Download or read book China s Return To Expansionary Fiscal Policy written by Shuanglin Lin and published by World Scientific. This book was released on 1999-09-30 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume examines China's government budgetary condition, analyses the new expansionary fiscal policy, and discusses policy options. China's government budgetary revenue has declined dramatically since the start of economic reforms. Facing slower economic growth, China's new fiscal policy is to increase government expenditures by issuing bonds. With a large increase in government spending, it should not be difficult to achieve 7% growth in 1999. The government should conduct serious cost-benefit analyses of every public project in order to prevent scarce funds from being wasted. In the long run, the government should focus on merging the extra-budgetary and off-budgetary revenues into budgetary revenues, instead of allocating more resources to the government sector.
Download or read book China s Return to Expansionary Fiscal Policy written by Shuanglin Lin and published by World Scientific. This book was released on 1999 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prepared by the East Asian Institute, NUS, which promotes research on East Asian developments particularly the political, economic and social development of contemporary China (including Hong Kong and Taiwan), this series of research reports is intended for policy makers and readers who want to keep abreast of the latest developments in China. Lin Shuanglin examines China's government budgetary condition, analyses the new expansionary fiscal policy, and discusses policy options.
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 Resolving China s Corporate Debt Problem written by Wojciech Maliszewski and published by International Monetary Fund. This book was released on 2016-10-14 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate credit growth in China has been excessive in recent years. This credit boom is related to the large increase in investment after the Global Financial Crisis. Investment efficiency has fallen and the financial performance of corporates has deteriorated steadily, affecting asset quality in financial institutions. The corporate debt problem should be addressed urgently with a comprehensive strategy. Key elements should include identifying companies in financial difficulties, proactively recognizing losses in the financial system, burden sharing, corporate restructuring and governance reform, hardening budget constraints, and facilitating market entry. A proactive strategy would trade off short-term economic pain for larger longer-term gain.
Download or read book Learning and the Reform of Chinese Foreign Policy written by Lowell Dittmer and published by World Scientific. This book was released on 1999 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prepared by the East Asian Institute, NUS, which promotes research on East Asian developments particularly the political, economic and social development of contemporary China (including Hong Kong and Taiwan), this series of research reports is intended for policy makers and readers who want to keep abreast of the latest developments in China. This volume looks at China's foreign policy from the perspective of learning theory, a relatively new approach to foreign policy analysis based on social psychology.
Download or read book China s Growth and Integration Into the World Economy written by Eswar Prasad and published by International Monetary Fund. This book was released on 2004-06-17 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s transformation into a dynamic private-sector-led economy and its integration into the world economy have been among the most dramatic global economic developments of recent decades. This paper provides an overview of some of the key aspects of recent developments in China’s macroeconomy and economic structure. It also surveys the main policy challenges that will need to be addressed for China to maintain sustained high growth and continued global integration.
Download or read book China s Regional Economic Disparities Since 1978 written by Xiaowen Tian and published by World Scientific. This book was released on 1999 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prepared by the East Asian Institute, NUS, which promotes research on East Asian developments particularly the political, economic and social development of contemporary China (including Hong Kong and Taiwan), this series of research reports is intended for policy makers and readers who want to keep abreast of the latest developments in China. This study suggests that China should accelerate economic growth of its backward interior regions by deepening market-oriented reforms on the one hand, and by strengthening fiscal transfers from richer to poorer regions on the other.
Download or read book China s Politics and Economy in 1999 written by Yongnian Zheng and published by World Scientific. This book was released on 2000 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: What the Jiang Zemin leadership faced in 1999 can be characterized by a century-old Chinese saying, neiyou waihuan (literally, ?internal disturbance and external threat?). What with the worst growth record in a decade, the Falun Gong sect's siege of Zhongnanhai, Nato's bombing of the Chinese embassy in Yugoslavia, and Lee Teng-hui's new ?two-state? theory, the Chinese leadership was under tremendous pressure throughout the year. Many have wondered if that leadership could still hold its own at the turn of the century.This volume provides the reader with an in-depth analysis of how the Chinese leadership coped with the crises during the year. Though there was fair success in managing those crises, serious crises lie ahead which could significantly impact the leadership. China's economic slowdown may be bottoming out, but increasing Party decay, a growing spiritual vacuum, and volatile cross-strait relations are likely to pose serious threats to the leadership.
