China S Economic Modernisation And Structural Changes Essays In Honour Of John Wong

This book provides a timely update on the ongoing transformation of the Chinese economy. As the world's second largest economy, China marked the 40th anniversary of economic reform and opening-up in 2018. In this book, top scholars on Chinese economic studies review China's remarkable economic achievement in the past four decades and analyse the challenges facing economic development in the country.The book focusses on structural changes of China's economy, which are essential to steer the country towards sustainable development. It studies the long-term factors affecting the Chinese economy such as education and innovation, and emerging sources of economic growth, such as e-commerce. Other important aspects of the Chinese economy explored in this book include the economic role of the Chinese government, fiscal reforms, capital account liberalisation, housing policies, competition policy and anti-monopoly law, China's export, trends of regional development and reforms of state-owned enterprises.This rich collection of policy-oriented economic studies is also a tribute to Professor John Wong, former research director of the East Asian Institute, National University of Singapore, who passed away in June 2018. For over three decades, Professor Wong had followed and provided insightful analyses on China's economic development.

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."

This book is a collection of essays in honour of Professor Wang Gungwu. Professor Wang is not only a great historian on Chinese history in general and the Chinese overseas in particular, but has much wider influence through remarkable domain crossing, namely spatial crossing characterised by geographical straddling between inside and outside of China, temporal crossing from the ancient past to the contemporary, inter-disciplinary crossing from history to the social sciences, and intellectual crossing from the academia to public activism. He has been a long-lasting source of inspiration for understanding some of the most pressing and complex issues in our times, including the nature of China's rise and its implications for the regional and world order. In a nutshell, this book presents Wang as a highly active educator-scholar who has achieved the highest academic standard as well as far-reaching influence over issues that concern all walks of life.By focusing on the theme of Chineseness and China's modernity, this book adds depth to the analysis of China's rise and its implications for the region and the world. It contains a chapter providing the most comprehensive and updated review of Wang's scholarship thus far. Another chapter demonstrates how Wang, based on his deep understanding of Chinese civilisation and history, articulates a distinct view of the world order that differs from either the thesis of 'Thucydides's trap' or the advocacy of mutual accommodation. Interestingly, this book also includes a chapter that highlights Wang's 'Southeast Asian-ness', suggesting that Wang's scholarship cautions against not only western-centric views towards China, but also Sino-centric views towards Southeast Asia. In short, this edited volume is both a reference book for understanding Wang's scholarship and an extension of his scholarship to the analysis of China's growing international influence and its implications for the world order.

This book aims to contribute to the debate on 'authoritarian resilience' with empirical studies from a range of perspectives, including regime support, nationalism, environmental movement, ethnic conflicts and internet management. The chapters in this book centre around two separate but intertwined themes and are collated to discuss on the stability of China in Xi Jinping's era. The first theme examines changes in political attitudes and values among Chinese citizens, and the second focuses on the responses of the party-state and how it has made sophisticated the machine of social control.

The book is part of the recent effort to catch up with the research on the Chinese Communist Party (CCP). Despite its omnipresence and pivotal role in running the country, there has been a conspicuous shortage of references to the Party in most studies related to China. In its stead, the academic literature as well as popular discussions has too often treated the CCP as a type of regime destined to the dustbin of history. The inadequacy of research in this area is understandable because CCP is a tightly organised Leninist party which has kept much of its internal affairs confidential. This book examines the key aspects of the transformation of CCP in the rapidly changing national and global context. It highlights the problems faced by the ruling Leninist party in adapting to a capitalistic environment that its organisations cannot fully control and its ideology cannot effectively rationalise. It also examines CCP's strategies for adaptation in the areas of ideological reformulation, party-society relations and the ways of exercising power and maintaining internal cohesion. In addition to helping the readers understand how China is ruled and how the Chinese system operates, the book also highlights the evolutionary dynamics of Chinese politics in the environment created by CCP's reform and open-door policies.

Introduction -- ch. 1. China and East Asia production network -- ch. 2. The internationalisation of China's Renminbi -- ch. 3. The internationalisation of Chinese enterprises -- ch. 4. Cross-strait economic relations: Taiwan's perspective -- ch. 5. CEPA and Mainland-Hong Kong's economic relations --ch. 6. China-Asean economic relations remain resilient despite rising challenges -- ch. 7. Ever-bonding Sino-Korean economic relationship but questionable contribution to regional integration -- ch. 8. China and Japan: great economic integration without a bilateral free trade agreement -- ch. 9. The political economy of East Asia economic integration.

This book studies the Suzhou Industrial Park, a flagship project between the governments of Singapore and China, in a holistic manner, by highlighting not only its economic progress but also the developments on the social front such as its neighbourhood centres, schools, housing and talent attraction. The success of the Park should be assessed keeping in view not only its economic achievements alone, but also its ability to attract residents to live and play in it. Making the Suzhou Industrial Park economically and socially attractive is thus a perennial challenge and remains key to the continued success of the industrial park.This book details Suzhou Industrial Park's latest effort in industrial upgrading and transformation in terms of new growth areas as well as the challenges faced. It examines the social achievements of the Park, which are critical in enhancing the overall attractiveness of the Park and distinguishes it from other industrial parks in China and elsewhere. It also highlights how the experiences of the Suzhou Industrial Park is being replicated not only in the Jiangsu province, but also in other provinces and autonomous regions in China.