Chinese Surplus

The traditional flow of goods from primary production through to manufacturing and consumption has expanded across international borders conterminously with globalization. Vertical specialization (VS) in processing and manufacturing in China has driven export growth. In particular, intra-industry and intra-product trade between China, the US and East Asia has increased China’s trade surplus over the long term. Vertical Specialization and Trade Surplus in China aims to measure the level of VS in the Chinese manufacturing industry to provide a more accurate representation of China’s trade surplus, and gives empirical analysis on provinces and products with important VS activities in order to assess China’s trade value-added. Exploring the vertical division of labour, and foreign direct investment (FDI) driving China’s import and export imbalance, the book is divided into eight chapters, each covering an aspect of VS in China. The first chapter outlines the aims and method of the study. Chapter two covers VS trade pattern and trade surplus. Chapter three looks at FDI and the import and export imbalance, and chapter four covers the relationship between VS and import and export of foreign invested enterprises. The fifth chapter considers the causes and prospects for growth in China-US and China-Japan trade. Chapters six and seven give an empirical analysis of VS and trade surplus, and a breakdown of VS per industry in China’s provinces. Finally, chapter eight considers rebalancing imports and exports in China. Measures VS across China including the developed provinces based on the newest input-output table Presents the main provinces and products closely related to VS Gives evidence on global VS trade patterns from China’s national data

Ari Larissa Heinrich examines transnational Chinese aesthetic production--from the earliest appearance of Frankenstein in China to the more recent phenomenon of "cadaver art"-- to demonstrate how representations of the medically commodified body can illuminate the effects of biopolitical violence and postcolonialism in contemporary life.

An indispensable reference to the development of the Chinese economy—past, present, and future. —DALE W. JORGENSON, Samuel W. Morris University Professor, Harvard University Since China undertook economic reform and opened its economy to the world in the late 1970s, its economy has been growing at an average annual rate of over 9 percent for more than four decades. No other economy in recorded history has grown at such a high rate and for such a long period as China has done. The questions that naturally arise are: Was the Chinese economy a miracle? Or was it a mere bubble? Will the Chinese economy begin to stagnate like the Japanese economy did in the 1990s, and perhaps decline? Will it be able to escape the “middle-income trap”? If it is not a miracle, can the Chinese development experience be replicated elsewhere? This book provides a comprehensive and detailed discussion of the remarkable growth of the Chinese economy over the past decades, by scrutinising the sources of economic growth, and evaluating the strategies adopted by the Chinese government to promote the transition from a centrally-planned economy to a market-based economy by means of the “dual-track” approach. It is argued that, while the Chinese economy is unique and exceptional in many ways, its development experience can be explained and attributed. ------------------------------------------------------------------------------------------------------------------------------- A comprehensive and detailed discussion of the remarkable growth of the Chinese economy at nearly double-digit rates in the four decades since the reforms of Deng Xiaoping in 1978. This volume will be an indispensable reference to the development of the Chinese economy—past, present, and future. —Dale W. Jorgenson Samuel W. Morris University Professor, Harvard University Lawrence Lau’s discussion and economic reasoning with regard to the economic development of China dispels the view that the Chinese economic development since the opening up in the late 1970s was bubble. I found his reasoning fascinating and his arguments that other countries can replicate the Chinese experience to facilitate their own development sound and well-reasoned. This book will be read and discussed by scholars and practitioners interested in a better understanding of the road to economic development. —Myron Scholes Nobel Laureate in Economic Sciences (1997) Professor Emeritus, Stanford University The essays in this book present a rich and informed analysis of China’s long-run economic development. They provide a unique insight into the Chinese economy at a crucial point in the country’s development. The essays have deep analytical weight, reflecting Lawrence Lau’s outstanding contribution to economic thought and policy formation in China. —Peter Nolan Founding Director, Centre of Development Studies, University of Cambridge This is a great and well-researched book. As a distinguished scholar and renowned adviser to Chinese economic policymakers, Professor Lawrence Lau utilizes extensive data and economic models to evaluate the various sources of growth since China’s 1978 reforms from an innovative perspective. The book juxtaposes China’s experience with other East Asian economies, offering unique and deep insights into its distinctive development path. It’s essential reading for politicians, scholars, business leaders, investors, students, and anyone interested in understanding China better. —Junsen Zhang Dean and Distinguished University Professor, School of Economics, Zhejiang University Fellow of the Econometric Society

This edited volume addresses one of the most significant issues in international strategic studies today: how to meet the challenge of a rising China? The contributors take a global view of the topic, offering unique and often controversial perspectives on the nature of the China challenge. The book approaches the subject from a variety of angles, including realist, offensive realist, institutional, power transition, interdependence, and constructivist perspectives. Chapters explore such issues as the US response to the China challenge, Japan’s shifting strategy toward a rising China, EU-China relations, China’s strategic partnership with Russia and India, and the implications of "unipolarity" for China, the US and the world. In doing so, the volume offers insights into some of the key questions surrounding China’s grand strategy and its potential effects on to the existing international order.

The book summarizes the 60 year development of economic theories, explaining in detail the features and development of economic theories from 1949 to 1976 and in the reform and opening-up period. The author has made a systematic theoretical analysis on the economic situation from two different stages — before and after China's reform and opening-up, which put forward many unconventional point of view, and it has contributed visionary ideas for the research on China's economy. It provide the readers with a general understanding of the economic trend and development of contemporary China, with many pertinent answer to the practical and concrete problems about China's economy.

Now available in a fully-revised and updated third edition, thisestablished textbook provides a penetrating and comprehensiveanalysis of the historical, institutional, and theoretical factorsthat have contributed to China’s economic success. Includes coverage of China’s foreign investments, tradewith regional partners, Chinese human capital, and bureaucraticeconomic institutions Covers a diverse set of important issues, includingenvironmental restraints, income distribution, rural poverty, theeducation system, healthcare, exchange rate policies, monetarypolicies, and financial regulation Accessibly written and intelligently organized to offer astraightforward guide to China’s economic evolution Written by a lauded economist, researcher, and advisor togovernment officials in mainland China and Taiwan

Economic reform in China has led to migration of people on a scale never before seen in the country. Since China's new industrial revolution began in the late-1970s, there has been a flow of tens of millions of surplus rural labourers and their families moving from rural to urban areas. This phenomenon has been described in terms of both a blessing for China's economic development and a threat against its social order. This volume examines the different aspects of internal Chinese migration, including a brief introduction to current research and pointers to the methodological traps that can occur in the field.

An emerging star in the field of US-China policy pairs leading scholars from both the US and China in dialogues about the most crucial elements of the relationship.