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Author: Giovanni B. Andornino
Publisher:
ISBN:
Category :
Languages : en
Pages : 9
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Book Description
Author: Giovanni B. Andornino
Publisher:
ISBN:
Category :
Languages : en
Pages : 9
Get Book Here
Book Description
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: 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: Lai-Ha Chan
Publisher: World Scientific
ISBN: 9814299294
Category : Political Science
Languages : en
Pages : 350
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Book Description
This edited volume, China at 60, explores the interactions between China and the world, over the course of 60 years of Communist Party rule since 1949 and the impact of these interactions on China's domestic development. To understand China's development experience and its transformation, it is necessary to examine the trajectory of development from pre-reform to post-reform periods. While the book may concur with previous findings on the changing development of China under economic reform, more importantly, it demonstrates the areas of continuity of the PRC's existence over the entire six decades. To that end, a dual theme ? change-and-continuity and global-local interactions on China's development ? is adopted to assess the historical development of China's policies in various issueareas over the past 60 years. The focus is chiefly on the domestic impacts of China's increasing engagement with the world, the global implications of China's reform efforts and growing power, and the long-lasting uniqueness of this rising non-European nation.The book brings together a team of international experts to share their perspectives on global-local interactions within a range of different topics, including foreign policy, domestic politics, macroeconomic policy, the central-local relations, the People's Liberation Army, public health, energy security, finance and banking, foreign trade, and intellectual property rights, as well as changes in the state's policies towards interest groups such as ethnic minorities and women.
Author: William C. Kirby
Publisher: BRILL
ISBN: 1684171210
Category : History
Languages : en
Pages : 432
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Book Description
In 2009 the Fairbank Center for Chinese Studies convened a major conference to discuss the health and longevity of China’s ruling system and to consider a fundamental question: After three decades of internal strife and turmoil, followed by an era of reform, entrepreneurialism, and internationalization, is the PRC here for the dynastic long haul? Bringing together scholars and students of China from around the world, the gathering witnessed an energetic exchange of views on four interrelated themes: polities, social transformations, wealth and well-being, and culture, belief, and practice. Edited and expanded from the original conference papers, the wide-ranging essays in this bilingual volume remain true to the conference’s aim: to promote open discussion of the past, present, and future of the People’s Republic of China.
Author: William C. Kirby
Publisher: Harvard University Press
ISBN: 9780674060647
Category : China
Languages : en
Pages : 0
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Book Description
To mark the sixtieth anniversary of the PRC, the Fairbank Center for Chinese Studies convened a conference to consider this question: After three decades of internal strife, followed by reform, entrepreneurialism, and internationalization, is the PRC here for the dynastic long haul? This volume presents an energetic exchange of views on the topic.
Author: Rush Doshi
Publisher: Oxford University Press
ISBN: 0197527876
Category : Political Science
Languages : en
Pages : 433
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Book Description
For more than a century, no US adversary or coalition of adversaries - not Nazi Germany, Imperial Japan, or the Soviet Union - has ever reached sixty percent of US GDP. China is the sole exception, and it is fast emerging into a global superpower that could rival, if not eclipse, the United States. What does China want, does it have a grand strategy to achieve it, and what should the United States do about it? In The Long Game, Rush Doshi draws from a rich base of Chinese primary sources, including decades worth of party documents, leaked materials, memoirs by party leaders, and a careful analysis of China's conduct to provide a history of China's grand strategy since the end of the Cold War. Taking readers behind the Party's closed doors, he uncovers Beijing's long, methodical game to displace America from its hegemonic position in both the East Asia regional and global orders through three sequential "strategies of displacement." Beginning in the 1980s, China focused for two decades on "hiding capabilities and biding time." After the 2008 Global Financial Crisis, it became more assertive regionally, following a policy of "actively accomplishing something." Finally, in the aftermath populist elections of 2016, China shifted to an even more aggressive strategy for undermining US hegemony, adopting the phrase "great changes unseen in century." After charting how China's long game has evolved, Doshi offers a comprehensive yet asymmetric plan for an effective US response. Ironically, his proposed approach takes a page from Beijing's own strategic playbook to undermine China's ambitions and strengthen American order without competing dollar-for-dollar, ship-for-ship, or loan-for-loan.
Author: Wayne M. Morrison
Publisher: DIANE Publishing
ISBN: 1437927629
Category : History
Languages : en
Pages : 36
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Book Description
Since the initiation of economic reforms and trade liberalization 30 years ago, China has been one of the world¿s fastest-growing economies and has emerged as a major economic and trade power. China¿s economy and economic policies are of major concern to many U.S. policymakers. Contents of this report: Most Recent Developments; An Overview of China¿s Economic Development; Measuring the Size of China¿s Economy; Foreign Direct Investment in China; China¿s Trade Patterns; China¿s Growing Overseas Direct Investment; Major Long-Term Challenges Facing the Chinese Economy; Fallout From the Current Global Financial Crisis. Charts and tables.
Author: Robert S. Ross
Publisher: Georgetown University Press
ISBN: 1626162999
Category : Political Science
Languages : en
Pages : 329
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Book Description
Since becoming president of China and general secretary of the Chinese Communist Party, Xi Jinping has emerged as China's most powerful and popular leader since Deng Xiaoping. The breathtaking economic expansion and military modernization that Xi inherited has convinced him that China can transform into a twenty-first-century superpower. In this collection, leading scholars from the United States, Asia, and Europe examine both the prospects for China's continuing rise and the emergent and unintended consequences posed by China's internal instability and international assertiveness. Contributors examine domestic challenges surrounding slowed economic growth, Xi's anti-corruption campaign, and government efforts to maintain social stability. Essays on foreign policy range from the impact of nationalist pressures on international relations to China’s heavy-handed actions in the South China Sea that challenge regional stability and US-China cooperation. The result is a comprehensive analysis of current policy trends in Xi's China and the implications of these developments for his nation, the United States, and Asia-Pacific.
Author: Shirley A. Kan
Publisher: DIANE Publishing
ISBN: 1437988083
Category : History
Languages : en
Pages : 86
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Book Description
Despite apparently consistent statements in 4 decades, the U.S. ¿one China¿ policy concerning Taiwan remains somewhat ambiguous and subject to different interpretations. Apart from questions about what the ¿one China¿ policy entails, issues have arisen about whether U.S. Presidents have stated clear positions and have changed or should change policy, affecting U.S. interests in security and democracy. Contents of this report: (1) U.S. Policy on ¿One China¿: Has U.S. Policy Changed?; Overview of Policy Issues; (2) Highlights of Key Statements by Washington, Beijing, and Taipei: Statements During the Admin. of Nixon, Ford, Carter, Reagan, George H. W. Bush, Clinton, George W. Bush, Clinton, and Obama. A print on demand report.
