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Author: Ping Li
Publisher: World Scientific
ISBN: 9813277297
Category : Political Science
Languages : en
Pages : 292
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Book Description
Since 2012, industrial overcapacity has become an increasingly serious problem in China, against the backdrop of domestic economic slowdown and continued downturn in international markets. Overcapacity is widespread in the traditional manufacturing sector, particularly in iron and steel, cement, electrolytic aluminium, flat glass, and ship-building industries. It is also grave in emerging industries such as polysilicon, solar cells, and wind power equipment.This book provides an overview on the overcapacity problem facing China and examines the main characteristics of overcapacity in some important industries. The book identifies two types of overcapacity: one is excess capacity that results from natural supply-demand dynamics or cyclical economic fluctuations under a relatively sound market system; the other is overcapacity caused by the overinvestment of enterprises under a flawed economic system. It probes into how overcapacity is caused and finds two contributors — change of growth model and institutional flaws. It explores to establish a long-term mechanism for solving the problem. The book concludes that China should establish a long-term mechanism to prevent and resolve overcapacity, and to establish healthy relationship between the market and the government.
Author: Ping Li
Publisher: World Scientific
ISBN: 9813277297
Category : Political Science
Languages : en
Pages : 292
Get Book Here
Book Description
Since 2012, industrial overcapacity has become an increasingly serious problem in China, against the backdrop of domestic economic slowdown and continued downturn in international markets. Overcapacity is widespread in the traditional manufacturing sector, particularly in iron and steel, cement, electrolytic aluminium, flat glass, and ship-building industries. It is also grave in emerging industries such as polysilicon, solar cells, and wind power equipment.This book provides an overview on the overcapacity problem facing China and examines the main characteristics of overcapacity in some important industries. The book identifies two types of overcapacity: one is excess capacity that results from natural supply-demand dynamics or cyclical economic fluctuations under a relatively sound market system; the other is overcapacity caused by the overinvestment of enterprises under a flawed economic system. It probes into how overcapacity is caused and finds two contributors — change of growth model and institutional flaws. It explores to establish a long-term mechanism for solving the problem. The book concludes that China should establish a long-term mechanism to prevent and resolve overcapacity, and to establish healthy relationship between the market and the government.
Author: Hanquan Huang
Publisher: World Scientific
ISBN: 9811224099
Category : Political Science
Languages : en
Pages : 358
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Book Description
The debate on industrial policy has been in full swing among the academic circles in recent years. The crux of this debate is not whether China needs industrial policies, but rather, the kind of industrial policies it wants. Given the profound changes to the domestic and international environments, and institutional background during China's industrial development, industrial policies must be able to make up for 'market failures,' while avoiding 'government failures'. To this end, it is suggested to establish a 'market-friendly' industrial policy system dominated by functional industrial policies, in accordance with the requirements of building an 'interactive and cooperative' government-market relationship to help transform and upgrade China's industries.
Author: Haiyuan Wan
Publisher: World Scientific
ISBN: 9811200661
Category : Political Science
Languages : en
Pages : 323
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Book Description
As the Chinese economy has moved to a 'New Normal' of slower growth and changed model of development, its income distribution is being affected in a number of ways. What exactly are the impacts brought by the new changes? How should we view China's income distribution on the whole? What trend will we see in the future? With regard to these and other questions that arise against the backdrop of the economic 'New Normal', the book provides an in-depth analysis of the new issues, characteristics and trends in relation to income growth rates, income and wealth gaps, and the proportion of personal income in China.
Author: Hong Sheng
Publisher: World Scientific
ISBN: 9813278625
Category : Business & Economics
Languages : en
Pages : 438
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Book Description
In China, the government controls a large part of resources, such as land, energy, bank savings, and so on. This book studies the efficiency and fairness of resources allocation by governmental administration in China. The book states that it is neither fair nor efficient to allocate resources by the governmental administrations. These resources should be allocated by the market.The book analyzes the resources allocation by government administration in three key areas namely education, health care, and land. A quantitive analysis is developed for describing more precisely the situation of unfairness in fiscal resources allocation. This book also describes how ordinary people address the misposition of resources by governmental administrations by migrating from the provinces with less resources to the provinces with more resources in education or health care. Thus, the book concludes that the actual allocation of resources is determined by the interactions between ordinary people and the government.
Author: Wandong Yang
Publisher: World Scientific
ISBN: 9811202745
Category : Political Science
Languages : en
Pages : 316
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Book Description
This book examines the economic, cultural and structural factors affecting China's economic growth, and expounds why China's economy has been so successful in the past, and the challenges that lie ahead for the country amidst the changing world, new challenges and uncertainties. The authors lay out their thoughts persuasively and powerfully, advocating changes that should be implemented in order to achieve a successful economic transformation of China's economy. Through an exchange of ideas among the four Chinese authors, each of whom hail from different backgrounds, practical solutions are presented in the book.
