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.

THE “CATFISH EFFECT” OF THE PRIVATE SECTOR ON THE ECONOMY OF THE PEOPLE’S REPUBLIC OF CHINA

1996 ◽  
Vol 04 (04) ◽  
pp. 331-349 ◽  
Author(s):  
ZHANG YOUZHUO ◽  
FU JIESHENG ◽  
M.Y. WONG ◽  
SALLY STEWART
Keyword(s):  
Private Sector ◽  
Market Economy ◽  
The Other ◽  
People’S Republic Of China ◽  
Dynamic Force ◽  
Vigorous Activity ◽  
People's Republic Of China ◽  
Republic Of China ◽  
The Creation

Just as a catfish placed in a tank will by its vigorous activity oxygenate the water and energise the other fish, so the private sector1 in the People’s Republic of China (PRC) is stimulating progress in other aspects of the economy. It is suggested that the changes, which include the creation of a new entrepreneurial class; setting a model for “capital operations” in the transition to a market economy; accelerating the formation of a competitive climate and acting as a pioneer, are contributing greatly to the development of the PRC. The paper concludes that the private sector provides a new dynamic force and is unlikely to be abolished again.

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.

scholarly journals The Analogue Method Comes Unfastened – The Awkward Space between Market and Non-Market Economies in EC–Fasteners (Article 21.5)

2018 ◽  
Vol 17 (2) ◽  
pp. 313-334 ◽  
Author(s):  
ILARIA ESPA ◽  
PHILIP I. LEVY
Keyword(s):  
European Union ◽  
Market Economy ◽  
People’S Republic Of China ◽  
The European Union ◽  
People's Republic Of China ◽  
Market Economies ◽  
Republic Of China ◽  
Appellate Body ◽  
Analogue Method ◽  
The Eu

AbstractThe compliance Appellate Body decision marks the latest twist in the long-running EC–Fasteners dispute. The question before the AB is whether the European Union complied with earlier rulings on its anti-dumping procedures. Broadly, the AB found that the EU had not, generally ruling in favor of the People's Republic of China. In the process, the AB raised interesting questions about what it means to be a Non-Market Economy (NME) in the WTO. While NME status has traditionally led to large dumping margins, the AB approach in this case may lessen the consequences for China. Among other things, the case raises the interesting and important question of how pervasive the taint of NME status may be when calculating margins. By allowing for adjustments of certain costs, the AB seems to constrain the more draconian analogue country methodology of calculation.

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.

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