Avoiding the Blind Valley

Avoiding the Blind Valley PDF

Author: Daniel H. Rosen

Publisher:

Published: 2014

Total Pages: 192

ISBN-13:

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"Chinese President Xi Jinping and other leaders announced a comprehensive program of economic reform, backed up by governance changes. The degree of boldness indicates that after 35 years of world-beating economic performance, China's development model is obsolete and urgently in need of replacement. To justify the risks, President Xi quoted an impassioned plea for policy modernization by his predecessor Deng Xiaoping: the only way to avoid a dead end - a blind alley - is to deepen reform at home and opening to the world. Despite this clarion call, observers have found several reasons to wonder what shape the reforms will take and whether the reform program will set China's economy on a new path to sustained growth and bolster its trade and investment relationships. Avoiding the Blind Alley: China's Economic Overhaul and Its Global Implications offers new insights on the changing profile and prospects of what will soon be the world's largest economy. The report clarifies the ambitions of China's economic reform program, assesses the progress China has made in implementing reforms, and forecasts the economic impacts the program will have on China and the world."--Extracted from Asia Society Policy Institute website.

China's Future

China's Future PDF

Author: David Shambaugh

Publisher: John Wiley & Sons

Published: 2016-03-11

Total Pages: 144

ISBN-13: 1509507175

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China's future is arguably the most consequential question in global affairs. Having enjoyed unprecedented levels of growth, China is at a critical juncture in the development of its economy, society, polity, national security, and international relations. The direction the nation takes at this turning point will determine whether it stalls or continues to develop and prosper. Will China be successful in implementing a new wave of transformational reforms that could last decades and make it the world's leading superpower? Or will its leaders shy away from the drastic changes required because the regime's power is at risk? If so, will that lead to prolonged stagnation or even regime collapse? Might China move down a more liberal or even democratic path? Or will China instead emerge as a hard, authoritarian and aggressive superstate? In this new book, David Shambaugh argues that these potential pathways are all possibilities - but they depend on key decisions yet to be made by China's leaders, different pressures from within Chinese society, as well as actions taken by other nations. Assessing these scenarios and their implications, he offers a thoughtful and clear study of China's future for all those seeking to understand the country's likely trajectory over the coming decade and beyond.

China's Continued Reforms In A New Era: Their Impact On Chinese Foreign Direct Investments And Rmb Internationalization

China's Continued Reforms In A New Era: Their Impact On Chinese Foreign Direct Investments And Rmb Internationalization PDF

Author: Xugang Yu

Publisher: World Scientific

Published: 2020-03-17

Total Pages: 336

ISBN-13: 981121266X

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This book studies the new economic and financial reforms China is adopting to advance its economy, and the policies behind the Chinese Outbound Direct Investment (ODI). It also aims to illustrate the impact of China's reforms on Chinese Outward Investments, and the Internationalization of the RMB.The book explores the new wave of reforms, especially in the financial sector, together with President Xi Jinping's vision for a shared future for mankind together with his explanation on the 'new Era'. In fact, China is entering a 'New Era' and transforming its economy into a more sophisticated one, upgrading the industrial sector and introducing specific and dedicated reforms in the SOEs (State Owned Enterprises) to render them more efficient and allow them to compete fairly at the international level.The book also focuses on RMB 'internationalization'. It also contains an addendum on trade frictions between China and the US.

China's Belt And Road: The Initiative And Its Financial Focus

China's Belt And Road: The Initiative And Its Financial Focus PDF

Author: Yu Xugang

Publisher: World Scientific

Published: 2018-05-04

Total Pages: 356

ISBN-13: 9813239557

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This book aims at illustrating the OBOR Initiative (also known as "Belt and Road Initiative" or BRI), its many facets, including its background, and how the Chinese government intends to develop this ambitious project. It describes in detail the role and involvement of Institutions (lenders, in particular) in the OBOR Initiative. It offers guidance on how interested parties can participate in the different projects connected to the Initiative. The views of the authors, on the main aspects of this Initiative, serve as suggestions to parties interested in taking part in this Initiative. The book provides an exceptional amount of information about how projects connected to the BRI Initiative are financed and developed. The involvement of UBS clearly shows that financial institutions are interested in financing the Initiative. There is a special focus on the relationship between China and the EU, because the scope of this Initiative is not only to boost trade relationships between the two regions but also create new opportunities for all the countries along the new Silk Road. Contents: "Belt & Road Initiative" as a Continuation of China's Reform and Opening Up and as a Consequence of the Beijing Consensus (Xugang Yu) China and the "Belt and Road" Initiative: What Is It All About? (Xugang Yu and Cristiano Rizzi) The First Pillar of the B&R Initiative Funding: The Institutional Funding (Cristiano Rizzi and Mario Tettamanti) The Second Pillar of the OBOR Funding: The Private Sector (Mario Tettamanti) The Second Pillar of the B&R Initiative Funding: The Private Sector (Mario Tettamanti) Global Implications of the "B&R" Initiative and Its Impact on the EU Economy (Cristiano Rizzi and Mario Tettamanti) EU Infrastructure Priorities Connected to the B&R Initiative, and the Necessity for Coordinated Efforts with China in Developing the B&R Initiative (Cristiano Rizzi) Relations between China and Italy: The Development of Diplomatic Ties and the Impact of the B&R Initiative and a Brief Overview on the EU and Italian Rules Regulating Public Works (Cristiano Rizzi) The Impact of the B&R Initiative on the Development of International Law, Particularly of the Law of Carriage of Goods and of "International Business" (Fabio E Ziccardi) Readership: Policymakers, academics, professionals, undergraduate and graduate students interested in China's One Belt One Road Initiative, financial, China's outbound investment and China-EU relations. Keywords: One Belt One Road;Infrastructure;Transportation;Outbound Investment;Merger and Acquisition;Funding;China-EU RelationsReview:0

Regulating the Visible Hand?

