China as a Leader of the World Economy PDF Download

Author: Gregory C. Chow
Publisher: World Scientific
ISBN: 9814368792
Category : Business & Economics
Languages : en
Pages : 232

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Book Description
After the 1978 Economic Reform, China's economic development has been on a fast track ever since. Later on, the successful accession into the WTO in 2001 accelerated China's economic transformation and made it more integrated with the world. Today, as the second-largest economy in the world, China has earned herself a leading role on the world stage beyond dispute. This book provides readers with answers to why and how China functions as a leader in the world economy. The book surveys China's economy in four parts economic institutions, economic problems, important economic policies and selective economic analysis, especially including many hot issues like revaluation of the Reminbi, China's high inflation rate and its relations with other emerging markets, etc. These essays are the author's latest research findings from his close and constant observation and research on China's economy in the past 30 years, and have been published in China's newspapers with a large number of readers. Meanwhile, this book is written in a manner that is thorough and objective without being too technical. It could serve as a reference book for professionals as the treatment of many topics is original and illuminating, and as an authoritative guide for general readers who are eager to understand China's economic development better and get an idea of China's economic future.

Author: Gregory C. Chow
Publisher: World Scientific
ISBN: 9814368814
Category : Business & Economics
Languages : en
Pages : 232

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Book Description
Pt. 1. Economic institutions. ch. 1. Introduction: an overview of China's economy. ch. 2. Three important players of China's economy. ch. 3. Is Chinese capitalism different? ch. 4. Economic planning in China. ch. 5. Role of economists in China's economic development. ch. 6. Free to choose in China. ch. 7. Chinese and American economic institutions reflecting cultural differences. ch. 8. Outflow of capital and China's diplomacy. ch. 9. Economic relations between Brazil and China. ch. 10. India's model of rapid economic development. ch. 11. Will the Russian economy grow rapidly? ch. 12. Comparing economic developments in Taiwan and mainland China -- pt. 2. Economic issues. ch. 13. Problems facing the Chinese economic system. ch. 14. Directions for economics education and research in China. ch. 15. Important lessons from studying the Chinese economy. ch. 16. US housing bubble and economic downturn. ch. 17. Will consumption expenditures in China increase rapidly? ch. 18. From Guangzhou Opera House to issues of economic development. ch. 19. Lessons from the current American great recession -- pt. 3. Economic policies. ch. 20. How to improve university education in China? ch. 21. How to manage a university well? ch. 22. How to improve the efficiency of state enterprises? ch. 23. Carry out the open door policy further. ch. 24. How to stop inflation in China? ch. 25. How to solve the problems of China's inflation and the American recession? ch. 26. China's aging population. ch. 27. China's environmental policy: a critical survey -- pt. 4. Quantitative economic studies. ch. 28. Note on a model of Chinese national income determination. ch. 29. Lessons from studying a simple macroeconomic model for China. ch. 30. Shanghai stock price movements reflecting China's globalization. ch. 31. Co-movements of Shanghai and New York stock prices by time-varying regressions

Author: Clyde Prestowitz
Publisher: Yale University Press
ISBN: 0300248490
Category : Political Science
Languages : en
Pages : 343

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Book Description
An authority on Asia and globalization identifies the challenges China's growing power poses and how it must be confronted When China joined the World Trade Organization in 2001, most experts expected the WTO rules and procedures to liberalize China and make it "a responsible stakeholder in the liberal world order." But the experts made the wrong bet. China today is liberalizing neither economically nor politically but, if anything, becoming more authoritarian and mercantilist. In this book, notably free of partisan posturing and inflammatory rhetoric, renowned globalization and Asia expert Clyde Prestowitz describes the key challenges posed by China and the strategies America and the Free World must adopt to meet them. He argues that these must be more sophisticated and more comprehensive than a narrowly targeted trade war. Rather, he urges strategies that the United States and its allies can use unilaterally without contravening international or domestic law.

Author: C. Fred Bergsten
Publisher: John Wiley & Sons
ISBN: 1509547363
Category : Political Science
Languages : en
Pages : 293

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Book Description
After leading the world economy for a century, the United States faces the first real challenge to its supremacy in the rise of China. Is economic (or broader) conflict, well beyond the trade and technology war that has already erupted, inevitable between the world’s two superpowers? Will their clash produce a new economic leadership vacuum akin to the 1930s, when Great Britain was unable to play its traditional leadership role and a rising United States was unwilling to step in to save the global order? In this sweeping and authoritative analysis of the competition for global economic leadership between China and the United States, C. Fred Bergsten warns of the disastrous consequences of hostile confrontation between these two superpowers. He paints a frightening picture of a world economy adopting Chinese characteristics, in which the United States, after Trump abdicated much of its role, engages in a self-defeating attempt to “decouple” from its rival. Drawing on more than 50 years of active participation as a policymaker and close observation as a scholar, Bergsten calls on China to exercise constructive global leadership in its own self-interest and on the United States to reject a policy of containment, avoid a new Cold War, and instead pursue “conditional competitive cooperation” to work with its allies, and especially China, to lead, rather than destroy, the world economy.

