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China s Economy What Everyone Needs to Know 2nd edition by R Kroeber ISBN 0190946490 9780190946494

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China s Economy What Everyone Needs to Know 2nd edition Arthur R. Kroeber Digital Instant Download

Author(s): Arthur R. Kroeber
ISBN(s): 9780190946494, 0190946490
Edition: 2nd
File Details: PDF, 15.69 MB
Year: 2020
Language: english
SKU: EB-38447716 Category: Tag:

China s Economy What Everyone Needs to Know 2nd Edition by R Kroeber – Ebook PDF Instant Download/Delivery: 0190946490, 9780190946494
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ISBN 10: 0190946490 
ISBN 13: 9780190946494
Author: R Kroeber

China’s economic growth has been revolutionary, and is the foundation of its increasingly prominent role in world affairs. It is the world’s second biggest economy, the largest manufacturing and trading nation, the consumer of half the world’s steel and coal, the biggest source of international tourists, and one of the most influential investors in developing countries from southeast Asia to Africa to Latin America. Multinational companies make billions of dollars in profits in China each year, while traders around the world shudder at every gyration of the country’s unruly stock markets. Perhaps paradoxically, its capitalist economy is governed by an authoritarian Communist Party that shows no sign of loosening its grip.China is frequently in the news, whether because of trade disputes, the challenges of its Belt and Road initiative for global infrastructure, or its increasing military strength. China’s political and technological challenges, created by a country whose political system and values differ dramatically from most of the other major world economies, creates uncertainty and even fear. China’s Economy: What Everyone Needs to Know® is a concise introduction to the most astonishing economic and political story of the last three decades. Arthur Kroeber enhances our understanding of China’s changes and their implications. Among the essential questions he answers are: How did China grow so fast for so long? Can it keep growing and still solve its problems of environmental damage, fast-rising debt and rampant corruption? How long can its vibrant economy co-exist with the repressive one-party state? How do China’s changes affect the rest of the world? This thoroughly revised and updated second edition includes a comprehensive discussion of the origins and development of the US-China strategic rivalry, including Trump’s trade war and the race for technological supremacy. It also explores the recent changes in China’s political system, reflecting Xi Jinping’s emergence as the most powerful leader since Mao Zedong. It includes insights on changes in China’s financial sector, covering the rise and fall of the shadow banking sector, and China’s increasing integration with global financial markets. And it covers China’s rapid technological development and the rise of its global Internet champions such as Alibaba and Tencent.

China s Economy What Everyone Needs to Know 2nd Table of contents:

1. Why China Matters
Why should I care about China’s economy?
How much has China’s economy grown, and what does that mean for ordinary people?
How did China grow so fast and for so long?
What are the impacts of China’s growth? Are they positive or negative?
How has China’s rise affected geopolitics?

2. Population, Geography, and History
How does China’s size and population affect its economy?
How does China’s geography affect its economy?
How does China’s long historical experience affect its economy?

3. China’s Political Economy
What is China’s political system?
What kind of a one-party state is China?
Why is China different from other authoritarian states?
What is the balance of power between central and local governments?
What did China learn from the failures of other communist countries?
What did China learn from the success of its East Asian neighbors?
Who runs economic policy?
How do leaders manage the trade-off between economic growth and political control?

4. Agriculture, Land, and the Rural Economy
Why does agriculture matter?
How did agriculture jump-start China’s growth in the 1980s?
What role did township and village enterprises play in China’s economic development in the 1980s and early 1990s?
Why did rural–urban inequality grow after 1989?
How did the government address rural–urban inequality in the 2000s?
Do Chinese farmers own their land?
What is being done to improve rural land rights?
Can China feed itself?

5. Industry, Exports, and Technology
Why did China become such a big manufacturer and exporter?
What was China’s strategy for developing its industry?
What was Deng Xiaoping’s industrial policy?
How did industrial policy change under Jiang Zemin and Zhu Rongji?
Why did industrial policy become more statist under Hu Jintao?
When did the focus on high technology start?
How has industrial policy evolved under Xi Jinping?
Why did investment by foreign companies play such a big role?
Does China “cheat”?
Where has “industrial policy” succeeded and where has it failed?
Can Chinese industry become more innovative?

