Suchergebnisse

The Survey Research Data Archive (SRDA) at Academia Sinica in Taiwan has large collections of data from both the government and the academia. In a recent survey on the more than 3,000 active researchers in humanities and social sciences, however, 52% did not hear of SRDA. Among those who ever tried SRDA but gave up (N=257), 17% complained that information provided about data sets was insufficient for an effective search, and another 17% said similarly that they could not find what they needed. Basically, the improvements that SRDA must make are sketched in the above survey results, i.e., the promotion of SRDA and better and more metadata for the archived datasets. For these goals, we devise several strategies. First, produce demonstrations of uses of survey data sets on the website. Second, make power point files of SRDA introductions and send them to college professors for use in class or for research reference. Third, revise abstracts and keywords of datasets. Fourth, construct metadata on Nesstar. Fifth, add a search function that bridges the gap between the restricted and non-restricted data collections.

Intro -- Series Preface -- Introduction: Structural Slowdown to China's Economic Growth -- International Economic Background of China's Economic Slowdown -- China's Economy in the New Normal -- About China Finance and Development Report -- Contents -- About the Editor -- 1 Interest Burden and Debt Sustainability -- 1.1 Latest Progress of Deleveraging in China's Real Economy Sector -- 1.1.1 Household Sector Leverage Swiftly Increased, Up Nearly 5% Points in 2016 -- 1.1.2 Leverage Ratio of Non-financial Enterprises Ceased to Increase Yet Corporate Deleveraging Remains a Top Priority -- 1.1.3 Slight Deleveraging of Government Sector May Be a Short-Lived Phenomenon -- 1.2 Estimate of Interest Payment in Real Economy Sector -- 1.2.1 Household Sector -- 1.2.2 Non-financial Corporate Sector -- 1.2.3 Government Sector -- 1.2.4 Total Interest Payment of the Real Economy Sector -- 1.3 Analysis of Debt Sustainability -- 1.3.1 Interest Burden of the Real Economy Sector -- 1.3.2 Perspective of Government Debt Sustainability -- 1.3.3 Perspective of Sovereign Balance Sheet -- 2 Sophistication of China's Financial System -- 2.1 Bank-Dominated Sophisticated Financial System -- 2.1.1 Transformation of China's Financial System Structure -- 2.1.1.1 Share of Non-credit Financing Spiked -- 2.1.1.2 Rising Status of Nonbanking Financial Institutions -- 2.1.1.3 Defects Exist in Interest Rate and Exchange Rate Mechanisms -- 2.1.1.4 Financial Market Flaws Persist -- 2.1.2 Theory of Money and Credit -- 2.1.2.1 Financial System Based on "Indirect Financing" (Bank-Dominated Financial System) -- 2.1.2.2 Financial System with the Inclusion of "Direct Financing" (Market-Dominated Financial System) -- 2.1.2.3 Sophisticated Financial System -- 2.2 Shadow Banking and the Shadow of Banks -- 2.2.1 Manifestations of Shadow Banking in China.

Chapter 1. Interest Burden and Debt Sustainability, by Zhang Xiaojing et al -- Chapter 2. The Sophistication of China's Financial System, by Fan Lijun & Yin Jianfeng -- Chapter 3 Corporate Leveraging from the Perspective of Return on Assets--Two-Level Deviations of Macro and Micro Leverage Ratios by Cai Zhen et al -- Chapter 4 Debt Risks of China's Government Sector, by Chang Xin et al -- Chapter 5 Status and Prevention of Banking Sector Risks, by Zeng Gang -- Chapter 6 Monetary Policy in the Context of Deleveraging, by Peng Xingyun

In this paper I review the latest development of China's public pension system. Last several decades saw China's tremendous achievement in various public pension reforms. Especially since the 11th Five-Year Plan (2006-2010), reform has accelerated. By 2019, the public pension system in China has covered almost one billion adults, which makes it the biggest pension system in the world. Together with the expansion of Dibao (Basic living allowance) and the eradication of poverty, the development of pension system has become the top agenda in current policy making of the Chinese government. Yet, challenges exist: unequal distribution of pension resource and the long-run unsustainability of the pension system are waiting to be addressed with increasing urgence. Although potential countermeasures, both based on international experience and with Chinese feature, has been proposed and piloted in both regional and national level, there are incremental pressure for further reforming the system. In the latest Five-Year Plan (2021-2015), the government has vowed to construct a unified, equitable, and sustainable pension system with full coverage. This is a very challenging yet exciting goal to achieve not only for the policy makers, but also for academic researchers and general public.

In this paper I review the latest development of China's public pension system. Last several decades saw China's tremendous achievement in various public pension reforms. Especially since the 11th Five-Year Plan (2006-2010), reform has accelerated. By 2019, the public pension system in China has covered almost one billion adults, which makes it the biggest pension system in the world. Together with the expansion of Dibao (Basic living allowance) and the eradication of poverty, the development of pension system has become the top agenda in current policy making of the Chinese government. Yet, challenges exist: unequal distribution of pension resource and the long-run unsustainability of the pension system are waiting to be addressed with increasing urgence. Although potential countermeasures, both based on international experience and with Chinese feature, has been proposed and piloted in both regional and national level, there are incremental pressure for further reforming the system. In the latest Five-Year Plan (2021-2015), the government has vowed to construct a unified, equitable, and sustainable pension system with full coverage. This is a very challenging yet exciting goal to achieve not only for the policy makers, but also for academic researchers and general public.

In this paper I review the latest development of China's public pension system. Last several decades saw China's tremendous achievement in various public pension reforms. Especially since the 11th Five-Year Plan (2006-2010), reform has accelerated. By 2019, the public pension system in China has covered almost one billion adults, which makes it the biggest pension system in the world. Together with the expansion of Dibao (Basic living allowance) and the eradication of poverty, the development of pension system has become the top agenda in current policy making of the Chinese government. Yet, challenges exist: unequal distribution of pension resource and the long-run unsustainability of the pension system are waiting to be addressed with increasing urgence. Although potential countermeasures, both based on international experience and with Chinese feature, has been proposed and piloted in both regional and national level, there are incremental pressure for further reforming the system. In the latest Five-Year Plan (2021-2015), the government has vowed to construct a unified, equitable, and sustainable pension system with full coverage. This is a very challenging yet exciting goal to achieve not only for the policy makers, but also for academic researchers and general public.

Purpose
China's economic development in the past 40 years has an array of distinctive features that have attracted the attention of the world. The paper aims to discuss this issue.


Design/methodology/approach
The analysis logic is as follows: with regard to the mechanism, the above factors were met in a timely manner and jointly contributed positive energy to China's economic growth, with the increase in the savings rate as the necessary condition and foundation, and the increase in the savings rate is attributed to the explosive expansion of the financial system at the beginning of reform and the formation of positive incentives for residents, enterprises and governments at all levels, and the expansion of the financial system and the formation of positive incentives are clearly the crystallization of the wisdom of Chinese-style progressive reform.


Findings
Therefore, we have every reason to believe that the growth prospects of the Chinese economy remain bright. The author is nonetheless confident that the new two-step strategy for economic development will be realized, proposed by the 19th CPC National Congress.


Originality/value
Moreover, the growth of China's economy has long been accompanied by the "double surplus" of current accounts and capital and financial accounts in the international balance of payments, which is not completely consistent with the traditional paradigm of development economics. These phenomena are so unique that the international community calls it the "Mystery of China" or "China's Development Path."