China's Growth as a Regional Economic Power PDF Download

Author: U.S.-China Economic and Security Review Commission
Publisher:
ISBN:
Category : China
Languages : en
Pages : 196

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Book Description
Contains testimony and prepared statements by various experts, as well as remarks by members of the Commission.

Author: U.S.-China Economic and Security Review Commission
Publisher:
ISBN:
Category : China
Languages : en
Pages : 312

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Book Description

Author: U.S.-China Economic and Security Review Commission
Publisher:
ISBN:
Category : China
Languages : en
Pages : 304

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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: Aoyama Rumi
Publisher: Paths International Ltd
ISBN: 1844640515
Category : Political Science
Languages : en
Pages : 397

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Book Description
Based on research financed by the Ford Foundation this book brings together the work of scholars and experts from China and adjacent countries providing an insight into China's regional relations from different angles and perspectives.

Author: Lu Jianren
Publisher: Paths International Ltd
ISBN: 1844640531
Category : Foreign Language Study
Languages : en
Pages : 66

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Book Description
Based on research financed by the Ford Foundation this book brings together the work of scholars and experts from China and ASEAN countries providing a detailed insight into China's relations with The Association of South East Nations. This ebook is also available within China: Making New Partnerships - A Rising China and its Neighbors.

Author: Ulric Killion
Publisher: Nova Publishers
ISBN: 9781594549052
Category : History
Languages : en
Pages : 268

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Book Description
This book begins, and perhaps should end, with an excerpt from the writings of the late eminent Chinese scholar, Fung Yu-lan (or Feng Youlan) (1895-1990), who wrote: "The ancient Chinese culture is an inherent factor determining the Chinese style.". If the latter enunciation of Fung Yu-lan stirs one's interest in Chinese culture for the typical reasons, such as, an interest in ancient periods of China; romanticism, which focuses on the exotic and mysterious, for example, Zen Buddhism and Taoism; or simply as the source of exotic objets d'art, then all the better. Because for a typical Westerner bound in Western conventionalism and parochialism, engendering an understanding of the policies and practices of the People's Republic of China (China) necessitates understanding a modern China in light of Chinese traditional culture (or philosophy), or a China in antiquity. The consequence of Chinese traditional culture affects many political economy concerns of modern China, ranging from socio-economic, political, to international trade and other concerns. Indeed, philosophical antecedents influence modern Chinese policies and practices.

Author: Jian Chen
Publisher: Routledge
ISBN: 1134264003
Category : Business & Economics
Languages : en
Pages : 551

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Book Description
Presenting original work and new thinking on a wide range of important issues, the book explores the current state of globalization, competition and growth in China. China has produced an economic miracle since the late 1970s in its transition from a planned to a market economy. This remarkable economic performance was brought about by an open-door policy and gradual integration with the world economy, culminating in China’s admission into the World Trade Organisation in 2001. Studies included in this book focus on issues such as foreign direct investment, international trade, reforms in the financial sector, the development of rural township and village enterprises, the investment strategies of multinational corporations, and economic growth.

Author: N. S. Sisodia
Publisher: Bibliophile South Asia
ISBN: 9788185002767
Category : Political Science
Languages : en
Pages : 168

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Book Description
Contributed articles at a round table conference held at New Delhi on March 14-15, 2005.

Author: Naoko Munakata
Publisher: Rowman & Littlefield
ISBN: 0815758863
Category : Business & Economics
Languages : en
Pages : 281

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Book Description
A Brookings Institution Press and the Research Institute of Economy, Trade, and Industry (Japan) publication East Asian economic integration is on the rise. In the past decade, all of the region's powers have begun negotiating free trade agreements with their neighbors. They are also exploring broader regional options, such as the creation of an East Asian summit or free trade area. These developments have not always been welcomed by observers in other parts of the world. Some fear that they mark a turn away from integration into the global economy and herald the emergence of a closed, inward-looking bloc. In this timely and important book, Naoko Munakata offers an alternative perspective, based on her experience as an economic official and trade negotiator over the past 20 years. East Asian integration, she argues, is not driven by defensiveness or anti-Western sentiment. Instead, it reflects pragmatic calculations of economic interest, as well as a desire for mutual trust and a sense of community. Munakata makes her case by analyzing developments in the region since the mid-1980s, highlighting such important factors as the evolution of Asia-Pacific Economic Cooperation (APEC), the impact of the 1997–98 Asian financial crisis, and the rise of China. She also outlines possible future scenarios for the region and offers policy prescriptions for building on regionalism's achievements to date. Over the coming decades, the rise of China, its relationship with Japan, and the institutional arrangements that bind those countries to the United States and the countries of East and Southeast Asia will become critical factors in the global balance of power. Transforming East Asia is essential reading for anyone seeking to understand the roots of this transformation.