The People's Republic of China at 50: The Economy

1999 ◽  
Vol 159 ◽  
pp. 606-615 ◽  
Author(s):  
Robert F. Dernberger
Keyword(s):  
Chinese Economy ◽  
People’S Republic Of China ◽  
People's Republic Of China ◽  
Republic Of China ◽  
Administrative Management ◽  
Colour Television ◽  
Chinese Consumer ◽  
Dynamic Growth ◽  
Single Question ◽  
China’S Economy

The dynamic growth of the Chinese economy over the past 50 years under the policies and administrative management of the People's Republic of China must rank among the most important developments of the 20th century. When I began my serious study of China's economy in the early 1950s, Western economists were preoccupied with a single question, “how are they ever going to feed all those Chinese?” Today, after 50 years in power, we must respect and even admire not only their ability to feed a population that has more than doubled in size, but also to provide the Chinese consumer with watches, washing machines, sewing machines, colour television sets, and tape and video recorders. A small, but significant and rapidly expanding, share of China's consumers is using mobile phones, computers and even private cars.

Past and future of the chinese economy (on the book by j. y. lin “demystifying the chinese economy”)

2014 ◽  
pp. 143-153
Author(s):  
A. Maltsev
Keyword(s):  
Market Economy ◽  
Chinese Economy ◽  
People’S Republic Of China ◽  
Economic Decline ◽  
People's Republic Of China ◽  
Success Story ◽  
Republic Of China ◽  
Comparative Advantages ◽  
Economic Modernization

The article is a review of the book “Demystifying the Chinese Economy” written by the famous Chinese economist J. Y. Lin. The book is about the China economic decline in the XVIII - beginning of the XX centuries; Lin also analyzes the country’s uneasy path towards market economy. Special attention according to the author should be paid to the success story of socio-economic modernization of People’s Republic of China in the last decades, which Lin explains using the comparative advantages concept.

scholarly journals Sustaining Growth of the People's Republic of China

2015 ◽  
Vol 32 (1) ◽  
pp. 31-48 ◽  
Author(s):  
Justin Yifu Lin ◽  
Fan Zhang
Keyword(s):  
Large Scale ◽  
High Growth ◽  
Developed Countries ◽  
Chinese Economy ◽  
People’S Republic Of China ◽  
People's Republic Of China ◽  
Republic Of China ◽  
Technological Gap ◽  
Long Run ◽  
Near Future

This paper reviews economic growth theory in the framework of economic development and explores the possibility of sustained growth in the People's Republic of China (PRC) in the long run. We argue that the PRC has the potential to sustain relatively high growth rates. First, since the technological gap with major developed countries still exists, the PRC can continue to enjoy its “advantage of backwardness” in the near future. Second, large-scale infrastructure investment, which began several decades ago, may possibly extend to the future and provide the country a basis for further growth. Third, structural readjustment, which is needed in many areas, should similarly be able to support the Chinese economy. This paper argues that to sustain long-term growth in the PRC, a number of general preconditions need to be fulfilled—these include well-functioning markets, a minimum amount of investment, continued structural upgrading, and effective government.

scholarly journals TECNOLOGÍA, INDUSTRIA Y MERCADOS EN LA CONFRONTACIÓN ESTADOS UNIDOS-REPÚBLICA POPULAR CHINA

2021 ◽  
Vol 80 (318) ◽  
pp. 126
Author(s):  
Miguel Ángel Rivera Ríos ◽  
Josué García Veiga
Keyword(s):  
United States ◽  
Modular Design ◽  
The United States ◽  
Chinese Economy ◽  
People’S Republic Of China ◽  
People's Republic Of China ◽  
Technology Markets ◽  
Republic Of China ◽  
Technology Industry ◽  
Two Generations

<p align="center"><strong>RESUMEN</strong></p><p>En menos de dos generaciones la República Popular China se convirtió en una superpotencia industrial y en la segunda economía del mundo. Las cadenas globales de valor transformaron a la economía china y ésta a su vez las transformó, produciendo un cambio en la estructura mundial. La simbiosis económica con Estados Unidos (EE. UU.) ha sido el eje de esos procesos, en torno a los cuales concurre la codependencia tecnológica, la aceleración de la innovación a través del diseño modular y la formación de mercados globales de tecnología. El pasaje a la etapa de bajo crecimiento mundial puso en tensión la referida relación, poniendo al descubierto la desconcentración de la hegemonía estadounidense. Estas tensiones han trasformado la relación conductiva en un conflicto entre ambas superpotencias. El motivo real de dicho conflicto es la resistencia de EE. UU. a adaptarse a las implicaciones de la presencia china en el mundo.</p><p> </p><p align="center">TECHNOLOGY, INDUSTRY AND MARKETS IN THE UNITED STATES-PEOPLE'S REPUBLIC OF CHINA CONFRONTATION</p><p align="center"><strong>ABSTRACT</strong></p>In less than two generations, the People’s Republic of China became an industrial superpower and the world’s second largest economy. Global value chains transformed the Chinese economy, which in turn transformed them, bringing about a change in the global structure. The economic symbiosis between China and the United States has been the axis of these processes, which have involved technological co-dependence, the acceleration of innovation through modular design and the creation of global technology markets. The transition to the stage of low world growth put a strain on this relationship, exposing the deconcentrating of US hegemony. These tensions have transformed the conductive relationship into a conflict between the two superpowers. The real reason for this conflict is the US resistance to adapt to the implications of China’s presence in the world.

