist with much smaller states and with China’s ascendency likely to continue, this book challenges the pervasive dichotomy of hegemony and community. This allows for a fuller and more nuanced account of China’s role and the shifting regional policies in East Asia in which hegemonic cooperation does not necessarily lead to a hegemonic form of regional order. Presenting strategic, political, economic and historical perspectives on China’s changing role in the region and the development of regionalism, China’s Rise and Regional Integration in East Asia will be of great interest to students and scholars of Chinese politics, Asian politics, international relations and regionalism.
Author: Filip Abraham
Publisher: World Scientific
ISBN: 9811212244
Category : Business & Economics
Languages : en
Pages : 372
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Book Description
2018 marks the 40th anniversary of the start of China's reform and opening up policy, which created China's growth miracle with an annual average growth rate of around 9.5 percent. China's rapid rise and internationalization has also generated profound impacts both regionally and globally. This edited book aims to bring together academics and researchers at policy institutions to discuss ongoing research on a wide range of theoretical and empirical issues related to China's rapid rise and internationalization from both regional and global perspectives.
Author: Sarah Yueting Tong
Publisher: World Scientific
ISBN: 9811200327
Category : China
Languages : en
Pages : 183
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Book Description
Introduction -- ch. 1. China and East Asia production network -- ch. 2. The internationalisation of China's Renminbi -- ch. 3. The internationalisation of Chinese enterprises -- ch. 4. Cross-strait economic relations: Taiwan's perspective -- ch. 5. CEPA and Mainland-Hong Kong's economic relations --ch. 6. China-Asean economic relations remain resilient despite rising challenges -- ch. 7. Ever-bonding Sino-Korean economic relationship but questionable contribution to regional integration -- ch. 8. China and Japan: great economic integration without a bilateral free trade agreement -- ch. 9. The political economy of East Asia economic integration.
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: International Development Research Centre (Canada)
Publisher: IDRC
ISBN: 9780889368064
Category : Business & Economics
Languages : en
Pages : 332
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Book Description
Multinationals and East Asian Integration
Author:
Publisher:
ISBN:
Category : Asia
Languages : en
Pages : 314
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Book Description
As Asia grows and prospers, its economies are increasingly vital to each other -and to the world. Led by a team of ADB staff, scholars, and advisers to regional policy makers, this study highlights what is at stake the emerging Asian regionalism and lays out the ground for further discussion on how to move forward.
Author: David Greenaway
Publisher: Palgrave MacMillan
ISBN:
Category : Business & Economics
Languages : en
Pages : 296
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Book Description
The rising importance of China and its impact on the world economy has attracted massive interest worldwide. This book examines a wide range of issues related to China and its relationship with the world economy, focusing on its succesful development experiences and how its rise may affect the rest of the world in the coming decades.
Author: Honghua Men
Publisher: Springer Nature
ISBN: 9811546541
Category : Social Science
Languages : en
Pages : 287
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Book Description
This book describes the past, present and future of East Asian order, and analyzes how China, Japan, the U.S and ASEAN play important roles in the transformation of East Asian order, and discusses the new logic of regional order formation in the era of globalization and regional integration. The book analyzes China’s relationship with East Asian order, great powers and regional institutions involved, especially bilateral relations between China and Japan, China and the U.S., China and ASEAN, and explores how China could improve its regional strategy. Addressing a hot topic in world politics from the angle of regional order, and using methods such as historical analysis, comparative analysis, quantitative analysis and case study, this readable book enables readers to develop an understanding of the history and status quo of East Asia and China’s role in the region.
Author: Evelyn Goh
Publisher: Routledge
ISBN: 1134974965
Category : History
Languages : en
Pages : 74
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Book Description
In Southeast Asia, China’s growing economic and political strength has been accompanied by adept diplomacy and active promotion of regional cooperation, institutions and integration. Southeast Asian states and China engage in ‘strategic regionalism’: they seek regional membership for regime legitimation and collective bargaining; and regional integration to enhance economic development, regarded as essential for ensuring national and regime security. Sino-Southeast Asian regionalism is exemplified by the development plans for the Mekong River basin, where ambitious projects for building regional infrastructural linkages and trade contribute to mediating the security concerns of the Mekong countries. However, Mekong regionalism also generates new insecurities. Developing the resources of the Mekong has led to serious challenges in terms of governance, distribution and economic externalities. Resource-allocation and exploitation conflicts occur most obviously within the realm of water projects, especially hydropower development programmes. While such disputes are not likely to erupt into armed conflict because of the power asymmetry between China and the lower Mekong states, they exacerbate Southeast Asian concerns about China’s rise and undermine Chinese rhetoric about peaceful development. But the negative security consequences of developing the Mekong are also due to the shared economic imperative, and the Southeast Asian states’ own difficulties with collective action due to existing intramural conflicts.
