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China has achieved significant socio-economic progress and has become a key player on the international stage after several decades of open-door and reform policy. Looking beyond China's transformation, this book focusses on the theme of governance which is widely regarded as the next most critical element to ensure that China's growth remains sustainable.Today, China is confronted with a host of pressing challenges that call for urgent attention. These include the need to rebalance and restructure the economy, the widening income gaps, the poor integration of migrant populations in the urban areas, insufficient public housing and healthcare coverage, the seeming lack of political reforms an...
Asian countries are undergoing rapid political, economic and social transformations; meanwhile, there is a growing demand for knowing more about Asia. This Major Reference Set is designed to help general readers as well as specialists to have a good grasp of the latest developments in Asia in the key areas of economic growth, trade, energy, environment, foreign policy and security.With 4 volumes, this set covers all major dimensions of Asia's political economy. Contributors include both scholars and practitioners who provide first-hand description and analysis of fundamental issues in Asia.Peace and political stability are of ultimate importance, with Asia at the forefront of wealth creation...
The recent financial crisis, rooted in the United States, has changed the world’s economic and financial structures. The Chinese government has made some arrangements in the post-crisis to ensure stable economic growth in volatile international economic environments and to protect its own interests from unfair international monetary treatments. The internationalization of Renminbi (RMB) is one of China's most important national strategies in the 21st century and is symbolic in the rise of China. This book aims to document the process and the development of the internationalization of Renminbi and to identify the challenges. The book introduces an index of internationalization of Renminbi. It also uses a comprehensive multi-variable index to determine the degree of internationalization of Renminbi. This book helps readers to understand the current status of the reformation on China’s currency system, the process of internationalization of the RMB and the current, intricate political and economic relations.
How will China develop under the new leadership of Xi Jinping and Li Keqiang? This is a key question for both China and the wider world. This book presents a comprehensive overview of the key areas and issues, assessing how things are likely to develop under the new leadership. It considers the economy, trade, politics, and demographics; appraises the leadership, both at the national and provincial levels; and discusses potential flashpoints in China’s relationship with its neighbors and China’s emerging role in world politics. The book emphasizes the great uncertainties surrounding the next phase of China’s development, highlighting the structural problems of the economy, the problems of urbanization and governance, and the deep social cleavages which exist over issues such as income disparity, rampant corruption and unequal opportunities in social mobility. Against this backdrop it measures the emerging leadership of Xi Jinping to assess the prospects for China in the next decade and beyond.
In this collection, scholars examine the prospects for China's rise and the emergent and unintended consequences posed by China's internal challenges and international assertiveness. The result is a comprehensive analysis of current policy trends in Xi's China and the implications of these developments for his nation, the US, and East Asia.
Using new research and considering a multidisciplinary set of factors, Contemporary China offers a comprehensive exploration of the making of contemporary China. Provides a unique perspective on China, incorporating newly published materials from within and outside China, in English and Chinese. Discusses both the societal and economic aspects of China’s development, and how these factors have affected Chinese elite politics Includes coverage of recent political scandals such as the dismissal of Bo Xilai and the intrigue surrounding the 18th National Congress elections in late 2012 Discusses the reasons for—and ramifications of—the gap that exists between western perceptions of China and China itself
This book offers extensive and quality research on and original insights into China’s internal regional dynamics. It provides a focused analysis of the internal dynamics and regional economic diversity of China covering the eastern, central and western regions through case study, data analysis and review of state-initiated policy measures. The book also identifies and analyses existing and potential challenges facing China’s regions in their pursuit of sustainable development. Different regions in China have attempted to achieve fast economic growth and move up the industrial value chain through industrial restructuring and upgrading, inter-regional industrial transfer, urbanization or seeking central government’s endorsement of new regional policies. The book examines the difference and similarities among local government policies to boost regional industrial and economic growth and assesses their implications and effectiveness. The author had conducted detailed studies in this field in order to bridge the existing research gap and the book will help to give rise to useful and illuminating discussion.
This book presents a detailed account of the development of strong and substantive economic relations that existed between Singapore and China since the time when the two countries established diplomatic ties in October 1990. The chapters provide a comprehensive discussion of the main areas of cooperation, such as the institutional framework for pursuing economic links, the Suzhou Industrial Park, the Sino-Singapore Tianjin Eco-City, investments, trade, finance, tourism and education. The economic opportunities and challenges in these economic sectors in the two countries are examined in the context of the profound political and social changes taking place in mainland China and the globalization of the world economy. The book will be invaluable to policy-makers, academics and students specializing in Chinese studies, as well as businessmen and the general public interested in seeking a greater understanding of the complex economic relations between the two nations.
The book analyzes the nature of Chinese economy which enables it to go through the financial tsunami pretty unscathed. It discusses the stimulus package designed by the Chinese government to keep the economy on course, as well as its results — both positive and negative aspects in the middle and long term.The 2008-09 financial crisis makes it very clear that we need a two-pronged approach to deal with the situation, namely governments need a) to take quick and decisive actions to stem any further deterioration in financial systems; b) to revamp their economies by refitting existing engines in the real economy. China, as the third largest economy in the world, and with its robust domestic c...