6. Urbanization and Infrastructure
How fast has China urbanized?
How does urbanization relate to economic growth?
What is China’s “partial urbanization” problem?
What is the hukou system, and what impact does it have?
How is the hukou system being reformed?
What was the impact of urban housing privatization?
Is China’s housing market an unsustainable bubble?
What problems does China’s two-tier housing market create?
Why does China build so much infrastructure?
How much infrastructure is useful, and how much is wasteful?
What is China’s plan for “new-style urbanization”?

7. The Enterprise System
Which are more important: state-owned enterprises or private firms?
What were the aims of SOE reform in the 1980s and 1990s?
Do Chinese SOEs resemble Japan’s keiretsu or Korea’s chaebol?
How are SOEs organized?
How are SOE business groups structured?
What impact did the SOE reform program of the 1990s have?
How has SOE reform evolved since 2008?
How big is the state sector today?
Are SOEs monopolies?
Are China’s central SOEs independent actors or agents of a government “master plan”?
How important is the private sector?
How has the private sector evolved?
Is it true that “the state advances and the private sector retreats”?
How will the state–private balance evolve?

8. The Government Finance System
Why does the fiscal system matter?
How powerful are local governments compared to the central government?
What impact does decentralized government have on economic development?
What was the significance of the 1994 tax reform?
How does the land-based local financing system work?
How big is the government debt problem?
How is the government trying to fix China’s fiscal problems?
How will fiscal reform affect central–local relations and economic development?
What kind of taxes does the government impose?
How does the government spend its money?

9. The Financial System
What role do China’s banks play in financing growth?
What was the role of “financial repression” in China’s growth?
What was behind the rise of “shadow banking”?
Why did the government crack down on shadow banking?
What is the future of financial regulation?
What is the role of the bond market?
How did the stock market develop?
What is the risk that China will hit a financial crisis?
Why has China controlled its exchange rate so tightly?
Why is China trying to make the renminbi an international currency?
Why have efforts to internationalize the renminbi stalled?

10. Energy and the Environment
How much energy does China use?
Why is China’s energy intensity so high?
What kinds of energy does China use, and how is the mix changing?
How much does China rely on imported energy?
What impact does China’s energy use have on climate change?
How bad are China’s environmental problems?
How likely is China to address its environmental and climate problems?
Can top-down pollution control work?

11. Demographics and the Labor Market
What is the “demographic dividend”?
How has the demographic dividend worked in China?
What about China’s “demographic transition” to an older population?
What does the aging population mean for the labor force and economic growth?
What is the importance of the one-child policy?
Why did Chinese workers start moving from the countryside to the city?
What was the impact of SOE reform on the labor market?
How big an unemployment problem does China have, and are wages rising?
What is the Lewis Turning Point, and what does it mean for China?
How many more workers can move from the countryside to the cities?
How bad are conditions for Chinese workers, and is there hope that they will get better?

12. The Emerging Consumer Economy
Is China’s growth “unbalanced”? How much does it matter?
Was China’s “unbalanced” growth bad for consumers?
Why is the consumption share of China’s economy so low?
What is China’s “middle class”?
How big is the “middle class”?
What do China’s consumers buy?
How good is China’s “social safety net”?
What sort of safety net is the government weaving?
What policies should the government take to promote consumption?

13. The Social Compact
How bad is income inequality in China?
What are the sources of income inequality?
What are the prospects for a decline in inequality?
How bad is China’s corruption problem?
Why didn’t corruption stop economic growth?
Is Xi Jinping’s anticorruption campaign a real solution to the problem?
Why haven’t inequality and corruption caused more social unrest?

14. Changing the Growth Model
Why does China need to change its growth model?
How does China’s growth model need to change?
What does it mean to say that China’s growth is “imbalanced”?
How did China’s economic imbalances evolve in the early 2000s?
What was the impact of the 2008 global financial crisis?
Why is productivity growth slowing?
How has Xi Jinping managed the economy?
What was the “third plenum” decision?
What is Made in China 2025?
What is supply-side structural reform?
What was the impact of the financial de-risking campaign?
Is China’s growth model changing?
Can economic reforms succeed without political reforms?

15. China and the World: Is Conflict Inevitable?
What is the nature of the present global political-economic order?
What will happen when (and if) China becomes the world’s biggest economy?
How does China’s economic strength translate into international influence?
How has Xi Jinping changed China’s international profile?
What is the Belt and Road Initiative?
How close is China to becoming a global technological leader?
Does China want to remake the global system with its own rules and institutions?
Why has U.S. policy toward China shifted?
What is the future of China’s role in the global order?

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