Analysis over factors of innovation in China’s fast economic growth since its beginning of reform and opening up

PurposeDuring the process of reform and opening-up, the structural transformations of the Chinese economy have two significant leaps forward and demonstrate a process of “rural area–industrialization (urban industry and rural industry)–urbanization” development powered by the main engine of economic growth.Design/methodology/approachThese two leaps forward resulted in transitions of economic structure in China. In the author’s view, structural transformations are closely related to China's economic reforms and can be divided into clear phases.FindingsThe structural transformations have two significant leaps forward and demonstrate a process of “rural area–industry (urban industry and rural industry)–urban area development” powered by the main engine of economic growth.Originality/valueThis paper reviews and summarizes the development and structural transformations in China’s economy over the last 40 years. The author believes that China’s economic miracle is accompanied by dramatic changes in its economic structure, which is particularly characterized by the ongoing process of transition from a traditional agricultural economy into a country with high industrial output, from industrialization into urbanization and from a planned economy into a market economy.

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Impact of marketization process on China's forestry economic growth – based on the statistical yearbook data from 1978 to 2016

Forestry Economics Review ◽

10.1108/fer-02-2020-0002 ◽

2020 ◽

Vol 2 (1) ◽

pp. 43-60

Author(s):

Dan Qiao ◽

Shuifa Ke ◽

Xiaoxiao Zhang ◽

Qiya Feng

Keyword(s):

Economic Growth ◽

Market Mechanism ◽

Three Dimensions ◽

Production Factor ◽

Content Type ◽

Forestry Production ◽

Reform And Opening Up ◽

The Impact ◽

The Relationship ◽

Opening Up

PurposeThe paper aims to explore the impact of marketization on forestry economic growth. Firstly, the development process of forestry marketization was summarized. Secondly, from the three dimensions of forestry production factor marketization, production marketization and product marketization, the framework of marketization is constructed by the authors.Design/methodology/approachBased on the yearbook data from 1978 to 2016, the relationship between forestry marketization and forestry growth was demonstrated through multiple regression and Granger test in this paper.FindingsThe results showed that forestry marketization was one of the important driving factors that impacted on China's forestry economic growth. Since the reform and opening up, China's forestry marketization degree has been constantly strengthened, but there is still room for improvement. China has provided an important model as forestry marketization reform and development sample for the world.Social implicationsMany useful references and inspirations have been provided from China such as gradually promoting market-oriented reforms; paying attention to the important role of reform and opening up in the construction of market mechanism; dynamic coordination of market and government relations; developing and connecting the relationship between domestic and international market; and coordinating the development of forestry state-owned economy, private economy and mixed ownership economy.Originality/valueThis paper creates a measure index of forestry marketization from three dimensions of forestry production factor marketization, production marketization and product marketization.

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Analysis on Periodic Fluctuation of Economy at County Level

Modern Economics & Management Forum ◽

10.32629/memf.v2i6.537 ◽

2021 ◽

Vol 2 (6) ◽

Author(s):

Bing Zhang

Keyword(s):

Economic Growth ◽

Economic Development ◽

Local Economic Development ◽

Comprehensive Understanding ◽

Economic Cycle ◽

High Quality ◽

Periodic Fluctuation ◽

Depth Analysis ◽

Reform And Opening Up ◽

Opening Up

On most occasions, economic development is embodied with periodic characteristics. Comprehensive understanding of the economic cycle is of great significance to guiding the formulation of macroeconomic policies and maintaining stable economic growth. Since the reform and opening up, Tengzhou's economy has maintained a momentum of rapid growth, which, however, is characterized by obvious periodic fluctuations. This paper makes an in-depth analysis of the characteristics and causes of economic periodic fluctuation in Tengzhou, in order to have a comprehensive understanding of the economic cycle, and the economic law is adopted to take corresponding economic growth measures in different periods of economic development, thus achieving high-quality economic development. In this paper, the study of county economic cycle is not subject to economic theory, rather the study is conducted with a large number of historical background and local economic development characteristics. The economy of Tengzhou City, since the reform and opening up, is divided into five cycles. The conclusion is drawn that the county economic cycle is affected by macroeconomic fluctuations, industrial structure adjustment, investment and consumption fluctuations and other factors. We put forward targeted suggestions on using the economic cycle to promote high-quality economic development.

