China S Politics And Economy In 1999

What the Jiang Zemin leadership faced in 1999 can be characterized by a century-old Chinese saying, neiyou waihuan (literally, “internal disturbance and external threat”). What with the worst growth record in a decade, the Falun Gong sect's siege of Zhongnanhai, Nato's bombing of the Chinese embassy in Yugoslavia, and Lee Teng-hui's new “two-state” theory, the Chinese leadership was under tremendous pressure throughout the year. Many have wondered if that leadership could still hold its own at the turn of the century. This volume provides the reader with an in-depth analysis of how the Chinese leadership coped with the crises during the year. Though there was fair success in managing those crises, serious crises lie ahead which could significantly impact the leadership. China's economic slowdown may be bottoming out, but increasing Party decay, a growing spiritual vacuum, and volatile cross-strait relations are likely to pose serious threats to the leadership. Contents:China's Politics in 1999: Neiyou Waihuan (Zheng Yongnian)China's Economy in 1999: Bottoming Out and Poised to Rebound (John Wong) Readership: General. Keywords:

This concise 1999 introduction focuses on China's transition to economic modernisation.

"the book is of greatest benefit to students of quantum mechanics who want to learn more than solely computational recipes and predictive tools of the theory, and, in this sense, the book really fills a gap in the literature".Mathematical Reviews, 1999

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."

With the new team of Chinese leaders at the helm following the successful hosting of the 16th Party Congress in November 2002, the attention of China's scholars has now shifted to the raft of challenges that await the new leadership. In the economic realm, there is unlikely to be any sharp changes in the direction of economic policy-making although the leadership faces a number of daunting issues, such as rising urban unemployment, potential rural unrest and the huge debt burden of state banks. In the political arena, power succession has only just begun even though leadership transition is almost complete. Jiang Zemin remains highly influential in his capacity as Chairman of the Central Military Commission. It is however unclear how the working relationship among the triumvirate Hu Jintao, Zeng Qinghong and Wen Jiabao will unfold. The jury is still out whether Hu Jintao can provide the leadership and vision to deal head-on with a number of burning issues, like corruption and the need for political reform.

Prepared by the East Asian Institute, NUS, which promotes research on East Asian developments particularly the political, economic and social development of contemporary China (including Hong Kong and Taiwan), this series of research reports is intended for policy makers and readers who want to keep abreast of the latest developments in China. Contains two articles, 'China and the Asian Financial Crisis: An Update' and 'China's Economy in 1998'

China has made great success in improving its foreign relations with other countries in 1998. Jiang Zemin's visit to the United States and Japan clearly showed that China would continually uphold its open-door policy and economic reform. It is significant to most economic analysts that China has still recorded 7.8% economic growth under the Asian financial crisis. China Review 1999, the ninth volume of this series, is an expert survey of China's major sectors of interest, which critically summarizes the development of the previous year in core chapters covering politics, the economy, and social change. This volume has several in-depth presentations on political and social-economic issues, such as the Sino-U.S. relations, Mainland-Taiwan relations, the economic performance of 1998 -- all major concerns to those interested in the development of the People's Republic. Additional studies describe rarely featured areas of Chinese society.

This comprehensive, interpretive economic history presents the dramatic recent changes in China's approach to economic organization and development in an historical context.