Regulating the Visible Hand? PDF

Author: Benjamin L. Liebman

Publisher: Oxford University Press

Published: 2015-10-19

Total Pages: 481

ISBN-13: 0190250267

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The economic and geopolitical implications of China's rise have been the subject of vast commentary. However, the institutional implications of China's transformative development under state capitalism have not been examined extensively and comprehensively. Regulating the Visible Hand? The Institutional Implications of Chinese State Capitalism examines the domestic and global consequences of Chinese state capitalism, focusing on the impact of state-owned enterprises on regulation and policy, while placing China's variety of state capitalism in comparative perspective. It first examines the domestic governance of Chinese state capitalism, looking at institutional design and regulatory policy in areas ranging from the environment and antitrust to corporate law and taxation. It then analyses the global consequences for the regulation of trade, investment and finance. Contributors address such questions as: What are the implications of state capitalism for China's domestic institutional trajectory? What are the global implications of Chinese state capitalism? What can be learned from a comparative analysis of state capitalism?

China’s Foreign Policy

China’s Foreign Policy PDF

Author: Andrea Benvenuti

Publisher: Routledge

Published: 2022-05-16

Total Pages: 220

ISBN-13: 100058156X

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This volume explains China’s foreign policy from the perspective of its historical recovery after 1949 and the country’s subsequent rise as a great power, including its transformation into a global power. It also illuminates how China has, in tandem with its rise, developed an increasing array of political, economic, ‘sharp power’ and military capabilities that is helping it to further its increasingly expansive foreign policy objectives. The volume examines two key questions: What have been the implications of China’s rise for its foreign policy? And how has an increasingly powerful and confident China used a range of foreign policy instruments to pursue its expanding national interests in Asia and beyond? The volume is divided into three parts, covering the conceptualization and drivers of China’s foreign policy, China’s relations with the world, and the instruments of China’s foreign policy, namely its economic power, military capabilities and its ‘sharp power’ manipulation of information and relationships. It will be of interest to academics, students and researchers interested in understanding China’s role in world politics.

The Return of Bipolarity in World Politics

The Return of Bipolarity in World Politics PDF

Author: Øystein Tunsjø

Publisher: Columbia University Press

Published: 2018-02-27

Total Pages: 283

ISBN-13: 0231546904

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Since the collapse of the Soviet Union, the international system has been unipolar, centered on the United States. But the rise of China foreshadows a change in the distribution of power. Øystein Tunsjø shows that the international system is moving toward a U.S.-China standoff, bringing us back to bipolarity—a system in which no third power can challenge the top two. The Return of Bipolarity in World Politics surveys the new era of superpowers to argue that the combined effects of the narrowing power gap between China and the United States and the widening power gap between China and any third-ranking power portend a new bipolar system that will differ in crucial ways from that of the last century. Tunsjø expands Kenneth N. Waltz’s structural-realist theory to examine the new bipolarity within the context of geopolitics, which he calls “geostructural realism.” He considers how a new bipolar system will affect balancing and stability in U.S.-China relations, predicting that the new bipolarity will not be as prone to arms races as the previous era’s; that the risk of limited war between the two superpowers is likely to be higher in the coming bipolarity, especially since the two powers are primarily rivals at sea rather than on land; and that the superpowers are likely to be preoccupied with rivalry and conflict in East Asia instead of globally. Tunsjø presents a major challenge to how international relations understands superpowers in the twenty-first century.

Accidental Conflict

Accidental Conflict PDF

Author: Stephen Roach

Publisher: Yale University Press

Published: 2022-11-08

Total Pages: 448

ISBN-13: 0300269013

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The misguided forces driving conflict escalation between America and China, and the path to a new relationship “A timely, fluid, readable assessment of a testy and rapidly changing global relationship.”—Kirkus Reviews (starred review) In the short span of four years, America and China have entered a trade war, a tech war, and a new Cold War. This conflict between the world’s two most powerful nations wouldn’t have happened were it not for an unnecessary clash of false narratives. America falsely blames its trade and technology threats on China yet overlooks its shaky saving foundation. China falsely blames its growth challenges on America’s alleged containment of market-based socialism, ignoring its failed economic rebalancing. In a hard-hitting analysis of both nations’ economies, politics, and policies, Stephen Roach argues that much of the rhetoric on both sides is dangerously misguided, amplified by information distortion, and more a reflection of each nation’s fears and vulnerabilities than a credible assessment of the risks they face. Outlining the disastrous toll of conflict escalation between China and America, Roach offers a new road map to restoring a mutually advantageous relationship.