Economic Development and Reform Deepening in China

Economic Development and Reform Deepening in China

This book, together with Macro-control and Economic Development in China is a collection of papers written in recent years about maintaining economic growth, managing inflation, the relationship between growth and structural adjustment, ...

Author: Jiagui Chen

Publisher: Routledge

ISBN: 9781317482772

Category: Business & Economics

Page: 252

View: 905

This book, together with Macro-control and Economic Development in China is a collection of papers written in recent years about maintaining economic growth, managing inflation, the relationship between growth and structural adjustment, control of price growth, maintaining stable economic development, and other relevant aspects of macro-control, economic development, and deepening reform. Chinese government adopts many of the recommendations put forward by the book.
Categories: Business & Economics

Deepening Reform for China s Long term Growth and Development

Deepening Reform for China   s Long term Growth and Development

The recent China update books have covered the topic of reform from different angles and this new book is another attempt to address this important issue.

Author: Ligang Song

Publisher: ANU E Press

ISBN: 9781925021776

Category: Business & Economics

Page: 567

View: 287

The Chinese economy has entered a new phase of development in which sources of growth are not so much dependent upon pure increases in labour, investment and credit expansion, but from productivity improvement, structural changes, technological progress and the benefits from improvement of the social security and welfare improvement. When market functions are fully established to become a main channel for allocating resources, the entrepreneurship will flourish engaging in more innovative activities, workers will move more freely and have more incentives to improve their skills, firms will become more productive through market entry and exit, the economic structure will become more balanced because of the improved resource allocation, and in the end, growth will become more spontaneous and sustainable. In this sense, reforms could deliver ‘dividend’ by raising China’s potential economic growth rates. For China to confront all the challenges it faces at present, the reforms undertaken now have to be deep, comprehensive and far-reaching in order to succeed in paving the way for China to complete the task of transformation in the long-term. There is no better alternative than deepening the market-oriented reform in advancing the course of China’s modernisation for future development and prosperity and lifting China to the status of a developed economy in the next two decades. The recent China update books have covered the topic of reform from different angles and this new book is another attempt to address this important issue.
Categories: Business & Economics

Macro control and Economic Development in China

Macro control and Economic Development in China

This book, together with Economic Development and Reform Deepening in China is a collection of papers written in recent years about maintaining economic growth, managing inflation, the relationship between growth and structural adjustment, ...

Author: Jiagui Chen

Publisher: Routledge

ISBN: 9781317482802

Category: Business & Economics

Page: 190

View: 220

This book, together with Economic Development and Reform Deepening in China is a collection of papers written in recent years about maintaining economic growth, managing inflation, the relationship between growth and structural adjustment, control of price growth, maintaining stable economic development, and other relevant aspects of macro-control, economic development, and deepening reform. Chinese government adopts many of the recommendations put forward by the book.
Categories: Business & Economics

Facing the Era of Great Transformation

Facing the Era of Great Transformation

This book collects essays from Chinese economic sage who was the mastermind of the reform and opening and persistent champion of market-driven development.

Author: Wu Jinglian

Publisher: Springer Nature

ISBN: 9789811576911

Category: Business & Economics

Page: 294

View: 713

​This book collects essays from Chinese economic sage who was the mastermind of the reform and opening and persistent champion of market-driven development. In the essays, he outlines his vision of the systemic reform needed for today's China, from rule of law to completion of the market system and reform of state-owned enterprises. Dr. Wu's thoughts are always of interest, but at this pivotal moment of Chinese economic recalibration, his views will be of more value than ever, to scholars, economists, journalists, and those in civil society.
Categories: Business & Economics

The Logic of Economic Reform in China

The Logic of Economic Reform in China

This book provides a historical overview of Chinese economic reform over the past 30 years.

Author: Xiaojing Zhang

Publisher: Springer

ISBN: 9783662474044

Category: Business & Economics

Page: 200

View: 563

This book provides a historical overview of Chinese economic reform over the past 30 years. From the genesis of the reform to the gradual improvement of the market system, and then to the re-start of the critical stage of the reform, this book includes not only research on the reform process, but also detailed descriptions of the key areas of reform since the Third Plenary Session of the 18th CPC Central Committee. On this basis, the author develops six logics for Chinese economic reform. Firstly, reform is cyclical, moving between rapid advances and deadlock; this calls upon us to re-examine the common view of reform. Secondly, reform is systematic; it cannot succeed without supporting reforms in other fields. Thirdly, the relationship between reform, development and stability should be properly handled. This “trinity” is quite different from the perspective of western mainstream theory, which puts too much emphasis on efficiency. Fourthly, the success of Chinese reform was not achieved by chance. The reform practice is based on the theoretical logic, and also goes beyond the debate between progressive and radical modes. Fifthly, the Top-level Design should be combined with “crossing the river by moving from stone to stone,” i.e., the theoretical basis of reform should be combined with reform practice. Sixthly and lastly, the ongoing reform in China must be understood in the contexts of global competition and reform competition.
Categories: Business & Economics

China

China

China has made some remarkable achievements during the first three decades of economic reform and opening up, rising to become one of the world's most dynamic and globally-integrated market economies.

