£58.00
China's Economy In Transformation Under The New Normal
Overview
This book examines the recent development and prospect of the Chinese economy as the country adapts to changing domestic and external settings. After more than three decades of near double-digit annual expansion, the country's growth decelerated considerably to enter a new era of the so-called New Normal.
Macro-Level Changes
At the macro level, a considerable amount of overhaul is required to improve governance and enhance regulatory effectiveness. These include monetary policy adjustment, financial sector development, and taxation reforms.
Government Role and Reforms
As the Chinese government at both the central and local levels plays an important role in promoting growth, issues such as the role of local government and the reform of state-owned enterprises are examined in this book. Topics such as the development of private consumption and industrial upgrading are also assessed.
Social and Regional Development
The book discusses several matters considered important to China’s social and economic cohesion including the management of agricultural product reserves, the development of a functioning social security system, and regional development.
Long-Term Perspectives
To help project a long-term view of China’s economic strength, the book also examines such factors as development in population and the labour market.
Conclusion
This book provides a comprehensive analysis of China’s economy and identifies the recent developments that matter to China’s economic future.
