The Political Economy Of China S Systemic Transformation

The future success of China's rapidly growing economy remains uncertain. This book analyzes official documents, data and current writings of recognized academicians investigating China's experience with systemic restructuring.

The Political Economy of China's Great Transformation consists of three parts: first, covering the current political transformation, providing a general political background for the socio-economic, fiscal and urban and rural transformation. The book analyses the economic transformation and addresses the shortcomings of existing interpretations of the "Chinese Miracle" and develops a new multi-dimensional framework. In addition, it shows how the private sector has been developing and what a major role it is playing in pushing forward the overall economic development. The book also focuses on the analysis of China's fiscal transformation. With the set of refined principles of fiscal federalism that the author has developed, it examines the problems of Chinese fiscal federalism in contrast to them. It further elaborates on topics such as the local government debt and explains why further reforms are necessary, making this book a very comprehensive read to understand China's progress.

"This book analyses China's multidimensional rise in the context of the international political economy, drawing on Susan Strange's concept of 'structural power.' Examining the sources of Chinese power along with its geopolitical, economic, and cultural reflections, the authors consider how China's rise is linked with the incremental process of multipolarization in world politics. Providing a systematic, analytical, and empirically rich account of China's surge in the international political economy, this study will appeal to scholars, policy-makers, and students with interests in China studies, international political economy, and international relations"--

This book takes a fresh look at Chinese political economy at a key inflection point. Facing a more competitive international environment, Chinese reform has shifted from its earlier focus on economic liberalization and political decentralization to a more tightly organized, centralized form of state socialism. The Party-state's vigorous fiscal reaction to the Global Financial Crisis (2008-2009) left the country with a much improved infrastructure and greater sense of national self-assurance. The more monocratic central leadership has redoubled efforts to fight poverty and pollution, push technological innovation, and at the same time rigorously enforce ideological consensus, political loyalty and anticorruption.This has been occurring in an international context of slowing trade and nationalist pushback against 'globalization', prominently including bilateral Chinese-American polarization. While China has been among the staunchest advocates and beneficiaries of globalization, incipient trade war 'decoupling' has spurred movement toward economic and technological self-reliance. Turning inward however vies with a rival impulse toward more vigorous engagement in the world. This is most consequentially represented by the Belt and Road Initiative, driving massive infrastructure construction through Central Asia and the South and Southeast Asian maritime periphery. Despite slowing growth and a large debt overhang, swift recovery from the Covid-19 epidemic leaves China in a relatively strong economic position.

This textbook seeks to construct a descriptive–analytical account of contemporary Chinese economic transformation. It examines a range of topical issues that are of central importance in highlighting the systemic dynamics, multiple determinants and complex implications of the transformation. The descriptive elements provide a structured narrative of the main trends of economic reform and development. The analytical elements help to deepen the understanding of the transformation.The book provides good insights for grasping the world-significance of contemporary Chinese economic transformation and its future prospects. The knowledge will be of intellectual importance for students of Chinese political economy, and of practical importance for business and social activities related to China.

In this new, revised edition author Doug Guthrie updates his story on modern China and provides the latest authoritative data and examples from current events to chart where this dynamically changing society is headed and what the likely consequences for the rest of the world will be.

Will China's recent economic growth continue at the same rate? For how long? What obstacles lie in the way of sustained growth? Who gains and why? Gregory Chow covers these and many other issues. Provides a penetrating and comprehensive analysis of the historical, institutional and theoretical factors that have contributed to China's economic success Reveals new findings concerning the roles of market institutions, Chinese human capital, private ownership, forms of government, political conditions, and bureaucratic economic institutions The new edition covers a diverse set of important issues: environmental restraints; income distribution; rural poverty; the education system; healthcare; exchange rate policies; monetary policies; and financial regulation.

The most comprehensive English-language overview of the modern Chinese economy, covering China's economic development since 1949 and post-1978 reforms--from industrial change and agricultural organization to science and technology.