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China's poverty alleviation “miracle” from the perspective of the structural transformation of the urban–rural dual economy

China Political Economy ◽

10.1108/cpe-06-2021-0008 ◽

2021 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Fan Gao

Keyword(s):

Economic Growth ◽

Structural Transformation ◽

Poverty Alleviation ◽

Rural Poverty ◽

Major Theme ◽

Dual Economy ◽

Content Type ◽

Urban Rural ◽

Reform And Opening Up ◽

Opening Up

PurposePoverty alleviation has been a major theme of China's modernization process since the founding of New China. This paper points out that China's poverty alleviation process presents three stylized facts: “Miraculous” achievements of poverty alleviation have been made on a global scale; the poverty alleviation achievements mainly occurred in the high growth stage after reform and opening up; the poverty alleviation process is accompanied by the structural transformation of the urban–rural dual economy.Design/methodology/approachTherefore, a logically consistent analytical framework should form among the structural transformation of the dual economy, economic growth and the achievements in poverty alleviation. In logical deduction, the structural transformation of the dual economy affects rural poverty alleviation through the effects of labor reallocation, agricultural productivity improvement, demographic change and fiscal resource allocation.FindingsThe first two refer to economic growth, and the latter two are alleviation policies. The combination of economic growth and poverty alleviation policies is the main cause for poverty alleviation performance. China's empirical evidence can support the four effects by which the structural transformation of the dual economy affects poverty alleviation.Originality/valueChina's socialist system and its economic system transformation after reform and opening up provide an institutional basis for the effects to come into play. After 2020, China's poverty alleviation strategies will enter the “second-half” phase, namely, the phase of solving the problems of relative poverty in urban and rural areas by adopting conventional methods and establishing long-term mechanisms. This requires the facilitation of the reconnection between poverty alleviation strategies and the structural transformation of the dual economy in terms of development ideas and policy directions.

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Financial Globalization and the Development of China's Economy

Handbook of Research on Institutional, Economic, and Social Impacts of Globalization and Liberalization - Advances in Finance, Accounting, and Economics ◽

10.4018/978-1-7998-4459-4.ch013 ◽

2021 ◽

pp. 227-245

Author(s):

Zhao Weili

Keyword(s):

Economic Growth ◽

New World ◽

Development Trend ◽

Financial Globalization ◽

Financial Openness ◽

Trade Friction ◽

Reform And Opening Up ◽

The Development Trend ◽

Opening Up ◽

China’S Economy

Since the outbreak of COVID-19, the official Brexit and the trade friction between Sino-US, anti-globalization become the focus of the world. After 40 years of reform and opening up, China's economy is facing new challenges under the new world situation. This chapter mainly focuses on how to promote China's economic growth under the background of financial globalization. Firstly, this chapter will introduce the development trend of the globalization and analyze the relation between financial globalization and economic growth. Secondly, this chapter will examine the state quo of China's financial openness and compare the change of China's de jure financial openness with the change of China's de facto financial openness. At last, this chapter will expound challenges faced by China's economy and put forward possible solutions to these challenges in terms of financial globalization.

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Analysis of Economic Effect of Rural Labor Transfer in Central Region

Advanced Materials Research ◽

10.4028/www.scientific.net/amr.926-930.3746 ◽

2014 ◽

Vol 926-930 ◽

pp. 3746-3749

Author(s):

Zhi Gang Li

Keyword(s):

Economic Growth ◽

Rural Areas ◽

Economic Effect ◽

Rural Labor ◽

Surplus Labor ◽

Strategic Value ◽

Labor Transfer ◽

Surplus Labor Force ◽

Reform And Opening Up ◽

Opening Up

Since the reform and opening-up, the speed of urban development is significantly higher than the speed of rural areas. So a large number of rural surplus labor force started to transfer to cities, which has great strategic value and practical value for stimulating local economic growth and increasing farmers' income.

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The interaction between standards development and economic growth of China

International Journal of Quality Innovation ◽

10.1186/s40887-019-0034-8 ◽

2019 ◽

Vol 5 (1) ◽

Author(s):

Hao Zhang ◽

Jiadong Jiang ◽

Liwei Zheng ◽

Xiangzhen Li

Keyword(s):

Economic Growth ◽

International Trade ◽

Quality Management ◽

Qualitative Analysis ◽

International Standards ◽

The World ◽

Standards Development ◽

The Government ◽

Reform And Opening Up ◽

Opening Up

AbstractChina has been participating in the international standards activities since the reform and opening up period. China’s standards action has not only brought about significant changes in the way of international trade, but also changed the connotation and manifestation of economic growth, which has further affected China’s position in the world standards development. On the basis of qualitative analysis of the interaction between standards development and economic growth, this paper quantitatively analyzes the degree of interaction between them. The results indicate that the higher standards in a country, the stronger its economic strength and the higher its position in world standards development. This conclusion is helpful for the government, industry authorities, and enterprises to pay more attention to standards in quality management and improve the standards level.

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The Related Research of Transportation and Economic Development in China

Advanced Materials Research ◽

10.4028/www.scientific.net/amr.403-408.1560 ◽

2011 ◽

Vol 403-408 ◽

pp. 1560-1563

Author(s):

Bang Quan Yan ◽

Jian Sheng Zhang

Keyword(s):

Economic Growth ◽

Economic Development ◽

Empirical Analysis ◽

Var Model ◽

Related Research ◽

Model Research ◽

Development State ◽

Reform And Opening Up ◽

Opening Up

With the data from 1980 to 2009, this paper gave an empirical analysis on the relation of transport development and economic growth by VAR model. Research shows that since the 30 years’ reform and opening up policy of China, the transportation and economic development have got a long-term positive mutually relationship, and make a positive interactive development state.

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