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Is China Buying the World?
China has become the world's second biggest economy and its largest exporter. It possesses the world's largest foreign exchange reserves and has 29 companies in the FT 500 list of the world's largest companies. ‘China's Rise' preoccupies the global media, which regularly carry articles suggesting that it is using its financial resources to ‘buy the world'. Is there any truth to this idea? Or is this just scaremongering by Western commentators who have little interest in a balanced presentation of China's role in the global political economy? In this short book Peter Nolan - one of the leading international experts on China and the global economy - probes behind the media rhetoric and sho...
The State Strikes Back
China's extraordinarily rapid economic growth since 1978, driven by market-oriented reforms, has set world records and continued unabated, despite predictions of an inevitable slowdown. In The State Strikes Back: The End of Economic Reform in China?, renowned China scholar Nicholas R. Lardy argues that China's future growth prospects could be equally bright but are shadowed by the specter of resurgent state dominance, which has begun to diminish the vital role of the market and private firms in China's economy. Lardy's book arrives in timely fashion as a sequel to his pathbreaking Markets over Mao: The Rise of Private Business in China, published by PIIE in 2014. This book mobilizes new data...
Facing Up to Low Productivity Growth
Labor productivity growth in the United States and other advanced countries has slowed dramatically since the mid-2000s, a major factor in their economic stagnation and political turmoil. Economists have been debating the causes of the slowdown and possible remedies for some years. Unaddressed in this discussion is what happens if the slowdown is not reversed. In this volume, a dozen renowned scholars analyze the impact of sustained lower productivity growth on public finances, social protection, trade, capital flows, wages, inequality, and, ultimately, politics in the advanced industrial world. They conclude that slow productivity growth could lead to unpredictable and possibly dangerous new problems, aggravating inequality and increasing concentration of market power. Facing Up to Low Productivity Growth also proposes ways that countries can cope with these consequences.
A New Path
In September 2020, China announced that it would peak carbon dioxide emissions by 2030 and become carbon neutral by 2060. How and whether it can achieve the target is a matter of great concern to the international community. This is the first book to provide a comprehensive analysis of the underlying theory of "Low-Carbon Plus", in which "low carbon" is the core and "plus" represents the critical areas that will go through low-carbon transformation (including industry, agriculture, buildings, transportation, energy and consumption), and puts forward the most practical path for China to achieve carbon neutrality. Starting from the basic theory of the Low-Carbon Plus strategy, the book introdu...
China’s 40 Years of Economic Reform and Development
This book aims to explain the secret to China’s rapid growth over the last 40 years from the viewpoint of a firsthand witness. Zheng Xinli was enrolled as a graduate student of economics 40 years ago, at a time when very few Chinese people could enroll in higher-level education, let alone graduate school. Since 1978, he has been engaged in the study of macroeconomic theory and economic policy. He has worked with the economic group of the Research Section of the Secretariat of the Central Committee of the Communist Party of China, the State Information Center, and the Policy Research Office of the State Planning Commission, as well as other organizations. His work serves to help Chinese lea...
The Rise of Think Tanks in China
Despite continuing criticism of the Chinese authoritarian political system, the range of participants in the decision-making process has widened, with different social actors now playing an increasingly important role in the Chinese policymaking process. Accordingly, the role of think tanks in the policymaking process has generated great interest within and outside China. This book explores the behaviour and influence of China's think tanks, and explains the reasons and social consequences of the rise of think tanks in China. The book raises several questions on the topic: How did think tanks emerge in China? What are the essential factors that determine think tanks in terms of building thei...
Looking for A Road
Which three stages of the evolution of world order has China gone through? How does China deal with its neighbors, and with the countries on its periphery? How will China and the United States avoid falling into ‘The Thucydides Trap’? What led China to propose the ‘One-Belt-One-Road’ joint development initiative? This volume, the first of its kind, gathers a collection of translations of influential essays, speeches, and papers on Chinese foreign policy, national security, and foreign economic relations written by Chinese scholars. Many papers have also served as propositions for policy prescriptions to China's leaders, the vast majority of which have, to date, only been available in Chinese.
China Goes Global
Eminent China scholar David Shambaugh's China Goes Global is the sweeping synthesis of that nation's growing prominence on the world stage that we have been waiting for. Thirty years ago, China's role in global affairs beyond its immediate East Asian periphery was decidedly minor. Its military was extremely weak, and it had little geostrategic power. As Shambaugh charts, though, China's expanding economic power has allowed it extend its reach and influence virtually everywhere. After establishing the main precondition—the astounding growth of the Chinese economy—Shambaugh turns his focus to the manifestations of China's global ambitions: its growing military power, characterized best by its current pursuit of a blue-water navy; its increasing cultural influence (i.e., "soft power"); and its new prominence in global governance institutions like the G-20. He is no alarmist, however. Rather, he will draw on his extremely deep knowledge of the subject to offer a balanced and well reasoned account of where China is now and where he thinks it is headed.
