Books
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Displaying results 1 to 10 of 92.
The Jingshan Report »
Opening China’s Financial Sector
Authored by: China Finance 40 Forum Research Group
Publication date: January 2020
The Jingshan Report is a collection of research papers on key issues for China’s financial opening, including reform of the RMB exchange rate regime, management of cross-border capital flows and financial support for the Belt and Road Initiative. Authored by leading experts in the relevant fields, the report examines the evolution, current status and problems with the financial opening policy over the past four decades, and puts forward policy recommendations on how to steadily push forward China’s financial opening.
Partnership for Change »
Australia–China Joint Economic Report
Authored by: East Asian Bureau of Economic Research, China Center for International Economic Exchanges
Publication date: August 2016
The Australia–China Joint Economic Report is the first major independent joint study of the bilateral relationship and has the blessing of both national governments. The Report is an academic policy study by leading researchers in both Australia and China. It draws policy conclusions to guide the development of bilateral economic relations that include an Australia–China Comprehensive Strategic Partnership for Change, an Australia–China Commission, and an Australia–China Basic Treaty of Cooperation.
China's Domestic Transformation in a Global Context »
Edited by: Ligang Song, Ross Garnaut, Cai Fang, Lauren Johnston
Publication date: July 2015
The phrase ‘New Normal’ captures the ongoing shift in the pattern and drivers of China’s economic growth. China’s new growth rate is both slower and imposing difficult structural change. These new economic conditions are challenging yet offer opportunities for China and its economic partners. Reforms must be deepened but also make growth more inclusive and environmentally sustainable, over this decade and beyond.
This year’s Update offers both global context and domestic insight into this challenging new phase of China’s domestic economic transformation. How are policymakers elevating migrant workers concurrent with increasing consumption? Is China’s government spending enough on education and R&D to ensure it can achieve its aspirations to ascend the global manufacturing value chain and avoid the middle-income trap? Are energy market reforms reducing or increasing the price of gas and electricity in China? What are the consequences of China’s financial reforms and expanding Renminbi trading for foreign banks? What does China’s new growth model mean for the international resources economy and for Africa? Do SOEs face market conditions and are they dominating China’s fast-rising outbound investment? What is China’s strategy for navigating fragmented international trade policy negotiations?
China: Regaining Growth Momentum after the Pandemic »
Edited by: Ligang Song, Yixiao Zhou
Publication date: December 2024
The slower growth of the Chinese economy in the aftermath of the pandemic has prompted the Chinese Government to adopt measures to boost domestic consumption and deepen structural reform, with the effectiveness of such policies beginning to be felt. However, China still faces challenges that will affect its growth dynamics down the track. These include the slowdown of its real estate sector, the complex internal and external environments for macroeconomic policy, the high level of income inequality, weak growth in investment by the private sector, negative population growth, high levels of debt, deglobalisation, weakness in the financial sector and equity markets, the inadequacy of its fiscal system and the imperative to decarbonise the economy. China must confront these challenges to maintain growth momentum and achieve higher levels of income and living standards.
The theme of the 2024 China Update book is China: Regaining Growth Momentum after the Pandemic. It discusses some of the challenges and policy issues that are being watched with keen interest by decision-makers and markets alike, including: What are the obstacles to economic growth in the aftermath of the pandemic and how can these be overcome? What are the key challenges and opportunities for China to move to the next level of development against the backdrop of negative population growth? Is it time for a Tax-Sharing System Reform 2.0 to consolidate China’s fiscal position? What are the challenges facing China’s small and medium enterprises? How is China’s business environment faring, and what are the implications for investment? How does China’s urban housing affordability impact its low fertility rate? How will the trade conflict between China and the United States play out regarding semiconductors and other high-tech products? How does China–Africa bilateral agricultural trade impact on African rural transformation?
China Dreams »
Publication date: April 2020
The year 2019 marked a number of significant anniversaries for the People’s Republic of China (PRC), each representing different ‘Chinese dreams’. There was the centennial of the May Fourth Movement — a dream of patriotism and cultural renewal. The PRC celebrated its seventieth anniversary — a dream of revolution and national strength. It was also thirty years since the student-led Protest Movement of 1989 — dreams of democracy and free expression crushed by government dreams of unity and stability. Many of these ‘dreams’ recurred in new guises in 2019. President Xi Jinping tightened his grip on power at home while calling for all citizens to ‘defend China’s honour abroad’. Escalating violence in Hong Kong, the ongoing suppression of Uyghurs in Xinjiang, and deteriorating Sino-US relations dominated the headlines. Alongside stories about China’s advances in artificial intelligence and geneticially modified babies and its ambitions in the Antarctic and outer space, these issues fuelled discussion about what Xi’s own ‘China Dream’ of national rejuvenation means for Chinese citizens and the rest of the world.
The China Story Yearbook: China Dreams reflects on these issues and more. It surveys the dreams, illusions, aspirations, and nightmares that coexisted (and clashed) in 2019 in China and beyond. As ever, we take a cross-disciplinary perspective that recognises the inextricable links between economy, politics, culture, history, language, and society. The Yearbook, with its accessible analysis of the main events and trends of the year, is an essential tool for understanding China’s growing power and influence around the world.
China 2002 »
WTO entry and world recession
Edited by: Ross Garnaut, Ligang Song
Publication date: December 2012
In 2002 China enters the WTO. Long awaited by the world’s trading economies, it now comes in a year of global recession. What effect will China’s entry into the WTO have at a difficult time? The rapid expansion of China’s trade has required large adjustment in its trading partners, and the expansion and adjustment will accelerate with WTO entry. The internal adjustment pressures in China from WTO entry are also immense.