Download or read book China s WTO Accession and the Impact on Its Large Manufacturing Enterprises written by Guy Shaojia Liu and published by World Scientific. This book was released on 2001 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: The greatest success of Chinese enterprise reform has been the creation of market competition. Competition has forced the state to retreat from non-strategic sectors and increased private ownership in the industry. This development has created ownership diversification in the Chinese industry, which is in line with the leadership's 2-R (?Retreat and Retain?) enterprise reform policy. The ownership diversification is a distinction of the reformed economy, called ?a socialist economy with Chinese characteristics?. The backbone of the economy is the large state firms in strategic sectors, largely shielded from international competition, in which most of them have been coping well with the domestically competitive environment. After China's entry to the WTO, can these firms still maintain their market dominance once all forms of protection are dismantled? Are Chinese firms ready for direct competition with their foreign rivals in the manufacturing sector? Will FAW, China's No. 1 state-owned automotive corporation, be defeated on its home ground by its foreign rivals in a freely accessed market? The core of these questions is about the sustainability of diversified ownership in the economy after it is integrated with the world trading system. Who will dominate the Chinese industry after the WTO entry: foreign or private ownership? The question is addressed by applying the market structure and entry theory of industrial economics, since WTO accession will basically result in change in both the market type and the market structure of the industry. Based on this, the study developed the market share testing theory to assess the competitiveness of dominant incumbents according to the type of market. The overall finding is that most large state incumbents will survive but their survival strategy will be changed from single ownership control to mixed ownership control. Thus, it is expected that more joint ventures between foreign and large state-owned firms will emerge in the post-WTO-entry economy. But whether such firms will evolve into foreign-controlled state-owned firms is an interesting question which remains to be answered.
Download or read book China s Politics And Economy In 1999 Coping With Crises written by John Wong and published by World Scientific. This book was released on 2000-03-30 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: What the Jiang Zemin leadership faced in 1999 can be characterized by a century-old Chinese saying, neiyou waihuan (literally, “internal disturbance and external threat”). What with the worst growth record in a decade, the Falun Gong sect's siege of Zhongnanhai, Nato's bombing of the Chinese embassy in Yugoslavia, and Lee Teng-hui's new “two-state” theory, the Chinese leadership was under tremendous pressure throughout the year. Many have wondered if that leadership could still hold its own at the turn of the century.This volume provides the reader with an in-depth analysis of how the Chinese leadership coped with the crises during the year. Though there was fair success in managing those crises, serious crises lie ahead which could significantly impact the leadership. China's economic slowdown may be bottoming out, but increasing Party decay, a growing spiritual vacuum, and volatile cross-strait relations are likely to pose serious threats to the leadership.
Download or read book China s Anti drug Campaign in the Reform Era written by Yongming Zhou and published by World Scientific. This book was released on 2000 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume deals with the re-emergence of the drug problem in China in the reform era and the ways in which the authorities deal with it. Riding on a sweeping victory over the nationalists, the newly established communist government in the early 1950s was thorough and decisive in stamping out the drug problem that had plagued the country for centuries. What made the Chinese government's effort effective then were mass campaigns and China's almost total isolation from the outside world. In the reform era, however, with marketization and the country's increasing integration into the capitalist world economy, the effectiveness of the old methods has been called into question. Severe punishment of offenders has failed to curb the spread of drug trafficking, and mass campaigns have aroused scant interest from the populace. The much-reduced efficacy of the government's anti-drug efforts due to the changed macro-environment implies that the drug problem in China will persist if not worsen.
Download or read book China s Political And Economic Trends In 2001 written by John Wong and published by World Scientific. This book was released on 2001-06-21 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the beginning of the new century, China's leadership is preparing the ground for a smooth transfer of power from the third generation to the fourth generation leaders. Politicking among different factions has intensified as top leaders who are slated to step down after the 16th National Party Congress in 2002 jockey to put their imprint on the new power configuration.How have President Jiang Zemin and Premier Zhu Rongji dealt with the leadership succession while at the same time keeping an eye on the economy? What kind of power-sharing will be brokered among the different factions? Are the fourth generation leaders ready to take over the reins of power? And will China be able to maintain high growth even as it goes through this period of power transition? The articles in this publication address those issues.
