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Author: Laurence J. Brahm Publisher: John Wiley & Sons ISBN: Category : Business & Economics Languages : en Pages : 334
Book Description
China's astonishing transformation from a centrally planned to a market economy was one of the most remarkable stories of the twentieth century. It has set the stage for what many see as a period of unparalleled future growth. During this spell of delicate and risk-fraught economic transition, one defining figure stands out as the true driving force - Zhu Rongji. A remarkable visionary, Zhu has consistently refused to follow the conventional wisdom of established economics. Instead, he has developed a unique approach for a unique situation. Author Laurence Brahm tells the inside story of Zhu's rise to power, the political obstacles that he has overcome and the policies that he has engineered to set China on a new path. While other developing countries such as Russia, have floundered badly, China continues to excite the world with its phenomenal growth. Brahm skillfully argues that Zhu's policies of managed marketization deserve international recognition as a new economic model for both developing and transitional economies. In Zhu Rongji and the Transformation of Modern China, Laurence Brahm provides a fascinating inside account of the man dubbed an "economic czar" by many western commentators. This is the untold story of Zhu and his strategies, and the key events that have shaped China into a modern nation and economic powerhouse.
Author: Laurence J. Brahm Publisher: John Wiley & Sons ISBN: Category : Business & Economics Languages : en Pages : 334
Book Description
China's astonishing transformation from a centrally planned to a market economy was one of the most remarkable stories of the twentieth century. It has set the stage for what many see as a period of unparalleled future growth. During this spell of delicate and risk-fraught economic transition, one defining figure stands out as the true driving force - Zhu Rongji. A remarkable visionary, Zhu has consistently refused to follow the conventional wisdom of established economics. Instead, he has developed a unique approach for a unique situation. Author Laurence Brahm tells the inside story of Zhu's rise to power, the political obstacles that he has overcome and the policies that he has engineered to set China on a new path. While other developing countries such as Russia, have floundered badly, China continues to excite the world with its phenomenal growth. Brahm skillfully argues that Zhu's policies of managed marketization deserve international recognition as a new economic model for both developing and transitional economies. In Zhu Rongji and the Transformation of Modern China, Laurence Brahm provides a fascinating inside account of the man dubbed an "economic czar" by many western commentators. This is the untold story of Zhu and his strategies, and the key events that have shaped China into a modern nation and economic powerhouse.
Author: Laurence J. Brahm Publisher: John Wiley & Sons ISBN: Category : Business & Economics Languages : en Pages : 344
Book Description
China's astonishing transformation from a centrally planned to a market economy was one of the most remarkable stories of the twentieth century. It has set the stage for what many see as a period of unparalleled future growth. During this spell of delicate and risk-fraught economic transition, one defining figure stands out as the true driving force - Zhu Rongji. A remarkable visionary, Zhu has consistently refused to follow the conventional wisdom of established economics. Instead, he has developed a unique approach for a unique situation. Author Laurence Brahm tells the inside story of Zhu's rise to power, the political obstacles that he has overcome and the policies that he has engineered to set China on a new path. While other developing countries such as Russia, have floundered badly, China continues to excite the world with its phenomenal growth. Brahm skillfully argues that Zhu's policies of managed marketization deserve international recognition as a new economic model for both developing and transitional economies. In Zhu Rongji and the Transformation of Modern China, Laurence Brahm provides a fascinating inside account of the man dubbed an "economic czar" by many western commentators. This is the untold story of Zhu and his strategies, and the key events that have shaped China into a modern nation and economic powerhouse.
