China's rapid and sustained growth over last thirty years has propelled it to become the world's second largest economy today and potentially the largest in the foreseeable future. As one of the first major economies pulling out of recession and the last remaining major socialist country in the world today, China presents a challenge to established thinking on the essential primacy of global capitalism and the settled nature of the world system - as China becomes more integrated into the world economy and the international system, both are themselves potentially transformed as a result of China’s involvement. This book explores a wide range of issues connected with the impact of China on the global economy and the prevailing international system. Subjects covered include China’s multinationals, international acquisitions, the exchange rate, research and development and technology transfer, China’s emerging major business groupings, and small and medium sized enterprises.

chapter 1|41 pages

Rising China and its integration with the changing world economy 1

ByWei Xia, Liming Wang

chapter 2|10 pages

Rising China

Its strength and problems
ByGregory C. Chow

chapter 3|44 pages

Evolution after revolution

The Chinese ‘claiming state' between history and textbook economics
ByGiuseppe Gabusi

chapter 4|22 pages

Continental drift

China and the global economic crisis
BySangaralingam Ramesh

chapter 5|20 pages

Chinese MNCs in Latin America 1

ByGaston Fornes, Alan Butt-Philip

chapter 6|25 pages

An exploration of pyramidal business groups in China

ByDylan Sutherland, Lutao Ning, Jing Wang

chapter 7|17 pages

Sustaining the growth of China's SMEs through ICT

Recent experience of policy initiatives and their implementation
ByDavid H. Brown, Qi Wang

chapter 9|13 pages

Cultural distance and cross-border mergers and acquisitions of China

Empirical evidence from the electricity industry of China
ByLei Wang

chapter 10|26 pages

R&D, direct technology transfer and productivity growth

Evidence from Chinese manufacturing industries
ByYanbing Wu

chapter 11|30 pages

The Distribution of Income and Well-Being in Rural China

A Survey of Panel Data Sets, Studies and New Directions
ByXi Chen

chapter 13|14 pages

Does Real Effective Exchange Rate Volatility Affect Foreign Direct Investment?

Evidence from China
ByMin Ye, Siyue Liu

chapter 14|41 pages

Cost Efficiency of Banks in China

A Stochastic Frontier Analysis
ByYizhe Dong

chapter 16|17 pages

Poverty in Shenzhen

ByStefan Gravemeyer, Thomas Gries, Jinjun Xue