Download or read book Mystery Of China s Falun Gong The Its Rise And Its Sociological Implications written by John Wong and published by World Scientific. This book was released on 1999-12-15 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Party and state leadership in Beijing was rudely awakened to the fact that the state bureaucracies in charge of public security had no idea of Falun Gong's leadership and its functions on April 25, 1999, when reportedly ten thousand followers in front of Zhongnanhai staged a peaceful and quiet sit-in. Since then the world media has reported events and probable causes for the government to outlaw what was determined to be a religious cult that could disturb peace and stability in China.In this paper, analyses are made of the background and political implications of the sect that had one time dominated the front page of all major newspapers in the world. The authors address themselves to questions such as: What is the nature of Falun Gong? Is it a religious sect, a cult, or a quasi-religious social movement with a hidden political agenda? Is it traditional qigong of a sort that packages well-established belief systems of Buddhism and Taoism? Is it a money-making scheme that satisfies the yearning for spiritual fulfillment for the elderly, the unemployed and the retired? Or is it all of those? Will the Falun Gong phenomenon repeat itself in the future? Was the government crackdown an over-reaction or was it expected? These issues are discussed by the authors in separate sections of this paper.
Download or read book China s Politics and Economy in 2003 written by John Wong and published by World Scientific. This book was released on 2003 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the new team of Chinese leaders at the helm following the successful hosting of the 16th Party Congress in November 2002, the attention of China''s scholars has now shifted to the raft of challenges that await the new leadership. In the economic realm, there is unlikely to be any sharp changes in the direction of economic policy-making although the leadership faces a number of daunting issues, such as rising urban unemployment, potential rural unrest and the huge debt burden of state banks.In the political arena, power succession has only just begun even though leadership transition is almost complete. Jiang Zemin remains highly influential in his capacity as Chairman of the Central Military Commission. It is however unclear how the working relationship among the triumvirate Hu Jintao, Zeng Qinghong and Wen Jiabao will unfold. The jury is still out whether Hu Jintao can provide the leadership and vision to deal head-on with a number of burning issues, like corruption and the need for political reform.
Download or read book Sino US Trade Accord and China s Accession to the World Trade Organization written by John Wong and published by World Scientific. This book was released on 2000 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Sino-US trade accord signed in November 1999 in Beijing set a milestone for China's protracted journey towards becoming a member of the World Trade Organization (WTO). China hailed it as a win-win deal. The trade accord showed the commitment of the Chinese government to further transform China into a market economy. The liberalisation measures set forth in the accord may bring about the rise of the private enterprises and further expansion of the services markets, from banking to professional services. However, the implementation of the reform represents a challenge to the Chinese government in managing the potential surge in urban and rural unemployment and the stability of the banking sector. This paper analyses the details of the Sino-US trade accord and its implications for the Chinese economy.
Download or read book Rural Democracy In China written by Tianjian Shi and published by World Scientific. This book was released on 2000-02-21 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why does the Chinese government allow village elections? What implications do these grass-roots level popular elections have for the democratization of China? By tracing the history of village level governance reform, one of the premier authorities on electoral reforms in China tackles these fundamental questions in this volume. According to the author, there are two roots to the emergence of village elections in China: structural changes in the village economy and bureaucratic politics. The author also identifies old guard Peng Zhen, himself victimized by lawlessness during the Cultural Revolution, and officials in the Ministry of Civil Affairs — an otherwise powerless bureaucracy that has jurisdiction over rural governance issues — as the driving force behind the reform in the government.The author believes that village elections have enormous political implications for China: they represent yet another aspect of “creeping democratization” of the country. Resistance from the status quo interests will be stiff, but democracy has a chance in the alliance between the disgruntled population and reform-minded elites in the leadership.Does economic prosperity increase the likelihood of political democracy? Using 1993 national survey data, the author examines the relationships between the level of economic development and the rate of semi-competitive village elections. Data analysis suggests that economic prosperity is positively associated with the occurrence of semi-competitive elections only to a certain point, above which the association turns negative. In other words, both the least and the most developed villages are less likely to hold semi-competitive elections for the chair of the village committee, which is officially defined as “an organization of self-governance of villagers”. The author also argues that rapid economic development may delay the process of political development because incumbent leaders can use newly acquired economic resources to consolidate their power.
Download or read book Chinese Foreign Investment Laws written by Huaqun Zeng and published by World Scientific. This book was released on 1999 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prepared by the East Asian Institute, NUS, which promotes research on East Asian developments particularly the political, economic and social development of contemporary China (including Hong Kong and Taiwan), this series of research reports is intended for policy makers and readers who want to keep abreast of the latest developments in China. This volume summarises four features of the common principles of foreign investment laws in market economies and surveys four aspects of recent developments in Chinese foreign investment laws towards these principles.
