Suchergebnisse

Chinese economic reform and development: achievements, emerging challenges and unfinished tasks. --Part I.Long-Term Development: Trends and Issues.The turning period in China's economic development: a conceptual framework and next empirical evidence --The China model and its future --How will China's central-local governmental relationships evolve? An analytical framework and its implications --China's metal intensity in comparative perspective --Assessing China's energy conservation and carbon intensity: how will the future differ from the past? --Prospects for diminishing regional disparities --Part II.Global Integration: Challenges and Opportunities.Exchange rate policy and macroeconomic adjustment --The real exchange rate and the renminbi --China and East Asian trade: the decoupling fallacy, crisis and policy challenges --Asian foreign direct investment and the 'China effect' --The global financial crisis and rural-urban migration --Part III.Policy and Reform: Unfinished Business.Avoiding economic crashes on China's road to prosperity --Rebalancing China's economic structure --Urbanisation with Chinese characteristics --Indigenous innovation for sustainable growth --China's health system and the next 20 years of reform.

China has made some remarkable achievements during the first three decades of economic reform and opening up, rising to become one of the world's most dynamic and globally-integrated market economies. Yet there remains much unfinished business on the reform and development agenda, coupled with newly emerging challenges. China: The Next Twenty Years of Reform and Development highlights how the deepening of reforms in critical areas such as domestic factor markets, the exchange rate regime and the health system, combined with the strengthening of channels for effective policy implementation, will enable China to cope with the challenges that lie ahead. These include responding to the pending exhaustion of the unlimited supply of labour; playing a constructive role in reducing global trade imbalances; enhancing firms' ability to innovate; coping with migration, urbanisation and rising inequalities on scales unknown in world history; and dealing with rising energy and metal demand in an era in which low-carbon growth has become a necessity rather than a choice.