Research on the Economy of the People's Republic of China: A Survey of the Field

1983 ◽  
Vol 42 (2) ◽  
pp. 345-372 ◽  
Author(s):  
Dwight H. Perkins
Keyword(s):  
Chinese Economy ◽  
People’S Republic Of China ◽  
People's Republic Of China ◽  
Limited Data ◽  
Quality Of Data ◽  
Republic Of China ◽  
Economic Progress

For nearly two decades, study of the Chinese economy involved constructing pictures of broad macro trends from extremely limited data painstakingly obtained. Given the quantity and quality of data available, a majority of analysts came surprisingly close to the mark in explaining what happened. A few economists attempted to deny that any economic progress had occurred, while there were others who painted a picture approaching Utopia, but these were always in the minority. When China began to open up in the late 1970s and data were once again systematically published, there were some surprises, but much of that written before the opening remained valid. If economists did a reasonably good job of explaining what happened, however, they did much less well explaining why.

scholarly journals Impact of China’s Growing Global Position on the Economy of the Czech Republic

2021 ◽  
Vol 92 ◽  
pp. 09017
Author(s):  
Kamila Veselá ◽  
Linda Pudilová
Keyword(s):  
Czech Republic ◽  
Growth Rates ◽  
Value Added ◽  
High Growth ◽  
Chinese Economy ◽  
People’S Republic Of China ◽  
People's Republic Of China ◽  
The Czech Republic ◽  
Republic Of China ◽  
Mutual Relations

Research background: The People’s Republic of China in the 21st century can be described as an economy with high growth rates and great ambitions. Some statistics even indicate that China will become the world’s new hegemon by 2040. The People’s Republic of China is not only one of the largest exporters but is increasingly speaking to the world economy and international relations. Since the beginning of the 1990s, mutual relations between the People’s Republic of China and the Czech Republic can be described as very good and constantly deepening, which can be evidenced, among other things, by the number of trade agreements. Purpose of the article: Purpose of the article is to evaluate a development of mutual relations between Czech and Chinese economies in order to predict their future development. Emphasis will be placed on the development of mutual trade through the evaluation of absolute and relative indicators and growth rates. Methods: The paper is based on secondary data from the database of the Czech Statistical Office. The key methods used in the article are the analysis of time series of real products of the Czech Republic and China and their foreign trade. The analysis focuses on the trend, deviations and development of absolute and relative indicators. Findings & Value added: The results of the analysis proved that the Chinese economy is growing on average more than twice as fast as the Czech economy. Because of that, the economic/living standards of the population of both countries are converging. The growth rate of the People’s Republic of China, together with its high spending on science and research, means that (if this trend is maintained) China is likely to become the world’s new hegemon in the near future.

scholarly journals Legal account auditing in the corporate system of Chinese listed companies relevance and implications

2014 ◽  
Vol 11 (3) ◽  
pp. 336-348 ◽  
Author(s):  
Roberta Provasi ◽  
Patrizia Lucia Maria Riva
Keyword(s):  
Stock Exchange ◽  
Chinese Economy ◽  
People’S Republic Of China ◽  
People's Republic Of China ◽  
Republic Of China ◽  
Foreign Companies ◽  
Corporate System ◽  
Current Scenario ◽  
International Convergence ◽  
Big Four

