The Great Change in the Regional Economy of China under the New Normal PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download The Great Change in the Regional Economy of China under the New Normal PDF full book. Access full book title The Great Change in the Regional Economy of China under the New Normal by Xiaowu Song. Download full books in PDF and EPUB format.
Author: Xiaowu Song
Publisher: Springer Nature
ISBN: 9813294752
Category : Business & Economics
Languages : en
Pages : 314
Get Book Here
Book Description
This book provides a comparative analysis of the regional development strategies of east, west, northeast and central China and the development of important economic regions including the Yangtze River Delta, the Pearl River Delta, Beijing-Tianjin-Hebei Region, the middle reaches of the Yangtze River, Chengdu-Chongqing and central-southern areas of Liaoning Province. The book reveals some key issues faced in China's regional development and analyzes their causes while delving into new trends of regional development since the 18th CPC National Congress. The book concludes by proposing new ideas for regional development under the new normal and analyzing experiences of other major powers in carrying out coordinated regional development. This book will be of interest to urbanists, journalists, and China scholars.
Author: Xiaowu Song
Publisher: Springer Nature
ISBN: 9813294752
Category : Business & Economics
Languages : en
Pages : 314
Get Book Here
Book Description
This book provides a comparative analysis of the regional development strategies of east, west, northeast and central China and the development of important economic regions including the Yangtze River Delta, the Pearl River Delta, Beijing-Tianjin-Hebei Region, the middle reaches of the Yangtze River, Chengdu-Chongqing and central-southern areas of Liaoning Province. The book reveals some key issues faced in China's regional development and analyzes their causes while delving into new trends of regional development since the 18th CPC National Congress. The book concludes by proposing new ideas for regional development under the new normal and analyzing experiences of other major powers in carrying out coordinated regional development. This book will be of interest to urbanists, journalists, and China scholars.
Author: Congressional Research Service
Publisher: Createspace Independent Publishing Platform
ISBN: 9781976466953
Category :
Languages : en
Pages : 52
Get Book Here
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: Cai Fang
Publisher: Routledge
ISBN: 1000466205
Category : Business & Economics
Languages : en
Pages : 218
Get Book Here
Book Description
China’s continuous, rapid economic growth since the Reform and Opening up of the country in the early 1980s has been praised as a miracle of the world economy. However, since 2012, the rate of growth has slowed down, rendering some people pessimistic about the country’s economic prospects. This title is a collection of a leading Chinese economists’ views on China’s economic growth and structural reform. The author argues that China’s economy has entered “the new normal”, meaning that slowed growth rate is not a cyclical phenomenon but a change in the stage of economic development. Therefore, there is a need to enact supply-side structural reforms, such as improved efficiency of resource reallocation, while shifting the mode of development from one of inputs to innovation. In addition, the author discusses the five major concepts of development proposed for the “13th Five-Year Plan”, as well as some critical topics related to supply-side structural reform, such as agricultural development, labor employment, and product quality. Scholars and students of macroeconomics, development economics, and the Chinese economy will find this book to be essential reading.
Author: Michele Bruni
Publisher: Cambridge Scholars Publishing
ISBN: 1527581292
Category : Social Science
Languages : en
Pages : 456
Get Book Here
Book Description
The book argues whether future migrations will be organized by destination countries or by criminal organizations; whether migrants will travel in a humane way or will continue to die along the road; whether properly trained migrants will boost the productivity of arrival countries or these countries will continue to squander money to build useless walls, possibly far from their border, and pay neighbours, not certainly in the top list from the human right perspective, to keep workers they need in concentration camps. It suggests that it is in the interest of more developed countries to stop denying their structural shortage of labour and start co-managing with one or more potential departure countries migration flows coherent with the quantitative and qualitative needs of their labour market. Economic fairness and sound economic thinking would also require destination countries to finance the training of potential migrants in the country of departure: in substance to build schools and vocational centres not walls. China represents an ideal case study in this regard not only because of its history, institutional setting, and international relationships but because in the next decades it will be the country most affected by the largest shortage of labour.
Author: Bhabani Shankar Nayak
Publisher: Taylor & Francis
ISBN: 1000967565
Category : Business & Economics
Languages : en
Pages : 163
Get Book Here
Book Description
This volume seeks to develop new narratives on China's alternative policy and challenges policy makers on gender, regional, income and wage inequalities among rural migrant workers in China. The book also looks at China's social, environmental, economic and governance policies aimed at implementing a sustainable financial and corporate system for a prosperous society. The argument that China follows 'capitalism or socialism with Chinese characteristics' emanates from the Eurocentric ideological narratives based on 'varieties of capitalism' and 'national socialism'. This book attempts to move away from the duality of ideological criticism and dichotomous defence of China based on the ideological prisms of capitalism or socialism. It rejects the flawed analysis of both sides of the ideological divide. For all its limitations within the world capitalist system, China's achievements can't be undermined. The attempt to undermine Chinese achievements is a process and a strategy to delegitimise the Chinese state, the Communist Party of China, the Chinese success story, and to hide the available alternatives from the experience of The Chinese Way. The book will be a great read to students, researchers and scholars of Chinese studies, political economy, development studies and those interested in China's economic and public policies in general.
