Navigating Choppy Waters

Matthew P. Goodman; David A. Parker

doi:10.5771/9781442240797

Summary

China faces increasing economic headwinds that call into question not only its near-term growth outlook but the longer-term sustainability of its economic success. At a time of leadership transition in Beijing, global markets and policymakers alike are casting an anxious eye on China’s economic decisionmakers and wondering whether they have the plans, skills, and fortitude to cope with these challenges. There is a rising premium on understanding how Chinese economic policy decisions are made, whether the emerging cadre of policymakers has the wherewithal to navigate the more turbulent waters ahead, and what the implications are for U.S. foreign and economic policy.

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Bibliographic data

Copyright year: 2015
ISBN-Print: 978-1-4422-4078-0
ISBN-Online: 978-1-4422-4079-7
Publisher: Brookings, Lanham
Language: English
Pages: 108
Product type: Book Titles

1. Contents No access
2. List of Acronyms No access
3. Acknowledgments No access
4. Executive Summary No access
1. Introduction: China’s New Economic Navigators No access Pages 1 - 4
1. The Chinese Economic Miracle No access
2. The Need for a New Growth Model No access
3. The Third Plenum Reform Agenda No access
1. The Communist Party No access
2. The State Council No access
3. Operational Consequences No access
4. Structural Changes under Xi Jinping No access
1. Coordination Challenges No access
2. Center-Local Relations No access
3. Experimentation No access
4. External Pressure No access
1. Introduction No access
2. The Evolution of China’s Financial System No access
3. China’s Financial Regulatory Institutions No access
4. Case Studies No access
5. The Xi Administration’s Approach to Financial Reform No access
1. Centralized Economic Decisionmaking No access
2. Fragmented Policy Implementation No access
3. Comprehensive, Inconclusive No access
1. China’s Economic Challenges and the Imperative of Reform No access
2. Implications of the Xi Administration’s Policymaking Style No access
3. Obstacles to Successful Implementation No access
4. Progress Likely, but Risks Abound No access
1. Engaging with China No access
2. Organizing the U.S. Government No access
Appendix I: The Comprehensively Deepening Reform Leading Small Group No access Pages 95 - 96
Appendix II: The Central Finance and Economics Leading Small Group No access Pages 97 - 98
Appendix III: China’s Formal Government Structure No access Pages 99 - 100
Appendix IV: Major Regular Events in the CCP Political Cycle and the National Five-Year Plan No access Pages 101 - 102
Appendix V: Key Meetings in China’s Policymaking Calendar No access Pages 103 - 106
About the Authors No access Pages 107 - 108