ABSTRACT

This book brings together leading international scholars and leading scholars from China’s highly prestigious Development Research Centre of the State Council of the People’s Republic of China, who all put forward their insights into the current challenges for the Chinese and the world economy. The book focuses on six topics: economic growth, trade, industry and services, innovation, finance, and environment and ecology, all of which are central to the sustainable economic growth of China and the world. Overall, the book provides balanced perspectives as well as rich empirical evidence from China and other parts of the world on the development and regulation of the Chinese and the world economy.

chapter |10 pages

Introduction

part I|48 pages

Macroeconomy

chapter 1|8 pages

China’s economic transition

Features and policy response

chapter 2|12 pages

The shifts and the shocks

Emerging economies in an age of financial crises

chapter 3|12 pages

China’s transition in growth stages

Causes, challenges and policy responses 1

part II|40 pages

Trade and investment

chapter 5|22 pages

The inconsistent quartet

Free trade versus competing goals 1

chapter 6|8 pages

Looking ahead

The new world of trade 1

part III|74 pages

Industries and services

part IV|40 pages

Finance

chapter 13|8 pages

China’s financial reform in deep-water zone

The need for major breakthroughs

chapter 15|15 pages

The new politics of central banking

The central bank trap 1

part V|48 pages

Innovation

chapter 16|17 pages

Regional innovation in China

Current status and determinants

chapter 17|15 pages

Innovation in China

Progress and gaps from the perspective of development stages

chapter 18|12 pages

Reform, innovation and restructuring