Author:
Publisher: BRILL
ISBN: 9004691081
Category : Social Science
Languages : en
Pages : 531
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Book Description
China under Xi Jinping: an Interdisciplinary Assessment offers an overview of reforms and changes that took place in China under Xi Jinping’s administration in years 2012–2022. The book focuses on the impact of Xi’s rule on China’s political system, with special attention given to the features that distinguish Xi from his predecessors. The authors discuss, among others, the Xi Jinping Thought and the nature of his leadership, factors contributing to China’s economic success, the future of the Belt and Road Initiative, China’s response to challenges in terms of security, climate policy, energy transition, pandemics, as well as its ambition to become a global superpower in domains such as space exploration and sports. The volume also analyzes the in fluence that Xi Jinping’s government has exerted on the Chinese state, society, and culture, concentrating on areas such as healthcare, education, politics regarding religion, the evolution of Chinese nationalism, the developments in Chinese cinema, music, language, and even political humor. To understand what characterizes Xi as a politician and how his time in o ffice is reflected in today’s China, experts on China-related matters appear in five parts, or “dimensions” including: political, economic, social, cultural, and foreign policy issues. This publication will spark the readers’ interest in and increase their awareness concerning the developments in the People’s Republic of China under Xi Jinping.
Author: Rui Liu
Publisher: World Scientific
ISBN: 9811205620
Category : Business & Economics
Languages : en
Pages : 347
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Book Description
China is a powerful engine of the global economy and the country's rise is undoubtedly the outcome of its protracted campaign of designing and implementing national development strategies since the founding of the People's Republic of China in 1949. This book reviews the transformation and innovation of China's economic development strategies, especially Deng Xiaoping's Three-Step strategy and Xi Jinping's internal and external strategies. By introducing the concept of strategic paradigm, it analyzes the theoretical basis of myriads of economic development strategies and predicts China's choice. With the evolutionary process and the outstanding problems in national development planning as the main thread, it discusses the improvement of the national planning system, specifically of the national overall planning system, the regional planning system, the interplay and conflict between regional planning. It also studies the reform of city-county planning system, major function-oriented zones (MFOZs) and planning legislation and institutionalization. It also attempts to put forward proposals to coordinate the interests of planning departments and make different types of planning at different administrative levels compatible.
Author: Xiaoguang Liu
Publisher: World Scientific
ISBN: 9811208603
Category : Business & Economics
Languages : en
Pages : 249
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Book Description
The continuous migration of rural labor to cities has changed the fundamental characteristics of China's labor market, profoundly affected the country's investments, savings, technological progress and economic cycle fluctuation, and more importantly, the rapid development of non-agricultural industries. Though the significant changes in China's labor market has played a vital role in the country's economic growth, it has not been duly valued and studied. This book aims to fill the gap by studying the role of rural labor in China's economic development.The book systematically presents the three most important characteristics of China's economic development and summarizes them as 'the riddle of China's rising return on capital', 'the riddle of China's rising rate of saving', and 'the riddle of 'Okun's law' not applicable to China'. It empirically and theoretically analyses the 'three riddles' from the perspective of the migration of rural labor. It also proposes macro-policies and developmental strategies to address the 'three riddles'.
Author: Youguo Zhang
Publisher: World Scientific
ISBN: 9811202923
Category : Business & Economics
Languages : en
Pages : 441
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Book Description
This book discusses several important issues in the practice of China's green development. It analyzes the carbon mitigation, water conservation and environmental pollution from the perspectives of economic development, technological change, production and demand. The book uses various quantitative methods to reveal the pathways of China's green development. The methods include Log Mean Divisia Index, input-output analysis, structural decomposition analysis, data envelope analysis, econometric methods and computable general equilibrium model. The findings, discussions and policy implications of this book contribute to the theory and policy studies in China's green development.
Author: Xiaohe Ma
Publisher: World Scientific
ISBN: 9811209359
Category : Business & Economics
Languages : en
Pages : 260
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Book Description
In recent years, the 'supply-side structural reform' has become a popular term in all regions and fields in China. The supply-side structural reform is the key component of the Chinese government's economic policy framework during the '13th Five-Year Plan' period. It is crucial in both theory and practice, to have an accurate understanding of its background, content, essential features, principles, and goals.The theme of the book revolves around the supply-side structural reform and analyses the concept from different perspectives, such as the basic theories and institutional framework, the fiscal taxation system, the financial system reform, and the innovation system. It attempts to address questions such as: how to understand the supply side and the demand side; why the supply-side structural reform is currently proposed; how to implement the reform; what are the changes brought about by the reform; what factors should be taken into consideration in its implementation; what are the policies to be developed in the process, etc.
