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The Fundamental Dynamic Effect on Reform and Opening in China is the seventh volume of the series China in the World. The year 2018 marks the fortieth year of China’s reform and opening. China’s reform and opening has involved many areas. This volume focuses on reform and opening’s dynamic mechanisms, but it also touches on how to look at some of the problems that these dynamic mechanisms face today. The articles in this volume explore the driving force of China’s reform and opening up from the perspective of institutional changes, such as the political economy of globalization and China’s options in response to globalization’s retrogression and the (re)construction of world order. What are the strategies for upgrading the competitiveness of an emerging major power? Why does world need a new concept of openness? What are the four major challenges for the world economy? How do Chinese scholars think in an “Anti-Globalization” environment?
The first revolution in the Chinese countryside was the land reform implemented in the 'liberated areas' and extended throughout China after the proclamation of the People's Republic of China in 1949. This was important in the consolidation of the Communist Party's political power. The second revolution was the decollectivization of agriculture and the shift to the household responsibility system as a basis for agricultural production. The phenomenal increase in Chinese agricultural output from 1978 to 1984 resulted partly from the new system of production and with a resulting explosion of farm incomes. The second revolution in the Chinese countryside from the late 1970s set the scene for th...
This volume provides a detailed up-to-date analysis of the strategic issues and policy options of China's accession to the WTO. Quantitative analysis demonstrates how tariff reduction resulting from China's accession to the WTO will benefit the Chinese economy as well as the rest of the world. The book argues that there is no single trade policy initiative likely to result in larger gains in international trade in the foreseeable future than China's accession to the WTO.
HUANG Yiping is Professor of Economics at the China Center for Economic Research, National School of Development, Peking University, China. He is also an adjunct professor at the Australian National University and a member of the China Finance 40 Forum. His current research focuses on macroeconomic policy, international finance and rural development. CAI Fang is Director, Professor and Fellow at the Institute of Population and Labor Economics, Chinese Academy of Social Sciences, China. He serves as Vice Chairman of the China Population Association. His current research focuses on China’s labor migration, population and development, economic reform, income distribution and poverty.
In this timely and provocative book, James Stent, a banker with decades of experience in Asian banking and fluency in Chinese language, explains how Chinese banks work, analyzes their strengths and weaknesses, and sets forth the challenges they face in a slowing economy. Without minimizing the real issues Chinese banks face, China's Banking Transformation challenges negative media accounts and reports of "China bears". Based on his 13 years of service on the boards of China Minsheng Bank, a privately owned listed bank, and China Everbright Bank, a state-controlled listed bank, the author brings the informed view of an insider to the reality of Chinese banking. China's Banking Transformation ...
Can the G-20 become a steering committee for the world's economy? Launched at a moment of panic triggered by the financial crisis in late 2008, the leaders' level G-20 is trying to evolve from crisis committee for the world economy to a real steering group facilitating international economic cooperation. What can and should such a ""steering committee"" focus on? How important could the concrete gains from cooperation be? How much faster could world growth be? Is there sufficient legitimacy in the G-20 process? How does the G-20 relate to the IMF and the World Bank? How can Australia in 2015, and then Turkey in 2016, chair the process so as to encourage strategic leadership? The East Asian B...
Describes how China is in the lead in transforming finance for the digital age This book is the product of a joint research project between economists at the National School of Development, especially the affiliated Institute of Digital Finance, at Peking University and at the Brookings Institution. It investigates the impact of financial technology on job creation, income distribution, and consumer welfare in China. It also examines larger systemic issues such as monetary policy, stability of the banking sector, and international trade and payments.
The WTO provides tools to address China's state capitalism and should be the preferred forum for negotiations on SOE's and industrial subsidies.
"It's clear that China is the world's next economic superpower. But what isn't so clear is how China will get there by the middle of this century. It now faces tremendous challenges such as fostering innovation, dealing with an ageing population, and coping with a less accommodative global environment. In this book, economists from China's leading university and the Brookings Institution offer in depth analyses of these challenges. The book provides unique insights into independent analyses and policy recommendations by a group of top Chinese and American scholars. Whether China succeeds or fails in economic reform will have a large impact, not just on China's development, but also on stability and prosperity for the whole world"--
The remarkable rise of China over the past three decades has been unprecedented in both its scale and speed. Analysts around the world have attempted to understand the causes of this unique event and to predict how long it will last. China's rise has also raised two important questions. The first concerns the stability and the sustainability of China’s growth, which has been accompanied by growing internal and external imbalances, rising inequality at home, environmental degradation and an increased risk of catastrophic climate change, and has happened in spite of the continuing, if diminished, role of the state in many sectors of the economy. The second concerns trying to guess what the e...