Supernormal growth : China's economy 1979-2049 / by Jeffrey Shi Zhengfu, Fudan University, Shanghai, China.

Format:

Book

Author/Creator:

Shi, Zhengfu, 1954- author.

Standardized Title:

Chao chang zeng zhang. English

Language:

English

Subjects (All):

Economic forecasting--China.

Economic forecasting.

China--Economic conditions--1976-2000.

China.

China--Economic policy--1976-2000.

China--Economic conditions--2000-.

China--Economic policy--2000-.

Physical Description:

1 online resource (190 p.)

Place of Publication:

Hackensack, New Jersey : World Century, 2015.

Language Note:

English

Summary:

"Supernormal Growth confirms the supernormal achievements of China by providing founding statistics that China, during the past 35 years, experienced a synchronous high-speed growth of investment, consumption, labor productivity with low volatility.First of its kind, Jeffrey Shi analyzes the unique structure and operating mechanism of China's existing market economy from a theoretic perspective, and attributes China's supernormal growth to supernormal investment aroused by China's three dimensional (3-D) market system which consists of competitive enterprises, competitive local governments and central government and to supernormal purchasing power created by American's finance-driving strategy.In examining multiple challenges of China one by one, the Shi proposes a whole conception of national strategic asset investment system which does not interfere with the operation of normal market, but provides sustainable extra force to extend China's supernormal growth, and also an innovative idea of relieving polarization of the poor and the rich through a ""1.5th income distribution"" system, so as to provide a panoramic view of China's supernormal growth strategy in the next 30 years.Shi is not only a respected scholar, but also a successful businessman, giving Supernormal Growth a more valuable reference in answering many questions about China's development no matter in the past or future."-- Provided by publisher.

Contents:

Contents; Preface; About the Author; Chapter 1 China's Unconventional Economic Growth; 1. Supernormal Growth; 2. Super-low Economic Volatility; 3. Fast-paced Consumption Growth and Increased Efficiency; 4. The Periodic Crises of Market Economy; 5. How China Overcame Periodic Crises; Chapter 2 China's Special Market Economy and Supernormal Investment; 1. Competitive Local Governments and the Three-dimensional Market System; 2. Local Investment Incentives and Levels of Investment; 3. Long-term Returns of Local Investment Incentives

Chapter 3 The US Federal Reserve and International Supernormal Purchasing Power1. The Emergence and Growth of International Purchasing Power; 2. Asset Bubbles and Deficit Spending; 3. Industries Relocate Overseas and the Trade Deficit; 4. Fiscal Deficit and Excessive Issuance of US Dollars; 5. The Limits and Crisis of Supernormal Purchasing Power; Chapter 4 A New Historical Phase for China's Economic Growth; 1. Upgrading Consumption and Industry; 2. Urbanization; 3. Ecology and Environment; 4. Energy and Resources; 5. Human Capital and Technological Innovation

6. National Defense Construction7. Accumulation, Investment and Consumption; Chapter 5 A New Phase for Supernormal Growth; 1. The Prospects for Growth Toward 2049; 2. In Search of Endogenous Supernormal Purchasing Power; 3. Investment Areas for Supernormal Purchasing Power; 4. Creating the National Strategic Development Fund; Appendix; References; Postscript; Index

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on print version record.

ISBN:

1-938134-63-X