Although Chinese economic growth continues strong, and although China coped very well with the recent global crisis, the Chinese economy faces many challenges, including how to sustain growth, how to rebalance the economy towards more domestic consumption, how to accommodate rising wages, growing social and regional inequality, and how to reform financial and monetary policies. This book examines the key challenges currently facing the Chinese economy. It considers Chinas’ increasing global impact, discusses the institutional drivers of China’s economic growth, assesses critically China’s need for structural reform, and explores issues related to sustainability and human rights.
Introduction Jun Li and Liming Wang Part 1: Understanding China’s Economic Dynamics 1. Sub-optimal Institutions but Superior Growth: The Puzzle of China’s Economic Boom Martin King Whyte 2. China’s Real Experience: The Crises with Subsequent Soft Landing after the Reform of 1978 Wen Tiejun, Dong Xiaodan, Qiu Jiansheng, Du Jie, Translated by Erebus Wong 3. The "Beijing Consensus" and the "Singapore Model": Unmasking the Myth of an Alternative Authoritarian State-capitalist Model Stephan Ortmann 4. The People’s Bank of China during the Global Financial Crisis: Policy Responses and Beyond Miao Han Part 2: China and the World 5. Growth and Transition to a New Growth Trajectory Dilip K. Das 6. Sino-African Health Diplomacy: How Political Economic Ideology and Approaches to Foreign Policy can Affect Health Aid Paul Kadetz 7. The External Dimension of China’s Economic Development: A European Perspective Julien F. Wielpütz Part 3: China's Structural Reforms and the World 8. State-owned Enterprises (SOEs) in China’s Transition to an Innovation-driven Economy Zheng Li and Jun Li 9. China’s Outward FDI: An Industry-level Analysis of Host Country Determinants Alessia Amighini, Roberta Rabellotti and Marco Sanfilippo 10. A Dynamics of Labor Migration Zhao Jianglin 11. Restrictive Factors and Countermeasures to the Transfer of Contractual Management Right of Rural Land in Sichuan Province Xiulan Chen and Suyun Feng Part 4: China's Growth Challenges 12. The Formation Process Towards a More Inclusive System: Comparison Study on Suzhou and Wenzhou Xiaobo Wu, Yanbin Jiang and Ying Chen 13. China’s Adaptation Challenge: How to facilitate a Shift Towards a Low-carbon Economy - Past Experience and Future Challenges Christian Ploberger 14. Corporate Social Responsibility in Hong Kong SAR: An Empirical Analysis Ilan Alon, Helen Wei Hu, Pattarin Adithip Yangkul and Liqiang Ni