Author: Bernard Aritua
Publisher: World Bank Publications
ISBN: 1464818495
Category : Business & Economics
Languages : en
Pages : 121
Get Book Here
Book Description
Many countries in Africa and Asia have coastlines that present opportunities for them to become gateways for trade between the hinterlands and global trading routes. However, policy makers struggle to translate this potential into engines of economic development and social transformation. In the past 40 years, China has taken advantage of its strategic geographical location and its status as one of the world’s top manufacturing regions. From a very low position on almost all metrics, today China has become home to more than half of the world’s top 50 ports. The rapid development of China’s ports was critical for the country’s remarkable economic growth. What China achieved can be informative; how and why China revived and modernized its port sector is especially relevant and provides valuable lessons for other countries. This book explores the transformation of China’s port sector through four topics and four periods, beginning with China’s major economic reforms that started in 1978. The first topic addresses the links between China’s macroeconomic and regional development strategies and development of the port sector. During this period—through about 1991—China began decentralizing port management to facilitate development of special economic zones. Thesecond topic—during the period 1992 through about 2001—is more specific about the ports and analyzes changes in port governance, including the way in which essential investments were determined and financed. Thethird topic examines the relationship of ports to the cities where they are located and to the hinterlands on which they depend—coinciding with the period 2002†“11. Domestic and international investment resulted in many new export-oriented processing factories during this period. The accompanying boost in trade required further expansion of port capacity. The fourth topic addresses how—from 2011 onward—human resource and innovation policies in the port sector have responded to changing demands as the country looks to become a less resource-dependent and more regionally balanced economy.
Author: Ali Cheshmehzangi
Publisher: Springer Nature
ISBN: 9811976732
Category : Science
Languages : en
Pages : 222
Get Book Here
Book Description
The scope of this book is to map China’s city clusters and their individual directions for the national-level strategies in line with the 2060 carbon neutrality plan. Since China announced the carbon neutrality plan in autumn 2020, no study has looked at the role of city clusters in achieving this long-term plan. Hence, this study is believed to be the first attempt to explore this important topic from the city cluster perspective. It explores the challenges, opportunities, and directions of all 19 city clusters, allowing readers to have a clear picture of China’s historical and ongoing progress, as well as the challenges and opportunities that lie ahead. In a short time, China’s city clusters have helped boost regional economic development, infrastructure development, trade and business, and better urban–rural integration. With enhanced coordination of connection and transport networks in and between the city clusters, we see a growing number of initiatives beyond just the initial economic strategies. The dual approach of top-down policies and infrastructure systems and bottom-up governance and investments has helped China consider urban–rural development strategies and regional sustainable development. These factors are essential to be explored from the city cluster perspective and in line with China’s sustainable development and carbon neutrality directions. Hence, the book covers these points holistically, ensuring that regional planning and development are favored in the face of uneven urbanization trends. We anticipate this book to be a valuable resource for local governments and authorities, urban planners and practitioners, developers, and urban researchers. While the focus is on China’s city clusters, we believe there are similar examples elsewhere. Hence, lessons learnt from this book could apply to other countries, regions, and subregions. Lastly, the book aims to put regional sustainable development at the heart of longer-term strategies and plans, such as the case of China’s carbon neutrality plan.
Author: Bei Jin
Publisher: Springer Nature
ISBN: 9811515069
Category : Social Science
Languages : en
Pages : 260
Get Book Here
Book Description
This book reviews China’s industrialization from the perspective of inclusiveness, and discusses the challenges arising from its industrialization process and how the Chinese people view and seek to overcome these challenges. By examining China’s industrialization in the context of the global economy, it reveals how China should be further integrated into and contribute to the great endeavor of worldwide industrialization and human development in the new era of economic globalization, allowing it to become a responsible stakeholder through its national rejuvenation for the benefit of the entire world.
Author: David Shambaugh
Publisher: John Wiley & Sons
ISBN: 1509507175
Category : Political Science
Languages : en
Pages : 144
Get Book Here
Book Description
China's future is arguably the most consequential question in global affairs. Having enjoyed unprecedented levels of growth, China is at a critical juncture in the development of its economy, society, polity, national security, and international relations. The direction the nation takes at this turning point will determine whether it stalls or continues to develop and prosper. Will China be successful in implementing a new wave of transformational reforms that could last decades and make it the world's leading superpower? Or will its leaders shy away from the drastic changes required because the regime's power is at risk? If so, will that lead to prolonged stagnation or even regime collapse? Might China move down a more liberal or even democratic path? Or will China instead emerge as a hard, authoritarian and aggressive superstate? In this new book, David Shambaugh argues that these potential pathways are all possibilities - but they depend on key decisions yet to be made by China's leaders, different pressures from within Chinese society, as well as actions taken by other nations. Assessing these scenarios and their implications, he offers a thoughtful and clear study of China's future for all those seeking to understand the country's likely trajectory over the coming decade and beyond.
Author: Ligang Song
Publisher:
ISBN:
Category : China
Languages : en
Pages :
Get Book Here
Book Description