Author: Ross Garnaut

Publisher: ANU E Press

ISBN: 9781921666292

Category: Business & Economics

Page: 399

View: 202

China has made some remarkable achievements during the first three decades of economic reform and opening up, rising to become one of the world's most dynamic and globally-integrated market economies. Yet there remains much unfinished business on the reform and development agenda, coupled with newly emerging challenges. CHINA: THE NEXT TWENTY YEARS OF REFORM AND DEVELOPMENT highlights how the deepening of reforms in critical areas such as domestic factor markets, the exchange rate regime and the health system, combined with the strengthening of channels for effective policy implementation, will enable China to cope with the challenges that lie ahead. These include responding to the pending exhaustion of the unlimited supply of labour; playing a constructive role in reducing global trade imbalances; enhancing firms' ability to innovate; coping with migration, urbanisation and rising inequalities on scales unknown in world history; and dealing with rising energy and metal demand in an era in which low-carbon growth has become a necessity rather than a choice.
Categories: Business & Economics

Economic Lessons from China s Forty Years of Reform and Opening up

Economic Lessons from China   s Forty Years of Reform and Opening up

This book first shows that the past 40 years of China's economic reform and opening up represents the greatest magnitude of economic growth in history.

Author: David Daokui Li

Publisher: Springer Nature

ISBN: 9789813345201

Category: Business & Economics

Page: 251

View: 293

This book first shows that the past 40 years of China's economic reform and opening up represents the greatest magnitude of economic growth in history. Based on field trips, extensive and intensive interviews and literature surveys, this book argues that there are five general lessons for a rapid growing economy from China's economic reform and opening up, all in the area of the relationship between the government and the economy. First, the local governments need to be incentivized to help rapid entry and development of enterprises. Second, local governments need to be incentivized to help rapid land conversion from agricultural to non-agricultural. Third, financial deepening is vital; that is, inducing households to hold more and more financial assets in local currency. Financial deepening is essential to convert savings into investments. This requires financial stability, which is crucial. Fourth, the learning through opening up is the key to endogenous economic growth. The fundamental benefit of opening up is learning rather than enjoying comparative advantage. The fifth and final lesson from China is that the central government must proactively manage the macroeconomy. The rationale is that enterprises compete with each other in games of industrial organization. In order to resolve this problem, proactive measures including market-oriented means, administrative orders and reform measures should be implemented. Overall, the main lesson from China's past 40 years of reform and opening up is that proper incentives and behavior of the government, local and central, are important for economic growth. China has been conducting reforms in this regard and as a result, the government more or less has been playing the role of a "helping hand" regarding economic growth, although China's economic system is far from perfect and many reforms are still needed.
Categories: Business & Economics

China s Economic Reform

China   s Economic Reform

This book examines China’s experience on economic reform, trying to find the reasons for the sustainable and rapid development and provide insights into the study of economic theories.

Author: Zhang Yu

Publisher: Routledge

ISBN: 9781351613118

Category: Business & Economics

Page: 164

View: 101

China’s growth miracle over the past 30 years has propelled it to become the world’s second largest economy and potentially the largest in the following years. This book examines China’s experience on economic reform, trying to find the reasons for the sustainable and rapid development and provide insights into the study of economic theories. From the perspective of political economics, this book elaborates on China’s socialist market economy which was officially confirmed as the goal of the country’s economic reform in 1992. It expounds on China’s economic model, the relationship between socialism and market economy, as well as the establishment and improvement of socialist market economy in China, deepening the studies in the laws governing China’s economic development. Then, it explores the gradual reform, the reform of state-owned enterprises, and the relationship between governments and market, all of which are crucial to the success of China’s economic reform. Finally, based on the analysis above, this book discusses the reasons for the constant and rapid development of China’s economy. With detailed analysis on the reform experience and theoretical implications, this book will appeal to scholars and students studying China’s economy, and contribute to the development of economic theories.
Categories: Business & Economics

The Chinese Economy

The Chinese Economy

World Bank Technical Paper No. 323. Draws on the contrasting experiences of five large transitional economies--Hungary, Poland, Romania, Russia, and Ukraine--in the management and oversight of public enterprises.

Author:

Publisher: World Bank Publications

ISBN: 0821336665

Category: Business & Economics

Page: 134

View: 703

World Bank Technical Paper No. 323. Draws on the contrasting experiences of five large transitional economies--Hungary, Poland, Romania, Russia, and Ukraine--in the management and oversight of public enterprises. Relevant experiences of developed market economies are included.
Categories: Business & Economics

Comprehensive Deepening of Reforms in China

Comprehensive Deepening of Reforms in China

This book covers key issues related to comprehensive reform in China in a broad range of areas, such as the economy, politics, culture, social management, the environment and CPC Party building.

Author: Peilin Li

Publisher: Springer Nature

ISBN: 9789811540004

Category: Social Science

Page: 242

View: 697

This book covers key issues related to comprehensive reform in China in a broad range of areas, such as the economy, politics, culture, social management, the environment and CPC Party building. The insightful analyses will appeal to social science researchers interested in reform-era contemporary China, as well as both undergraduate and graduate students trying to understand this country better. Lawmakers and policymakers at different levels of government will find in the well-informed policy recommendations following the analyses a valuable source of reference and inspiration.
Categories: Social Science