China's Increasing Policy Shift Towards More Sustainable Growth

China's Increasing Policy Shift Towards More Sustainable Growth
Author: Dan Prud'homme
Publisher:
Total Pages: 9
Release: 2014
Genre:
ISBN:

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Many have increasingly questioned if and how Chinese policy has evolved or will evolve to ensure that the country's development is not only focused on immediate economic growth, but also economically, socially and environmentally sustainable. This paper addresses this question by tracing key issues in China's past and current path to development, and analysing related policy statements. It finds that China is clearly increasingly shifting its policies to foster more sustainable growth, which provides a good indication that its upcoming policies (on paper, at least) should head in the same positive direction.

China's New Sources of Economic Growth: Vol. 1

China's New Sources of Economic Growth: Vol. 1
Author: Ligang Song
Publisher: ANU Press
Total Pages: 545
Release: 2016-07-21
Genre: Business & Economics
ISBN: 1760460354

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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.

Rebalancing and Sustaining Growth in China

Rebalancing and Sustaining Growth in China
Author: Huw McKay
Publisher: ANU E Press
Total Pages: 386
Release: 2012-07-01
Genre: Business & Economics
ISBN: 1921862807

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The idea that China’s economy needs to rebalance is no longer controversial inside or outside the country. Whether it be the increasing recognition of income inequality at home; the still large external surplus; the focus on consumption and industrial upgrading in the policy discourse; the economic, political and social tensions associated with the major decline in housing affordability; the profound conflict between industrialisation, urbanisation and the biosphere; the profitability gulf between the top SOEs and private firms; or the uni-directional pressures pushing on the real exchange rate; the evidence in favour of a highly imbalanced structure is omnipresent. Rebalancing and Sustaining Growth in China brings together some of the world’s leading observers of the Chinese economy to debate the multifarious questions pertaining to rebalancing. How are we to make sense of the many, often contradictory, proposals that seek the same ultimate objective of a more sustainable growth model? What mix of policies will be most effective in addressing the required structural change without sacrificing prosperity along the way? Where should we look for root causes, and how can we avoid getting distracted by symptoms? How do China’s unique internal migration dynamics – and the Lewis turning point – constrain its options? What role will and should financial, fiscal and welfare reform play in the process? Where do water and energy security fit in? Can China innovate before it gets old – or can China get smart before it gets rich? And are intergenerational issues being taken into account?

Fair Development in China

Fair Development in China
Author: Qingyun Jiang
Publisher: Springer
Total Pages: 279
Release: 2016-10-04
Genre: Business & Economics
ISBN: 3319436635

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The purpose of this volume is to explore sustainable innovation and “fair development” in China. It examines various existing problems currently faced in China, such as food safety, education, healthcare, employment, housing, the environment and censorship, among others, and provides different perspectives in relation to fair development. Topics covered include coordinated governance, energy consumption and policy, dynamic sustainability, green marketing, and people-oriented education. While the focus of the volume is on China, the research process and structure presented can also be used to explore fair development in other emerging economies. Fair development is a framework that includes such principles as sustainability, with particular respect to the implications for human development in the context of available opportunities, resources, and outputs. China, the world’s second largest economy, continues to face several challenges when pursuing sustainable development, such as unbalanced growth pressure in the central and western regions and rural areas of China, the fragility of the natural environment, and resource constraints and structural problems in economic and social development. It is a crucial mission for China to sustain economic growth without sacrificing environmental sustainability or human rights. For example, there is increasing pressure on China to reduce its dependence on fossil energy. Therefore, innovations in technologies, management, and even systems are critical to drive a transition to low-carbon energy, which will be a long-term process. Featuring contributions from a diverse group of researchers from multiple disciplines, this volume provides a comprehensive collection of perspectives on economic, political, and social development in China.

Modern China

Modern China
Author: Cary Krosinsky
Publisher: Springer Nature
Total Pages: 245
Release: 2020-05-23
Genre: Business & Economics
ISBN: 303039204X

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Calling for more cooperation between China and the west, this new book by noted author and educator Cary Krosinsky provides readers with an on-the-ground perspective of what’s really happening in China today on the back of its recent economic rise, its desire and need to solve environmental challenges and the new positive dynamic created by its need for foreign capital. In doing so, Krosinsky and his colleagues from the Sustainable Finance Institute and Brown University highlight how China has recaptured its role as a leader in innovation, arguing that current approaches to the relationship hinder global progress on issues such as climate change, inequality, air pollution, food integrity and water security and pushes back on confrontational approaches and attempts to clarify misperceptions about contemporary China. China’s recent rise includes becoming a global leader on green policy and green finance, as it is increasingly leading the way towards modernization through innovation strategies focused on infrastructure, education, healthcare and aspects of clean energy technology, leading to opportunities across private equity, venture capital and green bonds. This creates an exciting opportunity for positive change, with environmental challenges becoming more salient to its own population, adding pressure on the government to provide solutions. China changes faster than any country in the world, creating an opportunity for meaningful, ongoing, positive transitions. Modern China is a call for more cooperation, and makes a clear, cogent case for collaboration in the face of current confrontational approaches. At the same time, dire environmental and social circumstances require an all-hands-on-deck approach. This book provides specific examples of what’s working and what’s needed to compete and thrive in this new paradigm through trusted relationships placed front and center for the future of economies and the betterment of global society.

