Download or read book China s Economic Reform and Development during the 13th Five Year Plan Period written by Gang Lin and published by Routledge. This book was released on 2020-09-23 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Five-Year Plans" have been a cornerstone of Chinese social and economic development initiatives since 1953. During the thirteenth of these periods between 2016 and 2020, the global economy has experienced instability after the financial crisis, as well as political and economic reconfiguration. Drawing on modern economic theory, this book comprehensively discusses China's economic development in this crucial phase. The book analyzes the international economic environment, and asks how China’s continued reform and opening-up can fit with the new era of economic globalization. It also presents the difficulties China faces in such fields as urbanization, the coordination of regional development and urban-rural integration, economic reform, and the reform of factor markets and state-owned enterprises. The book outlines many medium-term development rules along with key characteristics of China's economy, helping international readers fully understand likely future trajectories for the Chinese economy.

Download or read book China s 40 Years of Reform and Development 1978 2018 written by Ross Garnaut and published by ANU Press. This book was released on 2018-07-19 with total page 709 pages. Available in PDF, EPUB and Kindle. Book excerpt: The year 2018 marks 40 years of reform and development in China (1978–2018). This commemorative book assembles some of the world’s most prominent scholars on the Chinese economy to reflect on what has been achieved as a result of the economic reform programs, and to draw out the key lessons that have been learned by the model of growth and development in China over the preceding four decades. This book explores what has happened in the transformation of the Chinese economy in the past 40 years for China itself, as well as for the rest of the world, and discusses the implications of what will happen next in the context of China’s new reform agenda. Focusing on the long-term development strategy amid various old and new challenges that face the economy, this book sets the scene for what the world can expect in China’s fifth decade of reform and development. A key feature of this book is its comprehensive coverage of the key issues involved in China’s economic reform and development. Included are discussions of China’s 40 years of reform and development in a global perspective; the political economy of economic transformation; the progress of marketisation and changes in market-compatible institutions; the reform program for state-owned enterprises; the financial sector and fiscal system reform, and its foreign exchange system reform; the progress and challenges in economic rebalancing; and the continuing process of China’s global integration. This book further documents and analyses the development experiences including China’s large scale of migration and urbanisation, the demographic structural changes, the private sector development, income distribution, land reform and regional development, agricultural development, and energy and climate change policies.

Download or read book Winning at the Turning Point written by Fulin Chi and published by Springer Nature. This book was released on 2019-10-09 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book by influential policymaker Chi Fulin lays out in issue-oriented and detailed chapters, at a time when China is at a crossroads, exactly how the government plans to deal with the social, political and economic issues the world's second-largest economy faces. From managing the decline of industry, to urbanization, to managing consumption, to social security and education, Chi offers a roadmap for the years ahead. This book will be particularly fascinating to Western scholars of China who speculate on the inner workings of the Chinese policymaking elite, with the ambition of China's central planners here laid out for the world to see.

Download or read book China s Economic Reform written by Robert Ash and published by Routledge. This book was released on 2013-10-18 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a collection and analysis of original policy documents, newly translated into English, from a key period of Chinese development, providing both a current and a retrospective analysis of China's economic reform efforts. Topics dealt with include the evolution of Chinese economic strategy; economic planning and the spread of market mechanisms; technology transfer in industry; evolution of an agricultural system; the development of population policy; and foreign economic relations. The collection will be of great interest not only to scholars and students of Chinese studies, but also to professionals and social scientists concerned with China but unable to read source documents in Chinese.

Download or read book China written by Ross Garnaut and published by . This book was released on 2012 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nine papers by various authors discussing aspects of economic reform in China over a 20 year period.

Download or read book China s Plan for Economic and Social Development written by Jun Yin and published by Springer Nature. This book was released on 2022-10-11 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reviews the basic process of China’s fourteen five-year plans with systematic theoretical overview and rich historical data and moves on to discuss the theoretical logic of plan-based state governance. The authors hold that the five-year planning system with Chinese characteristics is a flexible planning system; through adaptive macro-planning and incentive target governance, it mobilizes government, market and social forces to work together to fulfill national objectives and is a representative mechanism of the state governance system and a symbol of modernized state governance capacity. From an academic point of view, it theoretically answers questions about what, why and how concerning the five-year plans. From an interdisciplinary perspective, it explores the theoretical logic and experience of plan-based governance by combining Marxism, western theories, and the science of history. Also, it tries to represent historical facts based on a vast literature about the history of CPC and PRC, reviews historical details of the previous thirteen five-year plans, and describes the great journey of the plan preparation and implementation under the CPC leadership. This book has been published in Simplified Chinese (Peking University Press) and Traditional Chinese (Hong Kong Open Page Press). It has won the 2021 Annual Books of China Economics Education and Research Network, the first prize of excellent Works of the First Young Marxism Prize, 100 "Red Classic Reading" recommended reading books of Jiangsu National Reading Activity Leading Group celebrating the Centennial of the Founding of the Party, and Jintai Good Books of People's Daily Library.

