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China 2049
Economic Challenges of a Rising Global Power
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Publisher:
2020
Summary
How will China reform its economy as it aspires to become the next economic superpower?
It's clear that China is the world's next economic superpower. But what isn't so clear is how China will get there by the middle of this century. It now faces tremendous challenges such as fostering innovation, dealing with ageing problem and coping with a less accommodative global environment.
In this book, economists from China's leading university and America's best-known think tank offer in depth analyses of these challenges. Does China have enough talent and right policy and institutional mix to transit from input-driven to innovation-driven economy? What does ageing mean, in terms of labor supply, consumption demand and social welfare expenditure? Can China contain the environmental and climate change risks? How should the financial system be transformed in order to continuously support economic growth and keep financial risks under control? What fiscal reforms are required in order to balance between economic efficiency and social harmony? What roles should the state-owned enterprises play in the future Chinese economy? In addition, how will technological competition between the United States and China affect each country's development? Will the Chinese yuan emerge as a major reserve currency, and would this destabilize the international financial system? What will be China's role in the international economic institutions? And will the United States and other established powers accept a growing role for China and the rest of the developing world in the governance of global institutions such as the World Trade Organization and the International Monetary Fund, or will the world devolve into competing blocs?
This book provides unique insights into independent analyses and policy recommendations by a group of top Chinese and American scholars. Whether China succeeds or fails in economic reform will have a large impact, not just on China's development, but also on stability and prosperity for the whole world.
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Bibliographic data
Copyright year
2020
ISBN-Print
978-0-8157-3805-3
ISBN-Online
978-0-8157-3806-0
Publisher
Rowman & Littlefield, Lanham
Language
English
Pages
backcover1
Product type
Edited Book
Table of contents
ChapterPages
Table of Contents No access
Preface No access
China's Economic Growth in Retrospect No access
Convergence and Prospects No access
Aging and Social Policy in an Era of Demographic Transition No access
China's Green Economic Transition toward 2049 No access
Constructing a Modern Financial System for China's Future No access
Reforming the Fiscal System No access
Household Consumption in 2049 No access
Changing Ownership Structure of the Economy No access
Artificial Intelligence and China's Labor Market No access
China's Innovation Capacity in 2049 No access
Role of Government and Industrial Policies No access
China's Opening-Up Policies: Achievements and Prospects No access
China's Economic Diplomacy at Seventy: Bifurcation and Future Agendas No access
Technological Rivalry No access
China's Role in the Global Financial System No access
China's Evolving Role in the International Economic Institutions No access
