China as a Leader of the World Economy

After the 1978 Economic Reform, China's economic development has been on a fast track ever since. Later on, the successful accession into the WTO in 2001 accelerated China's economic transformation and made it more integrated with the world. Today, as the second-largest economy in the world, China has earned herself a leading role on the world stage beyond dispute. This book provides readers with answers to why and how China functions as a leader in the world economy.

This book surveys China's economy in four parts — economic institutions, economic problems, economic policies and economic analyses. It is based on the author's latest findings from his scholarly research on China's economy, his involvement with China's economic reform and development, and his personal contacts with Chinese academics, entrepreneurs, government officials and ordinary citizens for over thirty years. The book is written in a style accessible to the general readers, since most chapters are based on articles published in three major Chinese newspapers, of which the author is a columnist. It can also serve as a reference book for professionals, an authoritative guide for general readers and a supplementary text for university students. The author uses it as a supplementary text for his course on the Chinese economy at Princeton University.

Contents:

• Economic Institutions:

  • Introduction: An Overview of China's Economy
  • Three Important Players of China's Economy
  • Is Chinese Capitalism Different?
  • Economic Planning in China
  • Role of Economists in China's Economic Development
  • Free to Choose in China
  • Chinese and American Economic Institutions Reflecting Cultural Differences
  • Outflow of Capital and China's Diplomacy
  • Economic Relations Between Brazil and China
  • India's Model of Rapid Economic Development
  • Will the Russian Economy Grow Rapidly?
  • Comparing Economic Developments in Taiwan and Mainland China

• Economic Issues:

  • Problems Facing the Chinese Economic System
  • Directions for Economics Education and Research in China
  • Important Lessons from Studying the Chinese Economy
  • US Housing Bubble and Economic Downturn
  • Will Consumption Expenditures in China Increase Rapidly?
  • From Guangzhou Opera House to Issues of Economic Development
  • Lessons from the Current American Great Recession

• Economic Policies:

  • How to Improve University Education in China?
  • How to Manage a University Well?
  • How to Improve the Efficiency of State Enterprises?
  • Carry Out the Open Door Policy Further
  • How to Stop Inflation in China?
  • How to Solve the Problems of China's Inflation and the American Recession?
  • China's Aging Population
  • China's Environmental Policy: A Critical Survey

• Quantitative Economic Studies:

  • Note on a Model of Chinese National Income Determination
  • Lessons from Studying a Simple Macroeconomic Model for China
  • Shanghai Stock Price Movements Reflecting China's Globalization
  • Co-Movements of Shanghai and New York Stock Prices by Time-Varying Regressions

Readership: General readers, academics, professionals, students interested in China's economy.
Key Features:

• The book offers the insights of its author on the important topics discussed
• Treatment of many topics is original
• It is written in a style accessible to the general reader