Author: John Wong Publisher: World Scientific ISBN: 1783268840 Category : Business & Economics Languages : en Pages : 347
Book Description
Following Deng Xiaoping's economic reform and opening (Gaige Kaifang) policy, China experienced unprecedented high growth for over three decades. Crucial in the process was the role of Zhu Rongji, who was hand-picked by Deng initially as Executive Vice-Premier and later full Premier to carry through the needed reform and manage the critical marketization process through the turbulent 1990s when China's economy suffered many ups and downs. Dubbed as China's 'Economic Czar', Zhu tackled many thorny problems associated with the country's then half-reformed economy ably and effectively, thereby laying the ground for subsequent periods of greater dynamic growth. Zhu was instrumental in preparing China's economy for its final take-off.The chapters in this volume were originally written as 'policy briefings' for the Singapore government from 1997 to 2003 when Zhu was Premier. They cover a wide variety of topics including how he had applied his own way of 'macroeconomic control' (Hongguan Tiaokong), how he went about reforming taxation, foreign exchange and state-owned enterprises, and finally his embrace of capitalism. Each chapter is preceded by a detailed introduction highlighting the main issues and interpreting them from today's perspective based on updated information and additional new research.
Author: Rongji Zhu Publisher: Brookings Institution Press ISBN: 081572537X Category : History Languages : en Pages : 488
Book Description
China's explosive transformation from a planned economy to a more market-oriented one over the past three decades owes much to the charismatic reformer Zhu Rongji. His pragmatism and strong work ethic have been key forces in China's drive to greater modernization and global stature. He served as the mayor and party chief in Shanghai from 1987 to 1991, as vice premier of China from 1991 to 1998, and then as premier until 2003. This monumental collection brings together, for the first time in English, over one hundred important speeches, articles, letters, and instructions written during his term as vice premier, when he had major responsibility for fulfilling Deng Xiaoping's vision and setting China on a new and fruitful course. During this time, Zhu embarked on a plan to reduce the size of government and reform the heavily indebted banking system and state-owned enterprises as well as the housing and health care systems. His sweeping efforts ranged from lobbying for the establishment of stock exchanges to revitalizing agriculture through the introduction of a modern grain market. The ramifications of these reforms are still being felt throughout China and the globe, and Zhu Rongji on the Record provides a real-time look at these plans as they were being formulated during the 1990s. These pages also reflect the forthright personality that gained great popularity with the Chinese public. Zhu vows to speak the truth and avoid "empty talk," as he tells his compatriots. "We must tackle [reform] with both hands, and both hands must be strong." To this end, he provides lists of "musts" and "mustn'ts" that will ensure a "soft landing" during China's transition and calls for swift and resolute action, both in reform and in fighting corruption. In addition to revealing the evolution of Zhu's thinking and demonstrating how he helped transform the world's most populous nation, this book provides insight into the course of China's economic refor
Author: Stephen Bell Publisher: Harvard University Press ISBN: 0674073614 Category : Business & Economics Languages : en Pages : 360
Book Description
With $4.5 trillion in total assets, the People’s Bank of China now surpasses the U.S. Federal Reserve as the world’s biggest central bank. The Rise of the People’s Bank of China investigates how this increasingly authoritative institution grew from a Leninist party-state that once jealously guarded control of banking and macroeconomic policy. Relying on interviews with key players, this book is the first comprehensive and up-to-date account of the evolution of the central banking and monetary policy system in reform China. Stephen Bell and Hui Feng trace the bank’s ascent to Beijing’s policy circle, and explore the political and institutional dynamics behind its rise. In the early 1990s, the PBC—benefitting from political patronage and perceptions of its unique professional competency—found itself positioned to help steer the Chinese economy toward a more liberal, market-oriented system. Over the following decades, the PBC has assumed a prominent role in policy deliberations and financial reforms, such as fighting inflation, relaxing China’s exchange rate regime, managing reserves, reforming banking, and internationalizing the renminbi. Today, the People’s Bank of China confronts significant challenges in controlling inflation on the back of runaway growth, but it has established a strong track record in setting policy for both domestic reform and integration into the global economy.