China's Development Priorities

China's Development Priorities
Author: Shahid Yusuf
Publisher: World Bank Publications
Total Pages: 172
Release: 2006-01-01
Genre: Business & Economics
ISBN: 082136510X

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"Over the past two decades China's growth has been rapid, social indicators have improved, and poverty levels have inched downward. However, widening inequality, increasing resource and financial imbalances, and growing environmental concerns provide China with daunting challenges in improving the quality of growth. The rapid growth that will remain China's principal vehicle for raising standards of living and reducing poverty will derive from urbanization, increased market efficiency, and improvement in the technological capability of Chinese firms. But although growth will be critically important, balance among income groups and sectors is likely to be vital for social stability. The needed measures to enhance the quantity and quality of social services and a more effective safety net for the poor will require a number of institutional changes, including a reform of intergovernmental fiscal relations. Directed at readers working in economic policy, poverty reduction, social development, and urban and municipal finance, China's Development Priorities highlights the significance of the challenges facing China and suggests policies for achieving rapid, balanced, and sustainable growth."

China's Sustainable Use of Natural Resources

China's Sustainable Use of Natural Resources
Author: China Development Research Foundation
Publisher: Routledge
Total Pages: 261
Release: 2020-04-22
Genre: Business & Economics
ISBN: 100002556X

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This book examines China’s resource endowment and the country’s current exploitation and use of resources and analyzes the main challenges and potential opportunities facing the country. It then discusses how to improve the efficiency with which resources are used by taking a ‘full-life-cycle’ approach to resource use. After summing up the evolution of China’s policies and systems relating to resources and the environment, this book goes on to study how China’s participation in global resource allocation and global resource governance has progressed under its open-economy situation, as well as challenges facing that participation. Based on all these analysis, the report proposes two targets for managing the total quantities of two specific metrics. That is, it recommends aiming to reach peak consumption of resources and peak emission of pollutants by 2030. In addition, it makes a number of specific policy recommendations. The China Development Research Foundation (CDRF) is a public foundation initiated by the Development Research Center of the State Council (DRC). Its mission is to advance good governance and public policy to promote economic development and social progress. The Foundation has approached its mandate in a number of ways, including support for evidence-based policy research, leadership training, high-level forums and symposiums to promote economic cooperation and development, and the promotion of responsible public policy. As China continues to move steadily ahead with policy reforms and investments for more inclusive development, the demands for research, transparent and accountable processes, and citizenship engagement are expanding. The Foundation is striving to meet these challenges and to coordinate policy research work which supports the work of government, civil society and enterprises in furthering equitable development in China.

The Quality of Growth and Poverty Reduction in China

The Quality of Growth and Poverty Reduction in China
Author: Xiaolin Wang
Publisher: Springer
Total Pages: 129
Release: 2014-05-14
Genre: Business & Economics
ISBN: 3642363466

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The rapid growth over the past three decades has been instrumental in lifting over 600 million people in China out of poverty, and people want to know why and how it happened. International evidence has made it clear that a global economy based on current patterns of consumption and production is simply not sustainable. Policymakers have repeatedly been advised that economic growth, poverty reduction, equity, and environment and resource sustainability must be integrated into national development strategies. What about China? The principle limitation of existing China-focused economic studies lies in its imbalances from the perspective of analysis and the impact of growth on poverty and inequality. A limited number of studies are devoted to structural transformation and China’s structural imbalances, social disparities and the impact of science and technology on growth and productivity. This book addresses the alarming environmental consequences of China’s growth patterns within an overall quality growth framework. It contributes to the economic growth and development literature and current policy discourse on China by expanding the policy analysis to include several important new areas using the most recent data available. This includes analyzing the macroeconomic factors that underlie the need for China to advance its economic transformation; examining how social inequalities, including health, education and gender, have evolved and presenting the scale of environmental problems associated with China’s growth miracle. This report represents the first attempt to integrate the issue of environmental sustainability and climate change into the quality growth context, providing readers with a comprehensive account of China’s success and challenges in its three decades of rapid economic growth.

Chinese Perspectives on the Environment and Sustainable Development

Chinese Perspectives on the Environment and Sustainable Development
Author: Wenhu Ye
Publisher: BRILL
Total Pages: 218
Release: 2013-07-15
Genre: Social Science
ISBN: 9004254420

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With China’s rapid growth over the past several decades, the detrimental effects of industrial growth on the environment have become ever more apparent. In this collection of articles from some of China’s most distinguished political scientist, economist, and environmentalist, we find the emerging debate on environmentalism unfolding as Chinese try to find their own way. At the core of these concerns is a debate on balancing the needs of economic development with responsibilities to the planet, and the degree to which that responsibility applies to China as a developing country. These articles seek to illustrate broader principles for environmental policies and international support, as well as more specific projects in China that have been tested and those that have failed.

Politics of China's Environmental Protection

Politics of China's Environmental Protection
Author: Gang Chen
Publisher: World Scientific
Total Pages: 199
Release: 2009
Genre: Nature
ISBN: 9812838708

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As the dazzling economic and social changes in China have imposed substantial impact upon the quality of environmental governance, it is time to review the problems and progress in the politics of China''s environmental protection. This book analyzes the factors in China''s governance and political process that affect and restrain its capacity to handle the mounting environmental problems. It argues that solutions to China''s ecological woes to a larger extent lie in the political and institutional changes rather than in engineering, technological and investment input. The book talks about new policies and reform measures in the green area taken by the government since 2007, arguing that some of them may be quite effective in the long run, as long as they alter institutional factors and the OC growth-firstOCO mindset that obstruct the green effort. The book also includes discussion of China''s climate change policy not only because global warming has come under the limelight of the international community in recent years, but also because it offers a unique dimension to analyze the country''s environmental diplomacy and domestic bureaucratic structure on emissions cutting and related energy issues. China is currently at the crossroads of further political and economic reform, and the intensified public attention to environmental pollution may help the Chinese Communist Party to decisively push forward the long-sluggish political reforms.