This book meticulously elaborates on the theory of public goods supply, delving into government supply, market (private) supply, voluntary supply, and multi-stakeholder cooperative supply mechanisms. It conducts a comparative analysis of public goods supply and supply mechanism reforms across various countries. Not only does the book establish a model illustrating the relationship between public goods supply and economic growth, but it also examines the historical evolution of China's urba...

How will China reform its economy as it aspires to become the next economic superpower?It's clear that China is the world's next economic superpower. But what isn't so clear is how China will get there by the middle of this century. It now faces tremendous challenges such as fostering innovation, dealing with ageing problem and coping with a less accommodative global environment.In this book, economists from China's leading university and America's best-known...

China's recent economic reforms have led to impressive growth, and an unprecedented enthusiasm for establishing foreign enterprises in China. Since 1993, China has been the second largest recipient of foreign direct investment in the world and is now considered to be the world's third biggest economy. Its greater economic integration with the rest of the world, especially since its accession to the World Trade Organisation (WTO), has further accelerated its market-oriented economic reforms...

The Center for China Studies is among China’s most influential think-tanks, and its China Studies Reports are read at the highest levels of government. Now for the first time, the most important of these reports is collected in book form in English, providing a fascinating insight into the challenges and opportunities for Chinese development and the government’s thinking on economic and social issues.Including comparative studies with developed and developing nations, analysis of p...

In this timely and provocative book, James Stent, a banker with decades of experience in Asian banking and fluency in Chinese language, explains how Chinese banks work, analyzes their strengths and weaknesses, and sets forth the challenges they face in a slowing economy. Without minimizing the real issues Chinese banks face, China's Banking Transformation challenges negative media accounts and reports of "China bears". Based on his 13 years of service on the boards of China Minshe...

A noted Chinese economist examines the mechanisms behind China's economic reforms, arguing that universal principles and specific implementations are equally important.As China has transformed itself from a centrally planned economy to a market economy, economists have tried to understand and interpret the success of Chinese reform. As the Chinese economist Yingyi Qian explains, there are two schools of thought on Chinese reform: the “School of Universal Principles...

China should complete its transition to a market economy through enterprise, land, labor, and financial sector reforms, strengthen its private sector, open its markets to greater competition and innovation, and ensure equality of opportunity to help achieve its goal of a new structure for economic growth. These are some of the key findings of China 2030, a joint research report by a team from the World Bank and the Development Research Center of China’s State Council. This report lays out t...

Public-Private Partnerships aims to discover the conditions under which public private partnerships may provide a viable alternative to the provision of public services and infrastructures by the state, while achieving efficient, sustainable, peaceful, and equitable development in four transition countries: China, Poland, Russia, and Ukraine. These countries have experienced command economy under communist rule for at least thirty years. They have only recently introduced market m...

The concept of ‘harmonization’ has become very popular in China, with the Chinese government increasingly applying the term ‘harmonious society’ to internal affairs and the term ‘harmonious world’ to international relationships. Harmonization as both an end and a means of China’s development is deeply rooted in China’s cultural tradition, which emphasizes moderation, balance and harmony between human beings and nature, between different social groups, and between the Chinese and other nati...

On subjects ranging from trade to democratization, there has lately been a wave of laments about China's development belying Western expectations. Yet these disappointments often come with misunderstandings of the very institutions that China was expected to adopt. Chinese taxation offers a sharp illustration. When China introduced a tax system suited for the market economy, it fully intended tax collection to rely on self-assessment, audits, and the rule of law. But this Western approach ...

Guangdong a province of over 93 million residents is located on the southern coast of China boarding with Hong Kong China. As Chinas powerhouse for economic growth and a pioneer of reform and opening up Guangdong has maintained an annual average GDP growth rate of 13.7 percent over the past three decades. Its historical achievements notwithstanding Guangdong witnessed increased inequality and regional disparity. To assist the authority in developing a strategy for the new phase of reforms tha...

Since its opening up and economic reforms in 1979, China has undergone tremendous economic growth and social development, with a ten percent real gross domestic product growth per year on average through 2013. In spite of such an accomplishment, the current economic growth model in China, which is mainly triggered by the export-led policy and the huge government investment, has been challenged by potential external and internal risks, which do not support sustainable economic growth in the...