Current Politics & Economics of China
Author | : |
Publisher | : |
Total Pages | : 436 |
Release | : 2003 |
Genre | : China |
ISBN | : |
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Author | : |
Publisher | : |
Total Pages | : 436 |
Release | : 2003 |
Genre | : China |
ISBN | : |
Author | : Shiwei Jiang |
Publisher | : Xlibris Corporation |
Total Pages | : 102 |
Release | : 2013-01-28 |
Genre | : Business & Economics |
ISBN | : 1479782629 |
This book grew out of a series of my doctoral essays and discussion with Fulbright scholar, Mr. Tasawar Baig and Professor David Earnest at Old Dominion University. Some ideas and thoughts were also inspired by Professor Robert Putnam at the Harvard University John F. Kennedy School of Government and Professor Zbigniew Kazimierz Brzezinski (former US National Security Advisor) when they did lectures and special discussion with me at Old Dominion University in 2009 and 2012, respectively. In The Third Wave (1991), Samuel Huntington explains various sociopolitical factors caused radical political changes in developing countries. His analysis shows that for Africa, the main obstacle for building democracy is economy, While for East Asia and the Middle East, the major obstacle are culture and religion. Huntington’s analysis oversimplified the driving factors of democratization in specific case, such as China, a hybrid of Capitalist economy and communist politics. This paper measures the current democratization of Chinese politics from three perspectives: social capital, rapid economic development and radical social movement. Thus, the grand question is whether these factors can lead to a regime change in China? The author draws a conclusion that the radical political change is possible but not desirable in Chinese politics. In the eyes of rising Chinese middle Class, a Singaporean political transformation or South Korean democratization is more favored than radical democratization. Following the US Presidential election, China went through a one week meeting of the 18th National Congress starting on November 8, 2012. Without much surprise, Xi replaced Hu, becoming the core of Chinese communist power. The power transition seems to be smooth in Chinese media coverage. However, anecdotes, rumors, unofficial reports and foreign news exposed the political battle behind the stage. President Xi is now facing a stark different situation compared to Hu. Today, China is the world’s second largest economy. At the same time, China is experiencing rising mass disturbance every year. As a non-democracy, leaders’ past experience, network and personality can greatly influence state policies. With more people getting rich and educated, the mass claim the mismatch between Chinese politics and economy. Other than changing domestic Chinese politics, China has drawn much attention internationally. China’s presence in Africa and the Middle East tightens the nerves of U.S. policy makers. Is China a peaceful or benign riser? Where is China heading toward? What interests are Chinese companies pursuing and what strategies are they using globally? The book investigates these questions in different chapters. Globalization is the current trend. As a propeller, China’s participation in global trade greatly shapes world order. In return, global trade also produced effects on China’s domestic labor market, particularly on the traditional Chinese women labors. This book is a sound recipe integrating both faces of China domestically and internationally.
Author | : Congressional Research Service |
Publisher | : Createspace Independent Publishing Platform |
Total Pages | : 52 |
Release | : 2017-09-17 |
Genre | : |
ISBN | : 9781976466953 |
Prior to the initiation of economic reforms and trade liberalization 36 years ago, China maintained policies that kept the economy very poor, stagnant, centrally-controlled, vastly inefficient, and relatively isolated from the global economy. Since opening up to foreign trade and investment and implementing free market reforms in 1979, China has been among the world's fastest-growing economies, with real annual gross domestic product (GDP) growth averaging nearly 10% through 2016. In recent years, China has emerged as a major global economic power. It is now the world's largest economy (on a purchasing power parity basis), manufacturer, merchandise trader, and holder of foreign exchange reserves.The global economic crisis that began in 2008 greatly affected China's economy. China's exports, imports, and foreign direct investment (FDI) inflows declined, GDP growth slowed, and millions of Chinese workers reportedly lost their jobs. The Chinese government responded by implementing a $586 billion economic