Economic Development and Reform Deepening in China - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Economic Development and Reform Deepening in China write by Jiagui Chen. This book was released on 2016-09-13. Economic Development and Reform Deepening in China available in PDF, EPUB and Kindle. This book, together with Macro-control and Economic Development in China is a collection of papers written in recent years about maintaining economic growth, managing inflation, the relationship between growth and structural adjustment, control of price growth, maintaining stable economic development, and other relevant aspects of macro-control, economic development, and deepening reform. Chinese government adopts many of the recommendations put forward by the book.
Deepening Reform for China’s Long-term Growth and Development
Deepening Reform for China’s Long-term Growth and Development - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Deepening Reform for China’s Long-term Growth and Development write by Ligang Song. This book was released on 2014-07-10. Deepening Reform for China’s Long-term Growth and Development available in PDF, EPUB and Kindle. The Chinese economy has entered a new phase of development in which sources of growth are not so much dependent upon pure increases in labour, investment and credit expansion, but from productivity improvement, structural changes, technological progress and the benefits from improvement of the social security and welfare improvement. When market functions are fully established to become a main channel for allocating resources, the entrepreneurship will flourish engaging in more innovative activities, workers will move more freely and have more incentives to improve their skills, firms will become more productive through market entry and exit, the economic structure will become more balanced because of the improved resource allocation, and in the end, growth will become more spontaneous and sustainable. In this sense, reforms could deliver ‘dividend’ by raising China’s potential economic growth rates. For China to confront all the challenges it faces at present, the reforms undertaken now have to be deep, comprehensive and far-reaching in order to succeed in paving the way for China to complete the task of transformation in the long-term. There is no better alternative than deepening the market-oriented reform in advancing the course of China’s modernisation for future development and prosperity and lifting China to the status of a developed economy in the next two decades. The recent China update books have covered the topic of reform from different angles and this new book is another attempt to address this important issue.
Economic Lessons from China’s Forty Years of Reform and Opening-up
Economic Lessons from China’s Forty Years of Reform and Opening-up - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Economic Lessons from China’s Forty Years of Reform and Opening-up write by David Daokui Li. This book was released on 2021-03-26. Economic Lessons from China’s Forty Years of Reform and Opening-up available in PDF, EPUB and Kindle. This book first shows that the past 40 years of China's economic reform and opening up represents the greatest magnitude of economic growth in history. Based on field trips, extensive and intensive interviews and literature surveys, this book argues that there are five general lessons for a rapid growing economy from China's economic reform and opening up, all in the area of the relationship between the government and the economy. First, the local governments need to be incentivized to help rapid entry and development of enterprises. Second, local governments need to be incentivized to help rapid land conversion from agricultural to non-agricultural. Third, financial deepening is vital; that is, inducing households to hold more and more financial assets in local currency. Financial deepening is essential to convert savings into investments. This requires financial stability, which is crucial. Fourth, the learning through opening up is the key to endogenous economic growth. The fundamental benefit of opening up is learning rather than enjoying comparative advantage. The fifth and final lesson from China is that the central government must proactively manage the macroeconomy. The rationale is that enterprises compete with each other in games of industrial organization. In order to resolve this problem, proactive measures including market-oriented means, administrative orders and reform measures should be implemented. Overall, the main lesson from China's past 40 years of reform and opening up is that proper incentives and behavior of the government, local and central, are important for economic growth. China has been conducting reforms in this regard and as a result, the government more or less has been playing the role of a "helping hand" regarding economic growth, although China's economic system is far from perfect and many reforms are still needed.
China
China - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook China write by Ross Garnaut. This book was released on 2010-07-01. China available in PDF, EPUB and Kindle. China has made some remarkable achievements during the first three decades of economic reform and opening up, rising to become one of the world's most dynamic and globally-integrated market economies. Yet there remains much unfinished business on the reform and development agenda, coupled with newly emerging challenges. CHINA: THE NEXT TWENTY YEARS OF REFORM AND DEVELOPMENT highlights how the deepening of reforms in critical areas such as domestic factor markets, the exchange rate regime and the health system, combined with the strengthening of channels for effective policy implementation, will enable China to cope with the challenges that lie ahead. These include responding to the pending exhaustion of the unlimited supply of labour; playing a constructive role in reducing global trade imbalances; enhancing firms' ability to innovate; coping with migration, urbanisation and rising inequalities on scales unknown in world history; and dealing with rising energy and metal demand in an era in which low-carbon growth has become a necessity rather than a choice.
Macro-control and Economic Development in China
Macro-control and Economic Development in China - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Macro-control and Economic Development in China write by Jiagui Chen. This book was released on 2016-09-01. Macro-control and Economic Development in China available in PDF, EPUB and Kindle. This book, together with Economic Development and Reform Deepening in China is a collection of papers written in recent years about maintaining economic growth, managing inflation, the relationship between growth and structural adjustment, control of price growth, maintaining stable economic development, and other relevant aspects of macro-control, economic development, and deepening reform. Chinese government adopts many of the recommendations put forward by the book.