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: Jacques deLisle
Publisher: Brookings Institution Press
ISBN: 0815737262
Category : Business & Economics
Languages : en
Pages : 290

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Book Description
" In 1978, China launched economic reforms that have resulted in one of history’s most dramatic national transformations. The reforms removed bureaucratic obstacles to economic growth and tapped China’s immense reserves of labor and entrepreneurial talent to unleash unparalleled economic growth in the country. In the four decades since, China has become the world’s second-largest economy after the United States, and a leading force in international trade and investment. As the contributors to this volume show, China also faces daunting challenges in sustaining growth, continuing its economic ransformation, addressing the adverse consequences of economic success, and dealing with mounting suspicion from the United States and other trade and investment partners. China also confronts risks stemming from the project to expand its influence across the globe through infrastructure investments and other projects under the Belt and Road Initiative. At the same time, China’s current leader, Xi Jinping, appears determined to make his own lasting mark on the country and on China’s use of its economic clout to shape the world around it. "

Author: Tarun Chhabra
Publisher: Brookings Institution Press
ISBN: 0815739176
Category : Political Science
Languages : en
Pages : 430

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Book Description
The global implications of China's rise as a global actor In 2005, a senior official in the George W. Bush administration expressed the hope that China would emerge as a “responsible stakeholder” on the world stage. A dozen years later, the Trump administration dramatically shifted course, instead calling China a “strategic competitor” whose actions routinely threaten U.S. interests. Both assessments reflected an underlying truth: China is no longer just a “rising” power. It has emerged as a truly global actor, both economically and militarily. Every day its actions affect nearly every region and every major issue, from climate change to trade, from conflict in troubled lands to competition over rules that will govern the uses of emerging technologies. To better address the implications of China's new status, both for American policy and for the broader international order, Brookings scholars conducted research over the past two years, culminating in a project: Global China: Assessing China's Growing Role in the World. The project is intended to furnish policy makers and the public with hard facts and deep insights for understanding China's regional and global ambitions. The initiative draws not only on Brookings's deep bench of China and East Asia experts, but also on the tremendous breadth of the institution's security, strategy, regional studies, technological, and economic development experts. Areas of focus include the evolution of China's domestic institutions; great power relations; the emergence of critical technologies; Asian security; China's influence in key regions beyond Asia; and China's impact on global governance and norms. Global China: Assessing China's Growing Role in the World provides the most current, broad-scope, and fact-based assessment of the implications of China's rise for the United States and the rest of the world.

Author: W. John Hoffmann
Publisher: John Wiley & Sons
ISBN: 0470822449
Category : Business & Economics
Languages : en
Pages : 339

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Book Description
China has become one of the most important forces in the world today, and this book combines views of her internal and external political relations, of the fundamentals of her economic development, and of the political, social and economic pressures that will influence her future.

Author: Everest Media,
Publisher: Everest Media LLC
ISBN: 1669356833
Category : Political Science
Languages : en
Pages : 54

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Book Description
Please note: This is a companion version & not the original book. Sample Book Insights: #1 China’s pandemic diplomacy is not just about responding to a humanitarian crisis, but about challenging the position of the United States as the world’s dominant power. #2 Xi’s strategy reflects his domestic governance model: a highly centralized Party-state system that takes as its central priority preservation of its own power at home and realization of its sovereignty ambitions abroad. It is a system that grants Xi a unique capability to mobilize and deploy political, economic, and military resources across multiple domains. #3 China’s robust response to the coronavirus marked a defining moment in Xi Jinping’s almost decade-long drive to reclaim Chinese centrality on the global stage. He and the rest of the Chinese leadership are not satisfied with their country’s position within the international system, the values and policy preferences that the system embodies, how power is distributed, and how decisions are made. #4 China’s leaders want to reclaim their country’s centrality on the global stage. They believe that the last two centuries in which China was not the dominant global economy were an historical aberration. The current period, in which China’s economy will soon surpass that of the United States, will mark a return to its rightful place.

Author: Elizabeth Economy
Publisher: Oxford University Press
ISBN: 0190866071
Category : POLITICAL SCIENCE
Languages : en
Pages : 361

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Book Description
After three decades of reform and opening up, China is closing its doors, clamping down on Western influence in the economy, media, and civil society. At the same time, President Xi Jinping has positioned himself as a champion of globalization, projecting Chinese power abroad and seeking toreshape the global order. Herein lies the paradox of modern China - the rise of a more insular, yet more ambitious China that will have a profound impact on both the country's domestic politics and its international relations.In The Third Revolution, eminent China scholar Elizabeth Economy provides an incisive look at the world's most populous country. Inheriting a China burdened with slowing economic growth, rampant corruption, choking pollution, and a failing social welfare system, President Xi has reversed course,rejecting the liberalizing reforms of his predecessors. At home, the Chinese leadership has reasserted the role of the state into society and enhanced Party and state control. Beyond its borders, Beijing has recast itself as a great power and has maneuvered itself to be an arbiter - not just aplayer - on the world stage. Through an exploration of Xi Jinping's efforts to address top policy priorities - fighting corruption, controlling the internet, reforming state-owned enterprises, improving the country's innovation capacity, reducing the country's air pollution, and elevating itspresence on the global stage - Economy identifies the tensions, shortcomings, and successes of Xi's first five years in office. Xi's ambition, she argues, provides new opportunities for the United States and the rest of the world to encourage greater Chinese contribution to global public goods butalso necessitates a more proactive and coordinated effort to counter the rapidly expanding influence of an illiberal power within a liberal world order. This is essential reading for anyone interested in both China under Xi and how America and the world should deal with this vast nation in thecoming years.