Author: U.S.-China Economic and Security Review CommissionPublisher:
ISBN:
Category : China
Languages : en
Pages : 196
Book Description
Contains testimony and prepared statements by various experts, as well as remarks by members of the Commission.
China's Growth as a Regional Economic Power
Author: U.S.-China Economic and Security Review CommissionPublisher:
ISBN:
Category : China
Languages : en
Pages : 196
Book Description
Contains testimony and prepared statements by various experts, as well as remarks by members of the Commission.
China's Economic Rise
Author: Congressional Research ServicePublisher: Createspace Independent Publishing Platform
ISBN: 9781976466953
Category :
Languages : en
Pages : 52
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.
China's Growth as a Regional Economic Power
Author: U.S.-China Economic and Security Review CommissionPublisher:
ISBN:
Category : China
Languages : en
Pages : 187
Book Description
China's Growth As A Regional Economic Power: Impacts and Implications, December 4, 2003, *
Author: China's Growth as a Regional Economic Power Impacts and Implications
Author: June Teufel DryerPublisher:
ISBN: 9780756739478
Category :
Languages : en
Pages : 187
Book Description
Witnesses: Bates Gill, Freeman Chair in China Studies, CSIS; John Tkacik, Jr., Heritage Fnd.; Wing Thye Woo, Univ. of Calif. at Davis, and E. Asia Program, Center for Globalization and Sustainable Dev't., Columbia Univ.; Merritt Cooke, Sr. Foreign Policy Res. Inst., and GC3 Strategy Inc.; Peter Chow, City College and Grad. Center, City Univ. of N.Y.; Edward Lincoln, Council of Foreign Relations; L. Gordon Flake, Maureen and Mike Mansfield Fdn.; Naoko Munakata, Sr., Res. Inst. of Econ. Trade and Ind., Japan Visiting Scholar, Sigur Center for Asian Studies, George Wash. Univ.; Wang Gungwu, Nat. Univ. of Singapore; David Steinberg, School of Foreign Service, Georgetown Univ.; Martha Blaxall, School of Advanced Internat. Studies; and Rollie Lal, RAND Corp.
108-1 Hearing: China's Growth As A Regional Economic Power: Impacts and Implications, December 4, 2003, *
Author: Global China
Author: Tarun ChhabraPublisher: Brookings Institution Press
ISBN: 0815739176
Category : Political Science
Languages : en
Pages : 430
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.
Engaging China
Author: Alastair Iain JohnstonPublisher: Routledge
ISBN: 1134619405
Category : Political Science
Languages : en
Pages : 335
Book Description
Engaging China is one of the first books to look at the responses of major international powers to the recent economic growth of China. Anyone interested in the financial fortunes of the Asia-Pacific region cannot afford to ignore the rise of China as an economic power since the 1970s. Economic growth coupled with increased military capability and spreading nationalism have gradually enhanced Chinas international profile. In an interesting mix of the empirical and theoretical, case studies from United States, Japan, Singapore, Taiwan, Korea, Malaysia and Indonesia illustrate Chinas developing position in the Asia-Pacific.
Micro-analysis Of Regional Economy In China, The: A Perspective Of Firm Relocation
Author: Houkai WeiPublisher: World Scientific
ISBN: 9814452270
Category : Business & Economics
Languages : en
Pages : 379
Book Description
The book presents the comprehensive research findings on the basic features, formation mechanisms and evolution laws of Chinese enterprise migration, from the micro-perspective of enterprise migration; and on this basis, the influences from enterprise migration on industrial agglomeration and diffusion as well as the evolution of regional economy. The migration trends, power mechanisms, determining factors, structural and spatial effects of Chinese manufacturing industry have also been studied. The author also puts forward policy advice on the themes above, such as the central government should pay more attention to the fairness goals in the market economy framework; some policies should be improved to positively and reasonably guide and regulate firm relocation in China, for example, enterprises from Chinese coastal areas should be encouraged to move to the mid and west areas; the industrialization and urbanization in mid and west areas should be accelerated; the economic development should be geared to the bearing capacity of natural resources and environment; industries and economic activities should be promoted to agglomerate effectively in metropolitan regions.This book provides a comprehensive analysis on the relocation of enterprises in China, as well as the situation of China's regional economic development. The author, Wei Houkai, as an authoritative economist on regional development of China, completed his detailed survey on China's regional economy from this perspective of enterprise relocation, together with his research group. This book, doubtlessly, provides a valuable opportunity for readers in English world to obtain the realistic and rational messages about what is happening in China in certain domains. The author, whose policy advice has always been adopted by the government of China, raises some significant viewpoints based on his distinctive insight, which may be influencing the regional development route in China.
Regional Development and Economic Growth in China
Author: Yanrui WuPublisher: World Scientific
ISBN: 9814439851
Category : Political Science
Languages : en
Pages : 350
Book Description
China has enjoyed unprecedented high economic growth for three decades. This growth has however been unbalanced and has led to some serious consequences which Chinese policy makers are now trying to rectify. One of the consequences is the deterioration of regional disparity which is threatening the stability of the Chinese society and hence the sustainability of current high economic growth in the country. This edited volume on China''s regional development and economic growth is hence timely and contains a collection of the latest research reports in this field. The authors represent a distinguished group of economists in Australia, China, Japan and Vietnam who are actively engaged in research of the Chinese economy. The topics addressed in the chapters cover important regional issues such as inequality, distribution of the creative class, FDI and industrial policies. Specifically, this volume aims to examine selected issues associated with China''s regional development, economic growth and FDI, and China and its neighboring economies. The findings will contribute to current economic policy debates.