China's Domestic Transformation in a Global Context

The phrase ‘New Normal’ captures the ongoing shift in the pattern and drivers of China’s economic growth. China’s new growth rate is both slower and imposing difficult structural change. These new economic conditions are challenging yet offer opportunities for China and its economic partners. Reform...

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Publicat: ANU Press 2021
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collection Directory of Open Access Books
description The phrase ‘New Normal’ captures the ongoing shift in the pattern and drivers of China’s economic growth. China’s new growth rate is both slower and imposing difficult structural change. These new economic conditions are challenging yet offer opportunities for China and its economic partners. Reforms must be deepened but also make growth more inclusive and environmentally sustainable, over this decade and beyond. This year’s Update offers both global context and domestic insight into this challenging new phase of China’s domestic economic transformation. How are policymakers elevating migrant workers concurrent with increasing consumption? Is China’s government spending enough on education and R&D to ensure it can achieve its aspirations to ascend the global manufacturing value chain and avoid the middle-income trap? Are energy market reforms reducing or increasing the price of gas and electricity in China? What are the consequences of China’s financial reforms and expanding Renminbi trading for foreign banks? What does China’s new growth model mean for the international resources economy and for Africa? Do SOEs face market conditions and are they dominating China’s fast-rising outbound investment? What is China’s strategy for navigating fragmented international trade policy negotiations?
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spelling doab-20.500.12854ir-307472025-01-18T13:29:13Z China's Domestic Transformation in a Global Context Song, Ligang Garnaut, Ross Fang, Cai Johnston, Lauren economic growth china Foreign direct investment History of China Renminbi thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCG Economic growth The phrase ‘New Normal’ captures the ongoing shift in the pattern and drivers of China’s economic growth. China’s new growth rate is both slower and imposing difficult structural change. These new economic conditions are challenging yet offer opportunities for China and its economic partners. Reforms must be deepened but also make growth more inclusive and environmentally sustainable, over this decade and beyond. This year’s Update offers both global context and domestic insight into this challenging new phase of China’s domestic economic transformation. How are policymakers elevating migrant workers concurrent with increasing consumption? Is China’s government spending enough on education and R&D to ensure it can achieve its aspirations to ascend the global manufacturing value chain and avoid the middle-income trap? Are energy market reforms reducing or increasing the price of gas and electricity in China? What are the consequences of China’s financial reforms and expanding Renminbi trading for foreign banks? What does China’s new growth model mean for the international resources economy and for Africa? Do SOEs face market conditions and are they dominating China’s fast-rising outbound investment? What is China’s strategy for navigating fragmented international trade policy negotiations? 2021-02-10T12:58:18Z 2015-08-26 00:00:00 2020-04-01T14:33:47Z 2015 book 574050 OCN: 910556112 http://library.oapen.org/handle/20.500.12657/33124 9781925022681 https://directory.doabooks.org/handle/20.500.12854/30747 eng open access image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg n/a n/a n/a n/a n/a https://library.oapen.org/bitstream/20.500.12657/33124/1/574050.pdf https://library.oapen.org/bitstream/20.500.12657/33124/1/574050.pdf https://library.oapen.org/bitstream/20.500.12657/33124/1/574050.pdf https://library.oapen.org/bitstream/20.500.12657/33124/1/574050.pdf https://library.oapen.org/bitstream/20.500.12657/33124/1/574050.pdf ANU Press 10.26530/OAPEN_574050 10.26530/OAPEN_574050 975ba519-3ce2-4517-95bf-b847729fbcf1 9781925022681 442 open access
spellingShingle economic growth
china
Foreign direct investment
History of China
Renminbi
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCG Economic growth
China's Domestic Transformation in a Global Context
title China's Domestic Transformation in a Global Context
title_full China's Domestic Transformation in a Global Context
title_fullStr China's Domestic Transformation in a Global Context
title_full_unstemmed China's Domestic Transformation in a Global Context
title_short China's Domestic Transformation in a Global Context
title_sort china s domestic transformation in a global context
topic economic growth
china
Foreign direct investment
History of China
Renminbi
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCG Economic growth
topic_facet economic growth
china
Foreign direct investment
History of China
Renminbi
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCG Economic growth
url 574050