Rebalancing And Sustaining Growth In China
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Author | : Huw McKay |
Publisher | : ANU E Press |
Total Pages | : 386 |
Release | : 2012-07-01 |
Genre | : Business & Economics |
ISBN | : 1921862807 |
Download Rebalancing and Sustaining Growth in China Book in PDF, Epub and Kindle
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?
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Total Pages | : |
Release | : 2012 |
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Author | : Nicholas R. Lardy |
Publisher | : Peterson Institute |
Total Pages | : 213 |
Release | : 2012 |
Genre | : China |
ISBN | : 088132647X |
Download Sustaining China's Economic Growth After the Global Financial Crisis Book in PDF, Epub and Kindle
Author | : Mr.Anoop Singh |
Publisher | : International Monetary Fund |
Total Pages | : 292 |
Release | : 2013-11-07 |
Genre | : Business & Economics |
ISBN | : 1484303938 |
Download China's Economy in Transition Book in PDF, Epub and Kindle
China's current account surplus has declined to around one-quarter the peak reached before the global financial crisis. While this is a major reduction in China's external imbalance, it has not been accompanied by a decisive shift toward consumption-based growth. Instead, the compression in its external surplus has been accomplished through increasing fixed investment so that it is now an even higher share of China's national economy. This increasing reliance on fixed investment as the main driver of China's growth raises questions about the durability of the compression in the external surplus and the sustainability of the current growth model that has had unprecedented success in lifting about 500 million people out of poverty over the last three decades. This volume examines various aspects of the rebalancing process underway in China, highlighting policy lessons for achieving stable, sustainable, and inclusive growth.
Author | : Zhu YuGai |
Publisher | : |
Total Pages | : 0 |
Release | : 2011 |
Genre | : Balance of trade |
ISBN | : |
Download Sustaining growth Book in PDF, Epub and Kindle
Author | : Richard Sanders |
Publisher | : Routledge |
Total Pages | : 267 |
Release | : 2007-12-11 |
Genre | : Business & Economics |
ISBN | : 113407851X |
Download China's Post-Reform Economy - Achieving Harmony, Sustaining Growth Book in PDF, Epub and Kindle
This book discusses the very latest issues relating to China's remarkable economic growth. It provides comprehensive coverage of them, including economic, political-economic, environmental and philosophical questions.
Author | : Jahangir Aziz |
Publisher | : International Monetary Fund |
Total Pages | : 40 |
Release | : 2006-12 |
Genre | : Business & Economics |
ISBN | : |
Download Rebalancing China's Economy: What Does Growth Theory Tell Us? Book in PDF, Epub and Kindle
This paper uses the standard one-sector neoclassical growth model to investigate why China's consumption has been low and investment high. It finds that the low cost of capital has been quantitatively an important factor. Theory predicts that the price of capital may have been significantly distorted in the 1990s and 2000s. The distortion could have been caused by nonperforming loans, borrowing constraints, and uncertainty over changes in government guidance in bank lending. If China is to rebalance growth towards relying more on consumption and less on exports and investment, banking sector reforms and financial market development could, therefore, turn out to be key.
Author | : Kai Guo |
Publisher | : International Monetary Fund |
Total Pages | : 32 |
Release | : 2009-08 |
Genre | : Business & Economics |
ISBN | : |
Download Is China's Export-Oriented Growth Sustainable? Book in PDF, Epub and Kindle
This paper assesses the sustainability of China's export-oriented growth over the medium to longer term. It shows that maintaining the current export-oriented growth would require significant gains in market share through lower prices in a range of industries. This, in turn, could be achieved through a combination of increases in productivity, lower profits, and higher implicit or explicit subsidies to industry. However, the evidence suggest that it will prove difficult to accommodate such price reductions within existing profit margins or through productivity gains. Moving up the value-added chain, shifting the composition of exports, diversifying the export base, and increasing domestic value added of exports could give room to further export expansion. However, experiences from Asian economies that had similar export-oriented growth suggest there are limits to the global market share a country can occupy. Rebalancing growth toward private consumption would provide a large impetus to output growth and reduce the need for gaining further market share.
Author | : David Dollar |
Publisher | : Brookings Institution Press |
Total Pages | : 444 |
Release | : 2020-06-09 |
Genre | : Political Science |
ISBN | : 0815738064 |
Download China 2049 Book in PDF, Epub and Kindle
How will China reform its economy as it aspires to become the next economic superpower? 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 ageing problem and coping with a less accommodative global environment. In this book, economists from China's leading university and America's best-known think tank offer in depth analyses of these challenges. Does China have enough talent and right policy and institutional mix to transit from input-driven to innovation-driven economy? What does ageing mean, in terms of labor supply, consumption demand and social welfare expenditure? Can China contain the environmental and climate change risks? How should the financial system be transformed in order to continuously support economic growth and keep financial risks under control? What fiscal reforms are required in order to balance between economic efficiency and social harmony? What roles should the state-owned enterprises play in the future Chinese economy? In addition, how will technological competition between the United States and China affect each country's development? Will the Chinese yuan emerge as a major reserve currency, and would this destabilize the international financial system? What will be China's role in the international economic institutions? And will the United States and other established powers accept a growing role for China and the rest of the developing world in the governance of global institutions such as the World Trade Organization and the International Monetary Fund, or will the world devolve into competing blocs? This 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.
Author | : C. Fred Bergsten |
Publisher | : Peterson Institute |
Total Pages | : 292 |
Release | : 2009 |
Genre | : Business & Economics |
ISBN | : 0881324345 |
Download China's Rise Book in PDF, Epub and Kindle
Helps the United States and the rest of the world better comprehend the facts and dynamics underpinning China's rise. This book analyzes the data on China's economy, foreign and domestic policy, and national security.