Although Chinese economic growth continues strong, and although China coped very well with the recent global crisis, the Chinese economy faces many challenges, including how to sustain growth, how to rebalance the economy towards more domestic consumption, how to accommodate rising wages, growing social and regional inequality, and how to reform financial and monetary policies. This book examines the key challenges currently facing the Chinese economy. It considers Chinas’ increasing global impact, discusses the institutional drivers of China’s economic growth, assesses critically China’s need for structural reform, and explores issues related to sustainability and human rights.

chapter |11 pages


part I|113 pages

Understanding China's economic dynamics

chapter 1|33 pages

Sub-optimal institutions but superior growth

The puzzle of China's economic boom 1

chapter 2|25 pages

China's real experience

The crises with subsequent soft-landing after the reform of 1978

chapter 3|24 pages

The “Beijing Consensus” and the “Singapore Model”

Unmasking the myth of an alternative authoritarian state-capitalist model

chapter 4|29 pages

The People's Bank of China during the Global Financial Crisis

Policy responses and beyond

part II|64 pages

China and the world

chapter 6|21 pages

Sino-African health diplomacy

How political economic ideology and approaches to foreign policy can affect health aid

chapter 7|22 pages

The external dimension of China's economic development

A European perspective 1

part III|73 pages

China's structural reforms and the world

part IV|82 pages

China's growth challenges

chapter 12|43 pages

The formation process towards a more inclusive system

Comparison study on Suzhou and Wenzhou

chapter 13|16 pages

China's adaptation challenge

How to facilitate a shift towards a low-carbon economy – past experience and future challenges