Author: Klaus Mühlhahn Publisher: Belknap Press ISBN: 0674737350 Category : History Languages : en Pages : 737
Book Description
“Thoughtful, probing...a worthy successor to the famous histories of Fairbank and Spence [that] will be read by all students and scholars of modern China.” —William C. Kirby, coauthor of Can China Lead? It is tempting to attribute the rise of China to Deng Xiaoping and to recent changes in economic policy. But China has a long history of creative adaptation. In the eighteenth century, the Qing Empire dominated a third of the world’s population. Then, as the Opium Wars and the Taiping Rebellion ripped the country apart, China found itself verging on free fall. More recently, after Mao, China managed a surprising recovery, rapidly undergoing profound economic and social change. A dynamic story of crisis and recovery, failure and triumph, Making China Modern explores the versatility and resourcefulness that guaranteed China’s survival, powered its rise, and will determine its future. “Chronicles reforms, revolutions, and wars through the lens of institutions, often rebutting Western impressions.” —New Yorker “A remarkable accomplishment. Unlike an earlier generation of scholarship, Making China Modern does not treat China’s contemporary transformation as a postscript. It accepts China as a major and active player in the world, places China at the center of an interconnected and global network of engagement, links domestic politics to international dynamics, and seeks to approach China on its own terms.” —Wen-hsin Yeh, author of Shanghai Splendor
Author: Stephen Roach Publisher: Yale University Press ISBN: 0300188463 Category : Business & Economics Languages : en Pages : 345
Book Description
DIVThe Chinese and U.S. economies have been locked in an uncomfortable embrace since the late 1970s. Although the relationship initially arose out of mutual benefits, in recent years it has taken on the trappings of an unstable codependence, with the two largest economies in the world losing their sense of self, increasing the risk of their turning on one another in a destructive fashion. In Unbalanced: The Codependency of America and China Stephen Roach, senior fellow at Yale University and former chairman of Morgan Stanley Asia, lays bare the pitfalls of the current China-U.S. economic relationship. He highlights the conflicts at the center of current tensions, including disputes over trade policies and intellectual property rights, sharp contrasts in leadership styles, the role of the Internet, the recent dispute over cyberhacking, and more. A firsthand witness to the Asian financial crisis of the late 1990s, Roach likely knows more about the U.S.-China economic relationship than any other Westerner. Here he discusses: /div Why America saving too little and China saving too much creates mounting problems for both How China is planning to re-boot its economic growth model by moving from an external export-led model to one of internal consumerism with a new focus on service industries How America, shows a disturbing lack of strategy, preferring a short-term reactive approach over a more coherent Chinese-style planning framework The way out: what America could do to turn its own economic fate around and position itself for a healthy economic and political relationship with China In the wake of the 2008 crisis, both unbalanced economies face urgent and mutually beneficial rebalancings. Unbalanced concludes with a recipe for resolving the escalating tensions of codependence. Roach argues that the Next China offers much for the Next America—and vice versa.
Author: David Zweig Publisher: Taylor & Francis ISBN: 0415547032 Category : China Languages : en Pages : 257
Book Description
Written by an international team of experts, this important and interesting text gives vital insights into China's likely development and international influence in the next decade.
Author: Yongnian Zheng Publisher: John Wiley & Sons ISBN: 1118538013 Category : History Languages : en Pages : 286
Book Description
Using new research and considering a multidisciplinary set of factors, Contemporary China offers a comprehensive exploration of the making of contemporary China. Provides a unique perspective on China, incorporating newly published materials from within and outside China, in English and Chinese. Discusses both the societal and economic aspects of China’s development, and how these factors have affected Chinese elite politics Includes coverage of recent political scandals such as the dismissal of Bo Xilai and the intrigue surrounding the 18th National Congress elections in late 2012 Discusses the reasons for—and ramifications of—the gap that exists between western perceptions of China and China itself
Author: James Stent Publisher: Oxford University Press ISBN: 0190497033 Category : Business & Economics Languages : en Pages : 305
Book Description
China's Banking Transformation describes the strengths and weaknesses of the Chinese banking system based on the author's 12 years serving on two Chinese bank boards. Acknowledging the challenges banks face, the book challenges conventional views, maintaining that China's banks now function well within China's market socialist political economy, and within China's traditional collectivist cultural world.
Author: Laurence J. Brahm
Author: Laurence J. Brahm
Author: Laurence J. Brahm
Author: John Wong
Author: Rongji Zhu
Author: Stephen Bell
Author: Klaus Mühlhahn
Author: Stephen Roach
Author: David Zweig
Author: Yongnian Zheng
Author: James Stent