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China's Domestic Transformation in a Global Context

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ISBN: 9781925022681 Year: Pages: 442 DOI: 10.26530/OAPEN_574050 Language: English
Publisher: ANU Press
Subject: Economics
Added to DOAB on : 2015-08-27 11:01:16
License: ANU Press

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Abstract

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?

Keywords

economic growth --- china

Shared Destiny: China Story Yearbook 2014

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ISBN: 9781925022933 Year: DOI: 10.26530/OAPEN_607531 Language: English
Publisher: ANU Press
Subject: Political Science --- Languages and Literatures
Added to DOAB on : 2016-05-10 11:01:16
License: ANU Press

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Humanity as never before shares a common destiny, whether it be in terms of the resources of the planet, the global environment, economic integration, or the movement of peoples, ideas, cultures. For better or worse humankind is a Community of Shared Destiny 命运共同体. The People’s Republic of China under the leadership of the Chinese Communist Party and its ‘Chairman of Everything’, Xi Jinping, has declared that it shares in the destiny of the countries of the Asia and Pacific region, as well as of nations that are part of an intertwined national self-interest. The Party, according to Marxist-Leninist-Maoist theory, is the vanguard of progressive social forces; it cleaves to the concept of shared destiny and its historical role in shaping that destiny. Since its early days nearly a century ago it has emphasised the collective over the individual, the end rather than the means. It addresses majority opinion while guiding and moulding the agenda both for today, and for the future.

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