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Deepening Reform for China’s Long-term Growth and Development

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ISBN: 9781925021769 Year: DOI: 10.26530/OAPEN_496494 Language: English
Publisher: ANU Press
Subject: Economics
Added to DOAB on : 2014-08-04 11:01:18
License: ANU Press

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Abstract

The Chinese economy has entered a new phase of development in which sources of growth are not so much dependent upon pure increases in labour, investment and credit expansion, but from productivity improvement, structural changes, technological progress and the benefits from improvement of the social security and welfare improvement. When market functions are fully established to become a main channel for allocating resources, the entrepreneurship will flourish engaging in more innovative activities, workers will move more freely and have more incentives to improve their skills, firms will become more productive through market entry and exit, the economic structure will become more balanced because of the improved resource allocation, and in the end, growth will become more spontaneous and sustainable. In this sense, reforms could deliver ‘dividend’ by raising China’s potential economic growth rates. For China to confront all the challenges it faces at present, the reforms undertaken now have to be deep, comprehensive and far-reaching in order to succeed in paving the way for China to complete the task of transformation in the long-term. There is no better alternative than deepening the market-oriented reform in advancing the course of China’s modernisation for future development and prosperity and lifting China to the status of a developed economy in the next two decades. The recent China update books have covered the topic of reform from different angles and this new book is another attempt to address this important issue.

Keywords

economy --- transformation --- expansion --- china

Power and Responsibility in Chinese Foreign Policy

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ISBN: 9781925021417 Year: DOI: 10.26530/OAPEN_469191 Language: English
Publisher: ANU Press
Subject: Political Science
Added to DOAB on : 2014-03-29 09:14:32
License: ANU Press

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The People’s Republic of China is now over fifty years old. Long considered an outsider, or a club of one, in international relations, China has recently become more active in international institutions. Is China becoming a responsible power in global and regional international relations? How accurate is the traditional perception of China? What factors may be motivating the changes in China’s approach to international institutions and its perceptions of its own role in the world? There is no certainty that China is becoming a more responsible power, recent developments may be just another manifestation of realpolitik. Power and Responsibility in Chinese Foreign Policy provides a vital insight into these issues, analysing the critical issues in China’s international relations– China’s regional and global diplomatic and security problems, the changing role of the People’s Liberation Army, human rights, religious and democratic movements, and the concept of responsibility. Power and Responsibility in Chinese Foreign Policy is an insightful and vital introduction to all sides of the current debate over China’s international relations.

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