Chinas Economy: What Everyone Needs to KnowRG

Paperback | March 30, 2016

byArthur R. Kroeber

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China is on track to exceed the United States as the world's largest economy in the next several years. It is already the leading global trading nation. Even though its growth rate has recently slowed from years past, China has had the fastest yearly growth rate of any country for much of thelast three decades. In China's Economy: What Everyone Needs to Know, Arthur Kroeber offers an overview of the highlights of China's development since economic reforms were initiated under Deng Xiaoping in 1979. He argues that manufacturing, agricultural change, and construction reoriented the economy in the 1980s and1990s through state-owned enterprises, private entrepreneurship, and foreign investment. Those shifts unleashed perhaps the largest migration ever in world history from rural areas to urban centers, accompanied by a no less unprecedented expansion of infrastructure. Changes in the country's fiscaland financial systems vastly increased China's monetary holdings from the 1990s onwards, leading to the country's strategic holding of more U.S. debt than any other nation. Kroeber also examines economic growth as it has been experienced by Chinese workers and consumers, including the mountingproblems of income and wealth inequality, corruption, and environmental degradation. Kroeber ultimately turns to the consequences of Chinese economic growth: its decisive impact on the world economy, its visible and challenging resource extraction from Africa and Latin America, and its increasingengagement with global economic institutions.

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China is on track to exceed the United States as the world's largest economy in the next several years. It is already the leading global trading nation. Even though its growth rate has recently slowed from years past, China has had the fastest yearly growth rate of any country for much of thelast three decades. In China's Economy: Wha...

Arthur R. Kroeber is Nonresident Senior Fellow of Foreign Policy at Brookings-Tsinghua Center. Kroeber focuses on China's political economy and its engagement with global economic institutions. He is managing director of GaveKal Dragonomics, an independent global economic research firm, and editor of its journal China Economic Quarterl...

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China's Economy: What Everyone Needs to Know?

Kobo ebook|Mar 1 2016

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Format:PaperbackDimensions:328 pages, 8.25 × 5.5 × 0.68 inPublished:March 30, 2016Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0190239034

ISBN - 13:9780190239039

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Table of Contents

1. Overview: China's Reform Trajectory Since 19782. Agriculture and the Rural Economy3. Industry and the Rise of the Export Machine4. Urbanization and Infrastructure5. Enterprises: State-Owned vs. Private6. The Fiscal System and Central-Local Relations7. The Financial System and the Exchange Rate8. Demographics and the Labor Market9. The Emerging Consumer Economy10. The Social Compact: Inequality, Corruption, and the Environment11. Changing the Growth Model: Can It Be Done?12. China as Number One: What Does it Mean for the Rest of the World?