Recently dubbed Australia’s Ambassador to the region by Rowan Callick of the Financial Review, Ross Garnaut was Australia’s ambassador to China through an earlier exciting period when China took its first major steps towards opening to international trade and investment. He was instrumental in the development of China’s thinking about the WTO.
Ross Garnaut is Chairman of the China Economy and Business Program at The Australian National University. Australian members of the Program and their associates gather each year for the China Update.
Ligang Song is leading authority on the internationalisation of the Chinese economy and on the development of the private sector in China. He has worked at Peking University and People’s University in Beijing and at the International University in Tokyo.
This work, originally published by Asia Pacific Press, is reproduced here in the interests of maintaining open access to high-quality academic works no longer in print.
China's Dilemma »
Economic Growth, the Environment and Climate Change
Edited by: Ligang Song, Wing Thye Woo
Publication date: July 2008
China’s Dilemma—Economic Growth, the Environment and Climate Change examines the challenges China will have to confront in order to maintain rapid growth while coping with the global financial turbulence, some rising socially destabilising tensions such as income inequality, an over-exploited environment and the long-term pressures of global warming.
China’s Dilemma discusses key questions that will have an impact on China’s growth path and offers some in-depth analyses as to how China could confront these challenges. The authors address the effect of the global credit crunch and financial shocks on China’s economic growth; China’s contribution to greenhouse gas emissions and emissions reduction schemes; the environmental consequences of foreign direct investment in China; the relationship between air pollution and mortality; the effect of climate change on agricultural output; the coal industry’s compliance with tougher regulations; and the constraints water shortages may impose on China’s economy. It also emphasises the importance of managing the rising demand for energy to moderate oil price increases and placating domestic and international concerns about global warming.
In the thirty years since China started on the path of reform, it has emerged as one of the largest and most dynamic economies in the world. This carries with it the responsibility to balance the requirements of key industries that are driving its development with the need to ensure that its growth is both equitable and sustainable. China’s Dilemma highlights key lessons learned from the past thirty years of reform in order to pave the way for balanced and sustained growth in the future.
China’s Transition to a New Phase of Development »
Edited by: Ligang Song, Yixiao Zhou
Publication date: November 2022
The Chinese economy is currently undergoing fundamental changes. In this context, the 2022 China Update examines the key characteristics of China’s transition towards a new phase of economic growth and development. This year’s update book covers a range of diverse topics that reflect the complex and changing nature of the economy. It explores critical questions: Why does China need a new development paradigm, and what is the best way to achieve it? What are China’s choices when faced with the restructuring of global industrial value chains? What key roles will domestic consumption play in the next phase of China’s development? What does the digital transformation mean for the Chinese economy? What has been the domestic impact of the Covid-19 pandemic on income inequality and labour market outcomes? What pathways exist for China in its transition towards carbon neutrality? How does China’s emissions-trading market compare with that of Europe? How will China’s carbon neutrality strategy affect the Australian economy? What are the political factors influencing bilateral trade flows between China and its trading partners? And what is at stake for China–US relations?
China’s 40 Years of Reform and Development: 1978–2018 »
Edited by: Ross Garnaut, Ligang Song, Cai Fang
Publication date: July 2018
The year 2018 marks 40 years of reform and development in China (1978–2018). This commemorative book assembles some of the world’s most prominent scholars on the Chinese economy to reflect on what has been achieved as a result of the economic reform programs, and to draw out the key lessons that have been learned by the model of growth and development in China over the preceding four decades. This book explores what has happened in the transformation of the Chinese economy in the past 40 years for China itself, as well as for the rest of the world, and discusses the implications of what will happen next in the context of China’s new reform agenda. Focusing on the long-term development strategy amid various old and new challenges that face the economy, this book sets the scene for what the world can expect in China’s fifth decade of reform and development.
A key feature of this book is its comprehensive coverage of the key issues involved in China’s economic reform and development. Included are discussions of China’s 40 years of reform and development in a global perspective; the political economy of economic transformation; the progress of marketisation and changes in market-compatible institutions; the reform program for state-owned enterprises; the financial sector and fiscal system reform, and its foreign exchange system reform; the progress and challenges in economic rebalancing; and the continuing process of China’s global integration. This book further documents and analyses the development experiences including China’s large scale of migration and urbanisation, the demographic structural changes, the private sector development, income distribution, land reform and regional development, agricultural development, and energy and climate change policies.
China's New Place in a World in Crisis »
Economic, Geopolitical and Environmental Dimensions
Edited by: Ross Garnaut, Ligang Song, Wing Thye Woo
Publication date: July 2009
The world and China’s place in it have been transformed over the past year. The pressures for change have come from the most severe global financial crisis ever. The crisis has accelerated China’s emergence as a great power. But China and its global partners have yet to think or work through the consequences of its new position for the governance of world affairs. China’s New Place in a World in Crisis discusses and provides in-depth analysis of the following questions. How have China’s growth prospects been affected by the global crisis? How will the crisis and China’s response to it impact China’s major domestic issues, such as industrialisation, urbanisation and the reform of the state-owned sector of the economy? How will the crisis and the international community’s response to it affect the rapidly emerging new international order? What will be China’s, and other major developing countries’, new role? Can China and the world find a way of breaking the nexus between economic growth and environmental sustainability — especially on the issue of climate change?