stimulus package and loosening monetary policies to increase bank lending. Such policies enabled China to effectively weather the effects of the sharp global fall in demand for Chinese products, but may have contributed to overcapacity in several industries and increased debt by Chinese firms and local government. China's economy has slowed in recent years. Real GDP growth has slowed in each of the past six years, dropping from 10.6% in 2010 to 6.7% in 2016, and is projected to slow to 5.7% by 2022.The Chinese government has attempted to steer the economy to a "new normal" of slower, but more stable and sustainable, economic growth. Yet, concerns have deepened in recent years over the health of the Chinese economy. On August 11, 2015, the Chinese government announced that the daily reference rate of the renminbi (RMB) would become more "market-oriented." Over the next three days, the RMB depreciated against the dollar and led to charges that China's goal was to boost exports to help stimulate the economy (which some suspect is in worse shape than indicated by official Chinese economic statistics). Concerns over the state of the Chinese economy appear to have often contributed to volatility in global stock indexes in recent years.The ability of China to maintain a rapidly growing economy in the long run will likely depend largely on the ability of the Chinese government to implement comprehensive economic reforms that more quickly hasten China's transition to a free market economy; rebalance the Chinese economy by making consumer demand, rather than exporting and fixed investment, the main engine of economic growth; boost productivity and innovation; address growing income disparities; and enhance environmental protection. The Chinese government has acknowledged that its current economic growth model needs to be altered and has announced several initiatives to address various economic challenges. In November 2013, the Communist Party of China held the Third Plenum of its 18th Party Congress, which outlined a number of broad policy reforms to boost competition and economic efficiency. For example, the communique stated that the market would now play a "decisive" role in allocating resources in the economy. At the same time, however, the communique emphasized the continued important role of the state sector in China's economy. In addition, many foreign firms have complained that the business climate in China has worsened in recent years. Thus, it remains unclear how committed the Chinese government is to implementing new comprehensive economic reforms.China's economic rise has significant implications for the United States and hence is of major interest to Congress. This report provides background on China's economic rise; describes its current economic structure; identifies the challenges China faces to maintain economic growth; and discusses the challenges, opportunities, and implications of China's economic rise.
Author | : Joseph Fewsmith |
Publisher | : Rowman & Littlefield Publishers |
Total Pages | : 346 |
Release | : 2010-08-16 |
Genre | : Political Science |
ISBN | : 0742567087 |
In this timely book, a group of leading scholars provides a comprehensive assessment of China's polity, economy, and society. Taking the thirtieth anniversary of Beijing's adoption of reform and opening as an occasion to reflect on the course of development over the past three decades, the contributors consider where the country may be going in the future. Just as China has had enormous success in developing its economy, it continues to face equally enormous challenges across a wide variety of issues, including inequality, social protest, energy, the environment, and a resurgence of religion. As a polity, China has tried to build a modern legal system while balancing center-local relations, sustaining a viable ideological framework, and maintaining stable politics at the elite level. At the same time, the current global economic crisis poses a major obstacle to China's model of development. Authoritative, accessible, and current, this book will be an invaluable resource for all readers interested in the fate of a rising global power. Contributions by: Edward A. Cunningham, Joseph Fewsmith, Sebastian Heilmann, Jamie Horsley, Joanna Lewis, Yawei Liu, Barry Naughton, Elizabeth J. Perry, Ren Jiantao, Carl Riskin, Sun Yanfei, Robert Weller, Min Ye, and Yongnian Zheng.
Author | : |
Publisher | : |
Total Pages | : 400 |
Release | : 2003 |
Genre | : Asia |
ISBN | : |
Author | : Xingyuan Feng |
Publisher | : Routledge |
Total Pages | : 244 |
Release | : 2016-07-15 |
Genre | : Business & Economics |
ISBN | : 131553035X |
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.
