China S Economy Into The New Century

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 ?socialist market economy?, 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 1999?2001. 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.

By 2015, China may well have the world's largest economy. In The Chinese Century, Oded Shenkar shows how China is restoring its imperial glory by infusing modern technology and market economics into a non-democratic system controlled by the Communist party and bureaucracy. Shenkar shows why China's quest for global success differs radically from predecessors such as Japan, India, and Mexico... why it represents a fundamental restructuring of the global business system... and why it will transform the roles of participants in the global economy. He previews tomorrow's new competitive ground rules, terms of employment, and consumption patterns, and shows how Chinese ascendancy is redrawing political, economic, and social battle lines. Learn why the U.S. is most vulnerable to China's ascent... how China's disregard for intellectual property creates sustainable competitive advantage... how China's growth impacts global businesses and individual purchasing decisions. Above all, Shenkar shows what you must do to survive and prosper in "The Chinese Century."

This book is a faithful record of China’s economy that spans almost 70 years. Starting from 1949, it portrays in a panoramic picture how the economy has developed over these decades. From the initial restoration and retrenchment, to the great leap outward that resulted in the two phases of economic reform; from its accession to the WTO to the unprecedented process of urbanization, the book uses four chapters to depict in a chronological order how China becomes what it is today. For scholars on modern Chinese economy, this book offers a detailed account of a wide range of events that happened during clearly-divided time periods. On this basis, they can deepen their research on different individual subjects. Teachers of universities and colleges may use this book as a reference when preparing relevant courses. For economics majors, this book is a key that helps them clarify important issues. Learners who are interested in knowing more about China, especially the dramatic changes that have taken place in its economic scene, can equally acquire the needed facts and figures.

The first volume in the China 2020 seven-volume set, China 2020: Development Challenges in the New Century, provides an overview of the country's strengths and weaknesses as well as its obstacles and options. The report argues that China can meet these challenges and sustain rapid growth, mainly because of its strengths including its relative stability, a remarkably high savings rate, a strong record of pragmatic reforms, a disciplined and literate labor force, a supportive Chinese diaspora, and growing administrative capacity. These strengths have driven the country's growth for the past two decades and can continue to do so over the next two. To nurture these strengths and use them effectively, however, reforms must develop in three related areas: the spread of market forces must be encouraged; the government must begin serving markets by building the legal, social, physical, and institutional infrastructure, and integration with the world economy must be deepened.

China, The 21St Century'S New #1 Economic Superpower? What It Will Mean To You. By 2015, China May Well Have The World'S Largest Economy. That Will Powerfully Impact You: Your Job, Your Company, Your Economic Future, And Your Country. In The Chinese Century, Oded Shenkar Shows How China Is Restoring Its Imperial Glory By Infusing Modern Technology And Market Economics Into A Non-Democratic System Controlled By The Communist Party And Bureaucracy. Shenkar Shows Why China'S Quest For Global Success Differs Radically From Predecessors Such As Japan, India, And Mexico... Why It Represents A Fundamental Restructuring Of The Global Business System... And Why It Will Transform The Roles Of Participants In The Global Economy. He Previews Tomorrow'S New Competitive Ground Rules, Terms Of Employment, And Consumption Patterns, And Shows How Chinese Ascendancy Is Redrawing Political, Economic, And Social Battle Lines. You'Ll Learn Why The U.S. Is Most Vulnerable To China'S Ascent... How China'S Disregard For Intellectual Property Creates Sustainable Competitive Advantage... How China'S Growth Impacts Global Businesses And Individual Purchasing Decisions. Above All, Shenkar Shows What You Must Do To Survive And Prosper In The Chinese Century.

The study provides a major reassessment of the scale and scope of China’s resurgence over the past half century, employing quantitative measurement techniques which are standard practice in OECD countries, but which have not hitherto been available for China.

This is a book discussing China's economic transition and development since the beginning of modern times. The book is chronologically divided into eight connected chapters that collectively provide a comprehensive and coherent discussion of the book's focus - China's economic transition and development in modern and contemporary times. However, each one of the eight chapters is sufficiently self-contained and can be read on its own, which potentially enhances the usefulness of the book. Chapter 1 provides an introduction and overview. All the subsequent chapters go into detail with each one of them pertaining to a specific historical time period as the corresponding chapter title properly implies. Chapter 2 focuses on the period of transformational development of the Late Qing Dynasty and the socio-economic situation after the founding of the Republic of China. Chapter 3 is about the Chinese economy in wars and covers the period of the Anti-Japanese War and China's War of Liberation. Chapter 4 is concerned with the economy under the early governance of the People's Republic of China while Chapter 5 focuses on the subsequent twists and turns of the socialist economic construction. The longest chapter, Chapter 6 is devoted to the great turning point in the history of China's socialist construction - the reform and opening up. The last two chapters, Chapters 7 and 8, stride into the 21st Century. Chapter 7 is about the new stage of China's economy, new development strategies, completion and prospect, and the achievements of the first 12 years into the new century, while Chapter 8 discusses the economic new normal and the socialism with Chinese characteristics for a new era.

This book is unique in covering all important topics of the Chinese economy in depth but written in a language understandable to the layman and yet challenging to the expert. Beginning with entrepreneurship that propels the dynamic economic changes in China today, the book is organized into four broad parts to discuss China's economic development, to analyze significant economic issues, to recommend economic policies and to comment on the timely economic issues in the American economy for comparison.Unlike a textbook, the discussion is original and thought-provoking. It is written by a most distinguished economist who has studied the Chinese economy for thirty years, after making breathtaking contributions to the fields of econometrics, applied economics and dynamic economics and serving as a major adviser to the government of Taiwan during its period of rapid development in the 1960s and 1970s. In the last thirty years, the author has served as a major adviser to the government of China on economic reform and important economic policies and cooperated with the Ministry of Education to introduce and promote the development of modern economics in China, including training hundreds of economists in China and placing many graduate students to pursue a doctoral degrees in economics in leading universities in the US and Canada. These graduates now plays pivotal roles in China and in the US in academics, business or government institutions. The essays, a culmination of the author's expertise in China over five decades, are being widely read in China. When the author became professor emeritus at Princeton, the University named the Econometric Research Program as the Gregory C Chow Econometric Research Program in his honor.