One of the most dramatic events in the global economy over the past few decades has been the rise of China as a global economic power. From humble beginnings in the late 1970s, the policy shift in China from a planned to market economy has led to economic growth of tremendous speed.
This book examines the changes taking place in China’s economy today and the impacts of these changes in China and abroad. The central theme is that the rapid economic growth has come at a cost, as many problems have emerged as a result in China’s economy and society, including a dramatic rich-poor gap, labour issues, problems in the banking sector and severe inflation in the cost of housing, as well as challenges with respect to China’s external trade. The Chinese government recognizes these problems and is taking steps to rebalance its economy and society. The book takes a political economy perspective in order to investigate the interplay between the political system in China and the way in which the economy is structured, and the manner in which economic changes take place. Demonstrating that in order for China to achieve sustained economic growth and social improvement it must undertake serious policy changes, it also highlights that if countries are going to deal with China in a stable and productive manner, a thorough understanding of key contemporary developments in that country is vital.
Covering a range of the most pertinent issues facing China today, this book will be of interest to students and scholars of Chinese Economics, Economic Development and Political Economy.
Chapter 1.Introduction Curtis Andressen Chapter 2. Rising Labor Costs in China: A Problem or an Opportunity? Michael Schiavone Chapter 3. Geographic labour mobility, workers and family in China and Australia Dr Helen McLaren Chapter 4. The Contradictions of Developmentalism and the Chinese Party-State’s Goal of Ethnic Harmony: the case of Xinjiang Dr Gerry Groot Chapter 5. Spatial Analysis on the Contribution of Industrial Structural Adjustment to Regional Energy Efficiency: A Case Study of 31 Provinces across China Jiajun Liu Chapter 6. WTO Accession and Efficiency Gains: Evidence from China’s Banking Sector Kai Du Chapter 7. The Faster Things Change, the More They Stay the Same: The Influence of Cultural Norms, Customs and Traditions on Venture Capital in China Zhiqiang Xia, Noel Lindsay, Pi-Shen Seet and Steve Goodman Chapter 8. Inter-generational Transitions of Family Businesses using Private Equity – Lessons for China and Australia from Chinese Family-Owned Enterprises in Singapore Pi-Shen Seet, Christopher Graves and Wee-Liang TanChapter 9. Confucian Principles to Enhance China’s Environmental Governance Han Lin and Jeffrey Gil Chapter 10. The contribution of the Clean Development Mechanism (CDM) towards China’s climate change mitigation and sustainable development Han Lin Chapter 11. Changing Economies for a More Sustainable Future: The Influence of Stakeholders and Environmental Reporting Developments in Transforming Chinese Corporate Practices Hui Situ, Carol Tilt, Pi-Shen Seet and Max Smith Chapter 12. Education, Globalisation and Rural Contexts: Learning for Staying, Learning for Leaving or Learning for Choice? R. John Halsey Chapter 13. Why Beijing rules the property market - rethinking the role of "five new measures" in regulating the property market under a new era of China’s leadership transition Po-shan Yu, Lei Xu and Mervyn K. Lewis Chapter 14. China: Accelerating the Strategic Transformation of Foreign Trade Development Mode Lei Feng and Ai-Ying Jiang Chapter 15. Correlation Analysis of Trade in Services OFDI and Industrial Structure Optimization in China Jing Tang Chapter 16. China: Accelerating the Strategic Transformation of Foreign Trade Development Mode Lei Feng