In recent years, the People’s Republic of China has enjoyed strong growth that has attracted the attention of the whole world. In particular, the event that marked a significant development of the Chinese economy has been the entry into the WTO in 2001. This has triggered the opening of China to foreign investment and the gradual liberalization of foreign companies in the Chinese domestic market. The presence of foreign investors and foreign companies in China has increased the demand for higher quality in the standard of auditing and an acceleration of the process of international convergence. To this end, China over the years has continued its project of alignment with the international rules and in 2008 published the new CSA (Chinese Standards on Auditing) and in 2010 in accordance with the principle of global and continues convergence the CASB (China auditing Standards Board) has completed its review of the CSA achieving full convergence with the Clarified ISAs. The aim of this research is to investigate the current scenario of the system of statutory audit in the People’s Republic of China, the degree of development of auditing system highlighting the differences and peculiarities of the audit through an empirical analysis that involved the companies composing the index CSI 300 the 300 most highly capitalized companies, 95 of which are listed on the Shenzhen Stock Exchange and 205 on the Shanghai Stock Exchange. The analysis showed that there is a strong presence of local auditing firms, almost half of the companies listed on the CSI 300 are audited by domestic firms. With regard to the presence of foreign companies, it was found that foreign companies not belonging to the big four are the most representative. In fact only 76 companies are audited by the Big Four.

scholarly journals The characteristics of digitalization of China’s economy in the first decades of the 21-st century

2021 ◽  
pp. 63-82
Author(s):  
K. V. Kasparyan ◽  
M. V. Rutkovskaya
Keyword(s):  
National Economy ◽  
Chinese Economy ◽  
Internet Technology ◽  
People’S Republic Of China ◽  
High Tech ◽  
People's Republic Of China ◽  
Foreign Economic Policy ◽  
Republic Of China ◽  
Initial Stage ◽  
The Usa

The article is devoted to the comprehension of formation and development of digital sector of the national economy in the People’s Republic of China in the first decades of the 21-st century. This study examined the essense of the digital economy as such, its inception and development, and the advantages, by which it supplies the world economy in the field of trade and services. The article explores the reasons, that led the transition of the Chinese State to digitalization at a later date than in the USA and other Western countries, and Japan and Korea. This study examines the beginning of the process of creating the Internet technology sector in the Chinese economy with an explanation of the factors that caused the difficulties that PRC faced at the initial stage in this area at the initial stage. The work contains an analysis of the policy of the Chinese authorities in the field of the development of high technologies in the period under study. The authors explore the causes and consequences of fundamental changes which occurred during the formation of the network component of the national economy of China in 2010-s and explain the significant successes that the People’s Republic of China has achieved in the global high-tech market, taking into account the specifics of political situation in the country and its influence on the foreign economic policy of the Celestial Empire.

scholarly journals THE MAIN TRENDS OF THE CONSTITUTIONAL AND LEGAL REGULATING THE CHINESE PEOPLE’S ECONOMY REPUBLICS AT THE TURN OF THE ХХ AND ХIХ CENTURIES

2021 ◽  
pp. 81-89
Author(s):  
V. V. Nevinskij
Keyword(s):  
Legal Regulation ◽  
Chinese Economy ◽  
People’S Republic Of China ◽  
Chinese Society ◽  
People's Republic Of China ◽  
Socialist Market Economy ◽  
State Laws ◽  
Economic Relations ◽  
Republic Of China ◽  
Constitutional Principle

The article examines the essence and the main trends of constitutional and legal regulation of the Chinese economy at the turn of the 20th and 21st centuries. One of the obvious consequences along the way is the tendency to revive and enhance the role of “socialist law with Chinese specificity”. In the era of reform, the 1982 Constitution of the People’s Republic of China and the laws as the basis of the legal regulatory mechanism in various spheres of Chinese society, including the economy, are important. The peculiarities of building China’s legal system, including the reasons for a small share of state laws, are revealed. The analysis of amendments to the Constitution of the People’s Republic of China allows us to see the main features of the consistent development of constitutional and legal regulation of economic relations “with Chinese specificity” expressed by the constitutional principle of the “socialist market economy.”

scholarly journals The Characteristics and Enlightenment of the Specialization and Professionalization of College Counselors since the Founding of the People’s Republic of China

2020 ◽  
Vol 4 (11) ◽  
Author(s):  
Shuang Zhou
Keyword(s):  
Education Reform ◽  
Health Knowledge ◽  
People’S Republic Of China ◽  
Chinese Government ◽  
People's Republic Of China ◽  
College Counselors ◽  
Republic Of China ◽  
Administrative Management ◽  
Political Work ◽  
Mental Health Knowledge

Since the 1970s, the Chinese government has promulgated relevant policies and launched a series of corresponding measures, mainly to strengthen the professional building of efficient counselors. With the education reform, the role and mission of college counselors are also changing, from dealing with solely political work at the beginning to being a political guide, conceptual mentor, administrative management leader and imparter of mental health knowledge for young college students and so on. This paper mainly analyzes the characteristics of the professionalization and specialization development of the counselor team since the founding of the People's Republic of China, analyzes the current development difficulties, derives inspiration from the law of historical development, and eliminates the difficulties.

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