Download or read book Perfecting China Inc written by Scott Kennedy and published by Rowman & Littlefield. This book was released on 2016-06-08 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines China’s 13th Five-Year Plan, the most authoritative strategic blueprint for the country’s economic policies under Xi Jinping. The plan seeks to rebalance the economy toward more advanced technologies, greater environmental protection, and a stronger social safety net. However, it does not fundamentally rebalance the relationship between state and market, with the government and Chinese Communist Party still left with significant tools to micromanage most aspects of the economy. Unless greater emphasis is given to shifting this balance, the most likely result will be “growth with volatility,” in which some Chinese companies move up the value-added chain, but without fundamentally improving the country’s overall efficiency and performance.

Download or read book An Essay on Economic Reforms and Social Change in China written by Assar Lindbeck and published by World Bank Publications. This book was released on 2006 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: The author applies a systems-oriented "holistic" approach to China's radical economic reforms during the past quarter of a century. He characterizes China's economic reforms in terms of a multidimensional classification of economic systems. When looking at the economic consequences of China's change of economic system, he deals with both the impressive growth performance and its economic costs. The author also studies the consequences of the economic reforms for the previous social arrangements in the country, which were tied to individual work units-agriculture communes, collective firms, and state-owned enterprises. He continues with the social development during the reform period, reflecting a complex mix of social advances, mainly in terms of poverty reduction, and regresses for large population groups in terms of income security and human services, such as education and, in particular, health care. Next, the author discusses China's future policy options in the social field, whereby he draws heavily on relevant experiences in industrial countries over the years. The future options are classified into three broad categories: policies influencing the level and distribution of factor income, income transfers including social insurance, and the provision of human services.

Download or read book China s Provincial Economic Competitiveness and Policy Outlook for the 13th Five year Plan Period 2016 2020 written by Jianping Li and published by Springer. This book was released on 2019-01-25 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the competitive situation and policy outlook of China’s provincial economy in the 13th five-year period. It begins with a general evaluation report on the country’s provincial comprehensive Economic Competitiveness, followed by analyses at the international, national and regional levels, industrial and enterprise levels. On the basis of domestic and international research findings, it further enriches our understanding of provincial competitiveness, analyzes the domestic and international situation, explores new changes, new norms, new situations and new challenges concerning China’s provincial economy in the past few years, reveals the characteristics and relative differences of different types, defines their internal competitive strengths and weaknesses, and provides valuable theoretical content to guide decision-making.

Download or read book China s New Sources of Economic Growth Vol 1 written by Ligang Song and published by ANU Press. This book was released on 2016-07-21 with total page 545 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s change to a new model of growth, now called the ‘new normal’, was always going to be hard. Events over the past year show how hard it is. The attempts to moderate the extremes of high investment and low consumption, the correction of overcapacity in the heavy industries that were the mainstays of the old model of growth, the hauling in of the immense debt hangover from the fiscal and monetary expansion that pulled China out of the Great Crash of 2008 would all have been hard at any time. They are harder when changes in economic policy and structure coincide with stagnation in global trade and rising protectionist sentiment in developed countries, extraordinarily rapid demographic change and recognition of the urgency of easing the environmental damage from the old model. China’s economy has slowed and there are worries that the authorities will not be able to contain the slowdown within preferred limits. This year’s Update explores the challenge of the slowdown in growth and the change in economic structure. Leading experts on China’s economy and environment review change within China’s new model of growth, and its interaction with ageing, environmental pressure, new patterns of urbanisation, and debt problems at different levels of government. It illuminates some new developments in China’s economy, including the transformational potential of internet banking, and the dynamics of financial market instability. China’s economic development since 1978 is full of exciting change, and this year’s China Update is again the way to know it as it is happening.

