New paradigm for interpreting the Chinese economy : theories, challenges and opportunities / Justin Lin Yifu ; Dong Lixi, in-house editor.

Format:

Book

Author/Creator:

Lin, Justin Yifu, 1952- author.

Contributor:

Lixi, Dong, editor.

Series:

Series on Chinese economics research ; Volume 7.

Series on Chinese Economics Research, 2251-1644 ; Volume 7

Language:

English

Subjects (All):

Financial institutions--China--Management.

Financial institutions.

China--Economic conditions--2000-.

China.

China--Social conditions--2000-.

China--Economic policy--2000-.

Physical Description:

1 online resource (215 p.)

Place of Publication:

Singapore : World Scientific, 2014.

Language Note:

English

Summary:

Since the reform and opening up in 1978, the Chinese economy has grown rapidly. China has become the focus of the world due to its astonishing achievements in every aspect of its economical growth. The country's transformation process has witnessed unprecedented social and economic phenomena and the existing economic theories have not been able to explain this rapid growth. Therefore, there is a need to establish new theories. This book fills the gap by bringing forth new ideas and economic theories.The author, who is one of China's most prestigious economists, has a profound understanding of

Contents:

Preface; Contents; Chapter 1. Prospect for the Chinese Economy in the 21st Century - Speech for the 2001 BiMBA Top Management Class of Beijing University; 1 Introduction; 2 Review of Achievements in the Chinese Economy After Reform and Opening up; 3 Factors Contributing to China's Rapid Economic Growth; 4 Analysis of Key Problems in Chinese Economy; 5 Solutions to China's Economic Problems; 6 Prospect for the Chinese Economy: Optimistic or Pessimistic; Chapter 2. Economic Development and Chinese Culture; 1 The Cultural Status of Traditional China

2 Efforts in Modernization and Three Levels of Chinese Culture3 Economic Development and Cultural Changes; 4 Economic Development and the Future of Chinese Culture; Chapter 3. The Revival of China and the Future of Chinese Entrepreneurs; 1 Chinese Entrepreneurs Overseas; 2 Challenges and Opportunities for Chinese Entrepreneurs; Chapter 4. Curb Overheating to Prevent Supercooling; Chapter 5. Window Guidance and Macro Control - Contemplating the Current Macroeconomic Policies of China; 1 Failure to Reach Expected Effect by Raising the Interest Rate; 2 Striking Effect of Window Guidance

Chapter 6. Will the Reform of Exchange Rate Regime of RMB be Successful?Chapter 7. Commercial Environment Construction and Macroeconomic Development; Chapter 8. Competitive Advantage, Comparative Advantage, and Economic Development Strategies; 1 Main Ideas of the Theory of Competitive Advantage; 2 Comparative Advantage is the Basis for Competitive Advantage; 3 The Core of the Development Strategyis to Increase the Capital Accumulation; Chapter 9. Chinese State-Owned Enterprises and the Reform of Financial Institutions

1 China's Reform of State-Owned Enterprises: Current Status, Course, and Problems1.1. The current status of China's state-owned enterprises; 1.2. Course of China's reform of state-owned enterprises; 1.3. The root of problems in China's state-owned enterprises; 2 The Structure of China's Financial System; 2.1. Overview of China's financial system; 2.2. The course of China's financial reform; 2.2.1. The reform of banks; 2.2.2. The reform of the capital market; 2.2.3. The reform of the financial supervision system; 2.3. Main problems of China's financial system

2.3.1. Huge amount of non-performing assets of the banking system2.3.2. Highly concentrated market structure of the banking industry; 2.3.3. Distorted stock market; 2.3.4. Lack of enterprise bonds market; 2.3.5. The financial supervision system in urgent demand of improvement; 2.4. Roots of the problems in China's financial system; 2.4.1. The root for the problem of non-performing loans in the banking system; 2.4.2. The root for the high concentration of the banking structure; 2.4.3. Reasons for the system defects of the capital market

3 Direction of the Reform of the State-Owned Enterprises and Financial System in China

Notes:

Includes bibliographical references and index.

Includes index.

Description based on print version record.

ISBN:

981-4522-32-5