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This study examines China’s 13th Five-Year Plan, the most authoritative strategic blueprint for the country’s economic policies under Xi Jinping. The plan seeks to rebalance the economy toward more advanced technologies, greater environmental protection, and a stronger social safety net. However, it does not fundamentally rebalance the relationship between state and market, with the government and Chinese Communist Party still left with significant tools to micromanage most aspects of the economy. Unless greater emphasis is given to shifting this balance, the most likely result will be “growth with volatility,” in which some Chinese companies move up the value-added chain, but without fundamentally improving the country’s overall efficiency and performance.
Xi Jinping's vision for China's development, the 13th Five-Year Plan, is a blueprint that seeks to create a "moderately prosperous society in all respects," based on innovation, open trade, green growth and inclusive growth. Understanding the key priorities of the world's top trading nation, most populous country, largest manufacturer, and second-largest economy, and the opportunities and challenges they create for the United States is critically important for U.S. policymakers and businesses. How will the Chinese government finance its ambitious reform agenda? What is the impact of China's high-tech industrial policies on U.S. automotive, aerospace, and semiconductor industries? What are the opportunities and challenges for U.S. companies to compete fairly in China's expanding consumer and service market? The 13th Five-Year Plan builds upon the 11th and 12th Five-Year Plans to shift China's economy away from large-scale infrastructure and export-led growth toward an economy driven by domestic consumption and higher value-added manufacturing. The Chinese government is hoping to unleash economic growth and create a new consumer base and working class through urbanization. By 2020, the Chinese government hopes to increase the share of its population with urban hukou from 40 to 45 percent.
"Five-Year Plans" have been a cornerstone of Chinese social and economic development initiatives since 1953. During the thirteenth of these periods between 2016 and 2020, the global economy has experienced instability after the financial crisis, as well as political and economic reconfiguration. Drawing on modern economic theory, this book comprehensively discusses China's economic development in this crucial phase. The book analyzes the international economic environment, and asks how China’s continued reform and opening-up can fit with the new era of economic globalization. It also presents the difficulties China faces in such fields as urbanization, the coordination of regional development and urban-rural integration, economic reform, and the reform of factor markets and state-owned enterprises. The book outlines many medium-term development rules along with key characteristics of China's economy, helping international readers fully understand likely future trajectories for the Chinese economy.
This book reviews the basic process of China’s fourteen five-year plans with systematic theoretical overview and rich historical data and moves on to discuss the theoretical logic of plan-based state governance. The authors hold that the five-year planning system with Chinese characteristics is a flexible planning system; through adaptive macro-planning and incentive target governance, it mobilizes government, market and social forces to work together to fulfill national objectives and is a representative mechanism of the state governance system and a symbol of modernized state governance capacity. From an academic point of view, it theoretically answers questions about what, why and how concerning the five-year plans. From an interdisciplinary perspective, it explores the theoretical logic and experience of plan-based governance by combining Marxism, western theories, and the science of history. Also, it tries to represent historical facts based on a vast literature about the history of CPC and PRC, reviews historical details of the previous thirteen five-year plans, and describes the great journey of the plan preparation and implementation under the CPC leadership. This book has been published in Simplified Chinese (Peking University Press) and Traditional Chinese (Hong Kong Open Page Press). It has won the 2021 Annual Books of China Economics Education and Research Network, the first prize of excellent Works of the First Young Marxism Prize, 100 "Red Classic Reading" recommended reading books of Jiangsu National Reading Activity Leading Group celebrating the Centennial of the Founding of the Party, and Jintai Good Books of People's Daily Library.
This book examines the impacts of China’s urbanization on the country’s economic development, clan culture, rural societies, minority resident areas, natural environment, women, and public policy reforms, drawing on official statistics, independent survey data, archives, and fieldwork research to do so. Adopting a cross-disciplinary perspective, the book places special emphasis on issues that have been neglected in prior studies, and provides up-to-date information, reports, and analyses based on the latest events. Further, it considers future directions and strategies regarding urban development, discusses regional urbanization in selected poor and “backward” western provinces, analyzes changes in traditional clan culture brought on by urbanization, and explores evolutions in local clan societies in the Qin and Han Dynasties when cities expanded and business flourished. Lastly, the book examines the effects of infrastructure-related determinants on urban expansion rates and urban land prices, demonstrates the ebbs and flows of public opinion regarding various environmental issues, discusses planned real estate tax reform, and assesses the impact of demographic and socioeconomic changes on young unmarried women.
As China becomes the world’s largest economy, so it becomes important to understand the key issues shaping the country’s business environment and the behaviour of Chinese businesspeople. This is difficult because those issues are contested. Is China growing at 3% or 8%? Is the Chinese consumer going to save the world? Are state-owned enterprises national champions or zombies? Have we reached the end of "Cheap China"? Can China innovate? Is business still dominated by personal connections? Are markets or the state in control? Does Chinese culture impede or support organizational effectiveness? Are Chinese dragons at your door? Will the finance and property sectors implode? Is the Chinese model sustainable, or will it end in tears? On all these issues there is ill-informed "noise", and an abundance of partisan interpretations. The purpose of this book, therefore, is to provide an even-handed analysis of the key issues that will shape the threats and opportunities arising from China’s development in the next decade. It cannot resolve the competing claims made. However, it does provide the reader with the ideas and the sources of evidence needed to understand and to make well thought-out judgments as China continues to evolve.
The Political Economy of Competition Law in China provides a unique perspective of China's competition law that is situated within its legal, institutional, economic, and political contexts. Adopting a framework that focuses on key stakeholders and the relevant governance and policy environment, and drawing upon stakeholder interviews, case studies, and doctrinal analysis, this book examines China's anti-monopoly law in the context of the political economy from which it emerged and in which it is now enforced. It explains the legal and economic reasoning used by Chinese competition authorities in interpreting and applying the anti-monopoly law, and offers valuable and novel insights into the processes and dynamics of law- and decision-making under that law. This book will interest scholars of competition law and professionals advising clients that operate in China, as well as scholars of Chinese law, Asian law, comparative law, and political and social science.
This Handbook provides a comprehensive overview of local governance in China, and offers original analysis of key factors underpinning trends in this field drawing on the expertise of scholars both inside and outside China. It explores and analyzes the dynamic interaction and collaboration among multiple governmental and non-governmental actors and social sectors with an interest in the conduct of public affairs to address horizontal challenges faced by the local government, society, economy, and civil community and considers key issues such as governance in urban and rural areas, the impact of technology on governance and related issues of education, healthcare, environment and energy. As the result of a global and interdisciplinary collaboration of leading experts, this Handbook offers a cutting-edge insight into the characteristics, challenges and trends of local governance and emphasizes the promotion of good governance and democratic development in China.
This deeply informed and clearly written text provides a comprehensive and comprehensible history of China from prehistory to the present. Now updated to include recent political events and scientific research, the book focuses on the interaction of humans and their environment. Tracing changes in the physical and cultural world that is home to a fifth of humankind, Robert B. Marks illuminates the paradoxes inherent in China’s environmental narrative, demonstrating how historically sustainable practices can, in fact, be profoundly ecologically unsound. The author also reevaluates China’s traditional “heroic” storyline, highlighting the marginalization of nature and contacts with other peoples that followed the spread of Chinese civilization while examining the development of a distinctly Chinese way of relating to and altering the environment. Unmatched in his ability to synthesize a complex subject clearly and cogently, Marks has written an accessible yet nuanced history for any student interested in China, past or present, or indeed in the world’s environmental future.