Download or read book China s Economic Rise written by Congressional Research Service and published by Createspace Independent Publishing Platform. This book was released on 2017-09-17 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book China s Economy Into the New Century written by John Wong and published by World Scientific. This book was released on 2002 with total page 478 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the last two decades of the 20th century, China stood out as the world''s star performer in economic growth, thanks to the market-oriented reform that started in 1978. At the turn of the century, the Chinese economy faces a series of challenges to sustain its growth and stability. The two-decade-long rapid growth has effectively strengthened China''s economic power and raised its people''s standard of living. It has also transformed China from a centrally planned command economy into a OC socialist market economyOCO, which operates increasingly in line with capitalist norms. Major structural problems, however, remain and are growing acute. Weakness in the fiscal system breeds rent seeking at the local level and causes tension in the state budget. The flawed financial institutions and the biased ownership structure continue to distort resource allocation and cause huge efficiency losses. Inter-provincial and inter-regional disparity is reaching a level that threatens national unity and social stability. As China joins the World Trade Organization and becomes more integrated into the world economy, it urgently needs to improve the domestic business environment and to beef up indigenous industries for foreign competition.This volume is a collection of papers written by scholars at the East Asian Institute to address those problems during the period 1999OCo2001. The authors, with their knowledge and experience in China studies, provide in-depth observations and professional analyses of some of the most important issues for the Chinese economy at the turn of the century. Some of the observations and analyses lead to enlightening policy recommendations. The solid scholarship combined with the policy orientation of these papers will appeal greatly to researchers in academia, governments and other institutions. The policy-oriented and fact-based analyses will also be of interest to practitioners in business, including business consultants."

Download or read book The New Journey of China s Economic and Social Development written by Fuzhan Xie and published by Springer Nature. This book was released on 2023-03-12 with total page 760 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims at China's economic and social development, which has embarked on a new journey. It collects more than 20 major research achievements of researchers in relevant fields of the Chinese Academy of Social Sciences. These topics cover rural revitalization and anti-poverty, industrialization and manufacturing transformation, service industry upgrading, fiscal and taxation system and fiscal sustainability, major financial reform, industry and competition policy, ownership structure, new pattern of opening up, digital economy, innovation driven, financial stability, macro-control, new urbanization, regional development, ecological environment, aging population, labor market, income distribution, social governance, people's livelihood, social security, the rule of law, cultural power, and other major issues. This book helps people from all walks of life better understand and grasp the new trends, opportunities, and challenges of China's economic and social development in the future and provides useful reference for thinking about China's medium and long-term development strategy and development path.

Download or read book China s Economic Reforms Successes And Challenges written by Peter Koveos and published by World Scientific. This book was released on 2023-01-19 with total page 936 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the last 40 years of China's economic reforms, the country has made unprecedented progress in its economic development and its position in the global stage. As a result, interest in China has resulted in numerous books focusing on the world's second largest economy. A single volume, however, cannot possibly explain the complex nature of China's economic system and its relationship with the rest of the world. China's Economic Reforms: Successes and Challenges contributes to the understanding of China's reforms by offering a detailed analysis of critical components of the country's economic architecture.Within the context of the global economy, the book illustrates the performance of the Chinese economy at both the aggregate and individual sector levels before and after reforms. Comparisons and contrasts are made with the economies of the US, Japan, South Korea, India, and Russia. The book presents the challenges facing the Chinese reform process, and explain how these challenges affect the domestic economy, the rest of the world, and the overall success of China's reforms.

Download or read book Reform and Development in China written by Yang Yao and published by Routledge. This book was released on 2010-09-13 with total page 596 pages. Available in PDF, EPUB and Kindle. Book excerpt: Between 1978 and 2006, GDP growth in China maintained an annual average rate of 9.7%, meaning the Chinese economy increased by more than twelve times. This was achieved with quite unorthodox approaches to reform and development as China has adopted a gradualist approach to adopting key institutions, as well as modifying and experimenting with traditional recipes for economic growth. This collection brings together key researchers in the field from Asia, US, Europe and Australia to discuss how China has managed to push forward reforms in the face of political resistance, how the Chinese economy has maintained growth within an imperfect institutionalist environment and how the Chinese government remains effective when it relinquishes its power to the market. Specific emphasis is paid to the relevance of China’s experiences to other developing countries. This valuable contribution to the study of China’s economy covers a wide range of topics, including the historical foundations of the 30 years of reform, law and development in China, foreign direct investment, poverty reduction, market integration, income distribution, social protection, as well as demographics and population. Reform and Development in China finds both unique elements to the Chinese experience and elements which can be applied to other developing countries. In particular, China’s gradualism in economic reform, strong leadership, and emphasis on inclusive development are singled out to be potentially transferable to other developing countries. This collection will be of interest to postgraduate students and researchers as well as practitioners in development economics.

Download or read book Economic Lessons from China s Forty Years of Reform and Opening up written by David Daokui Li and published by Springer Nature. This book was released on 2021-03-26 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book China written by Ross Garnaut and published by ANU E Press. This book was released on 2010-07-01 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.