Author | : Susumu Yabuki |
Publisher | : Routledge |
Total Pages | : 314 |
Release | : 2018-03-05 |
Genre | : Political Science |
ISBN | : 0429981325 |
In the completely revised second edition of this highly praised book, Susumu Yabuki, one of Japan's leading China experts, and Stephen M. Harner, A Shanghai-based investment banker, present a comprehensive and accessible analysis of China's political economy.The authors provide dozens of easy-to-grasp and up-to-date graphs, charts, tables, and maps to illustrate the reality of China, as they explain and comment on political, economic, financial and trade trends.Placing issues in historical perspective, and with a view to trends into the twenty-first century, the authors survey the realities of China's area and population, agriculture, energy needs, pollution, industrial structure, township and village enterprises, state-owned enterprise reform, unemployment, economic regions, foreign investment, state finances, fiscal and monetary policy, China's financial institutions, foreign financial institutions in China, stock markets, international finance, balance of payments and exchange rate policy, corporate finance, the role of Shanghai, government institution reform, foreign trade, the roles of Hong Kong and Taiwan, U.S.-China relations, and Japan-China relations.Useful as an introduction to China's economics, finance, and politics for students, and as a desktop reference volume for corporations, organizations, and individuals considering doing business in China, this unique study fills a genuine gap in the literature.
Author | : Ma Ying |
Publisher | : Routledge |
Total Pages | : 353 |
Release | : 2013-03-05 |
Genre | : Business & Economics |
ISBN | : 1135075905 |
This book is about mutual influences of thinking about economic development in China and in the West, from the 18th century until the present. Its chapters are contributed by development economists and historians of thought from China and other parts of the world. The book describes important stages in the evolution, cross-fertilization and contextual modification of ideas about economic order, development and institutional change. It illustrates how Western concepts and theories have been adopted and adapted to Chinese conditions in different waves of modernization from the late 19th century until the present and that this was and is no one-way traffic. The book examines to what extent pre-classical thinking in the West, in particular French Physiocracy in mid-18th century, was influenced by China as an ideal and a source of ideas, at a time when China was the largest and most advanced economy in the world. It discusses to what extent different approaches of modern Western-style economics, in particular in the fields of development economics and institutional economics, can be used to understand the rapid transitions and developments of the Chinese economy in recent decades, and to what extent they need to be modified in the light of new experiences and insights. Against this background, several contributions to the volume provide assessments of the current state of economic science and teaching in China, in particular with regard to Chinese views on Western economics. The book should be of interest to those who are interested in the economic history of China.
Author | : Maddison Angus |
Publisher | : OECD Publishing |
Total Pages | : 196 |
Release | : 1998-09-25 |
Genre | : |
ISBN | : 9264163557 |
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.
Author | : David B. H. Denoon |
Publisher | : NYU Press |
Total Pages | : 255 |
Release | : 2007-04-01 |
Genre | : History |
ISBN | : 0814721400 |
China’s dramatic transformation over the past fifteen years has drawn its share of attention and fear from the global community and world leaders. Far from the inward-looking days of the Cultural Revolution, modern China today is the world’s fourth largest economy, with a net product larger than that of France and the United Kingdom. And China’s dynamism is by no means limited to its economy: enrollments in secondary and higher education are rapidly expanding, and new means of communication are vastly increasing information available to the Chinese public. In two decades, the Chinese government has also transformed its foreign relations—Beijing is now consulted on virtually every key development within the region. However, the Communist Party of China still dominates all aspects of political life. The Politburo is still self-selecting, Beijing chooses province governors, censorship is widespread, and treatment of dissidents remains harsh. In China, leading experts provide an overview of the region, highlighting key issues as they developed in the People’s Republic of China, Hong Kong, and Taiwan. Edited with an introduction by David B. H. Denoon, an authority on China, this volume of articles covers recent events and key issues in understanding this growing superpower. Organized into three thematic sections—foreign policy and national security, economic policy and social issues, and domestic politics and governance—the essays cover salient topics such as China's military power, de-communization, growing economic strength, nationalism, and the possibility for democracy. The volume also contains current maps as well as a “Recent Chronology of Events” which provides a decade's worth of information on the region, organized by year and by country. Contributors: Liu Binyan, David B.H. Denoon, Bruce J. Dickson, June Teufel Dreyer, Michael Dutton, Elizabeth Economy, Barry Eichengreen, Edward Friedman, Dru C. Gladney, Paul H. B. Godwin, Merle Goldman, Richard Madsen, Barry Naughton, Lucian W. Pye, Tony Saich, David Shambaugh, Robert Sutter, Michael D. Swaine, and Tyrene White.