Catalogue


The Chinese economy and its challenges : transformation of a rising economic power /
Charles C.L. Kwong.
imprint
Abingdon, Oxon ; New York, NY : Routledge, 2020.
description
ix, 158 pages ; 24 cm.
ISBN
1138785016, 9781138785014, 9781351051224
format(s)
Book
Holdings
More Details
imprint
Abingdon, Oxon ; New York, NY : Routledge, 2020.
isbn
1138785016
9781138785014
9781351051224
contents note
Transformation, initial success and challenges embedded -- The rural economy: a sector lagging behind -- State-owned enterprises: big and strong? -- The banking sector: struggle between commercial and policy loans -- China and the world: a new form of integration -- A change in development model: a key to sustained success -- Conclusion: transformation and challenges of a rising economic power: from rapid growth to sustained growth.
abstract
"The remarkable transformation of the Chinese economy in terms of its structure and growth has drawn unprecedented attention from academics, policy makers and businessmen alike. In the past four decades, China swiftly transformed from a centrally-planned to a market-oriented economy, with an economic size just behind the US and ahead of Japan. Amid commendations for China's economic success offering valuable reform and growth lessons to other developing countries, underlying challenges have been emerging, which constitute long-term risks in shaking China's sustainable success. These challenges encompass a wide range of sectors and issues such as the rural-urban divide, state monopoly, policy loans in banking sector, lack of skilled and sophisticated workers, environmental degradation, etc. This book unveils the risks and challenges embedded in China's spectacular economic success and demonstrates that effective handling of these challenges is vital for China to avoid falling into "middle-income trap". It is elucidated that feasible solutions are available to accommodate these risks and the clue of success lies on the willingness and ability of China's central leaders to implement further reforms. This book is a valuable reference for undergraduate and postgraduate students, academics, public and business policy makers, who are concerned about the current status and future development of the Chinese economy"--
catalogue key
13160374
 
Includes bibliographical references and index.

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