About the Book
This book is a collection of some recent of the best articles by China Economist and it represents top Chinese economists major research outcomes and opinions on economic matters, status and trends from various perspectives. Some work with China’s highest academic research institutes and policy consultation agencies, while others work with related agencies and universities. Hence, this book largely reflects the key concerns and efforts of economic research institutes, policy advisory agencies, regulatory policy research departments and universities on China’s economy.
From the launching of reform and opening-up in 1978 to the dawn of the 21st century, China has been transformed from a self-enclosed, planned economy to a market-based one, and the country has integrated itself into the international community. China wishes to look beyond its border and engage in equal-footed dialogue with its partners and competitors. With China’s rapid emergence and great achievements, other countries increasingly want to learn more about this “mysterious oriental country” and the miraculous changes taking place here. However, we have also found that abroad, the public, high-ranking officials and even media and academia may not have a clear picture of China. Chinese scholars views on their country and beyond are not well understood by foreign scholars, not to mention people in the street, and overseas officials and scholars do not appreciate China’s realities. Legitimate claims and well intentioned expressions from China are often misunderstood or distorted by the media, and it seems that the world is unprepared for a changing China. China needs to know itself and the outside world, and the world needs to have a closer look at China as well. Research on the China phenomenon and its implications has become topical around the world. Hence, developing diversified channels and platforms of communication is necessary both in China and the outside world.
In this book, which includes dozens of articles written by Chinese economists and researchers, authors wish to tell the world a truth: Although China has become the world’s second largest economy, its GDP per capita is very low. China remains a developing country, and development is its top priority and the basis for all welfare programs. The rights of development are basic human rights upon which China cannot waiver. Development is the best gift China has to offer to the world. Meanwhile, Chinese scholars should also recognize that China must deepen reform and expand opening-up, balance efficiency with fair income distribution, use resources in more efficient, refined and clean ways, and challenge its enterprises to assume more social responsibilities. Only in this way can China complete its historic transition from a developing country to a mature, modernized country.
Table of Contents:
Part One: Macro economy
Chapter 1 “Middle-Income Trap” and “High-Income Wall” : Challenges and Opportunities to China, by Liu Shijin et al
Chapter 2 Don’t Overlook GDP and Investment: An Analysis of China’s Current Economic Trend, by Liu Shucheng
Chapter 3 How Long Can China’s Economy Keep Growing? By Zhang Jun
Chapter 4 How China Can Avoid the “Middle-Income Trap”,by Ma Xiaohe
Part Two: Institution & Mechanism
Chapter 5 The Contribution of Marketization to China’s Economic Growth, by Fan Gang et al
Chapter 6 China’s Marketization since WTO Accession, by Li Xiaoxi
Chapter 7 Shifting to a Market-Based Wage-Setting Mechanism for Low-Skilled Labor: Macro economic Effects, by Yang Ruilong et a
Chapter 8 Regulation or Property Rights: The Effect of China’s Coal Mine Shutdown Policy on Work Safety, by Bai Chong’en et al
Chapter 9 A Modeling Analysis of Local Governments Competing in Offering Subsidies to Attract Investment: the Cause of Industrial Overcapacity, by Jiang Feitao et al
Part Three: Government Policy
Chapter 10 China’s Sovereign Balance Sheet and Its Risk Assessment, by Li Yang et al
Chapter 11 China’s Monetary Policy Instruments (2001-2010): Paradox, Analysis and Suggestions, by Wang Guogang
Chapter 12 China’s Regional Policy Scenarios for 2011-2015 Period, by Wei Houkai et al
Chapter 13 Developing Secondary Industry to Drive China’s Future Growth, by Jin Bei
Chapter 14 Domestic Demand-based Economic Globalization: Strategic Choice for China to Profit from the Second Wave of Globalization, by Liu Zhibiao
Part Four: Industrial Development
Chapter 15 China’s Industries in the Beginning of Its 12th Five-Year Plan Period, by Jin Bei
Chapter 16 Relying on Secondary Industry to Drive National Policy and Reinvigorate China’s Economy, by Huang Qunhui
Chapter 17 Recalculating the Significance of Secondary and Tertiary Industries for Industrial Restructuring: Truth and Myth, by Li Gang et al
Chapter 18 Technology Gaps, Resource Allocation and Economic Growth of Large Late starting Countries, by Ouyang Yao et al
About the Author :
Prof Jin Bei, Ph.D. in Economics , Academician of Chinese Academy of Social Sciences. Research Fellow, Institute of Industrial Economics, CASS. Professor, the Graduate School of CASS. Chairman of Regiongal Economy Association of China. Presdent of the China Business Journal. Executive Deputy Director of Editorial Board & Editor-in-Chief of the China Economist. Prof. Jin Bei published more than 400 papers and more than 30 books concerning industrial economics , industrial organization, industrialization, economics of competitiveness , theory and practice of enterprises, 19 of which won the national or ministerial prizes of excellent works.
Prof. Li Gang, Director of Editorial Department, China Economist. Professor, Institute of Industrial Economics Chinese Academy of Social Sciences.
