Cai Fang - Böcker

China has experienced tremendous developmental success since its reform and opening-up policy in 1978. What has contributed to China’s high-speed economic growth? What lessons can be learned from China’s successful case? What might be the challenges that China would face on its path to becoming a high-income country? These are some critical questions this book addresses. Based on the facts and economic logic, this book briefly narrates the history of China’s successful development in the past 40 years and explains why China's reform and opening-up has boosted the high-speed growth of its economy. Recognizing the change in the stage of economic development, the author reveals the emerging challenges facing China when transitioning from a middle-income country to a high-income country. He proposes that the country should transition from the demographic dividend to reform dividend to sustain the long-term development.With its scholarly analysis and plain language, this book would not only attract scholars and students in economics and China studies but also readers interested in the development of the Chinese economy.

The year 2020 marked the time when China expected to attain its goal of building a moderately prosperous society in all respects. Yet it has witnessed the emergence of COVID-19 as a global pandemic that has spread to almost all countries and regions throughout the world. This serious public health disaster has brought with it severe economic shock, resulting in unexpected challenges to the completion of economic and social development goals.This title compiles the latest research, from a variety of perspectives, into the impact of COVID-19 on the Chinese economy. Economic experts and scholars from the Chinese Academy of Social Sciences analyze the current trends as well as short-term and long-term countermeasures in the agricultural, industrial, employment, and public health sectors and focus on supply and demand. They argue that China’s actions toward and promotion of economic recovery need to adapt to variability and uncertainty, and policy choices should be made in the light of the dialectical relationship between variance and invariance.The book will appeal to students and scholars of economics, political science, and social development.

The year 2020 marked the time when China expected to attain its goal of building a moderately prosperous society in all respects. Yet it has witnessed the emergence of COVID-19 as a global pandemic that has spread to almost all countries and regions throughout the world. This serious public health disaster has brought with it severe economic shock, resulting in unexpected challenges to the completion of economic and social development goals.This title compiles the latest research, from a variety of perspectives, into the impact of COVID-19 on the Chinese economy. Economic experts and scholars from the Chinese Academy of Social Sciences analyze the current trends as well as short-term and long-term countermeasures in the agricultural, industrial, employment, and public health sectors and focus on supply and demand. They argue that China’s actions toward and promotion of economic recovery need to adapt to variability and uncertainty, and policy choices should be made in the light of the dialectical relationship between variance and invariance.The book will appeal to students and scholars of economics, political science, and social development.

China’s continuous, rapid economic growth since the Reform and Opening up of the country in the early 1980s has been praised as a miracle of the world economy. However, since 2012, the rate of growth has slowed down, rendering some people pessimistic about the country’s economic prospects. This title is a collection of a leading Chinese economists’ views on China’s economic growth and structural reform. The author argues that China’s economy has entered “the new normal”, meaning that slowed growth rate is not a cyclical phenomenon but a change in the stage of economic development. Therefore, there is a need to enact supply-side structural reforms, such as improved efficiency of resource reallocation, while shifting the mode of development from one of inputs to innovation. In addition, the author discusses the five major concepts of development proposed for the “13th Five-Year Plan”, as well as some critical topics related to supply-side structural reform, such as agricultural development, labor employment, and product quality. Scholars and students of macroeconomics, development economics, and the Chinese economy will find this book to be essential reading.

China’s continuous, rapid economic growth since the Reform and Opening up of the country in the early 1980s has been praised as a miracle of the world economy. However, since 2012, the rate of growth has slowed down, rendering some people pessimistic about the country’s economic prospects. This title is a collection of a leading Chinese economists’ views on China’s economic growth and structural reform. The author argues that China’s economy has entered “the new normal”, meaning that slowed growth rate is not a cyclical phenomenon but a change in the stage of economic development. Therefore, there is a need to enact supply-side structural reforms, such as improved efficiency of resource reallocation, while shifting the mode of development from one of inputs to innovation. In addition, the author discusses the five major concepts of development proposed for the “13th Five-Year Plan”, as well as some critical topics related to supply-side structural reform, such as agricultural development, labor employment, and product quality. Scholars and students of macroeconomics, development economics, and the Chinese economy will find this book to be essential reading.

China has experienced tremendous developmental success since its reform and opening-up policy in 1978. What has contributed to China’s high-speed economic growth? What lessons can be learned from China’s successful case? What might be the challenges that China would face on its path to becoming a high-income country? These are some critical questions this book addresses. Based on the facts and economic logic, this book briefly narrates the history of China’s successful development in the past 40 years and explains why China's reform and opening-up has boosted the high-speed growth of its economy. Recognizing the change in the stage of economic development, the author reveals the emerging challenges facing China when transitioning from a middle-income country to a high-income country. He proposes that the country should transition from the demographic dividend to reform dividend to sustain the long-term development.With its scholarly analysis and plain language, this book would not only attract scholars and students in economics and China studies but also readers interested in the development of the Chinese economy.

The second edition of The Routledge Handbook of the Belt and Road encompasses the many recent developments across the Belt and Road Initiative (BRI) from 2019 to 2021, while retaining the comprehensive introduction to BRI from the first edition.The Handbook is a comprehensive review of the theory and practice of the BRI, the contributors to which are leading researchers in their fields. It illuminates the intentions and principles, history and current status, basic knowledge and latest studies, and promotion mechanisms on the whole BRI. This edition includes 132 entries in total, with a supplementary section on the Belt and Road forums for international cooperation, 22 brand new entries, and 13 revised and updated chapters, reflecting current progress. The book provides an authoritative and up-to-date overview of the BRI, and thereupon an explanatory interpretation of China’s development strategy and international policy stance.Already serving as the essential “encyclopaedia” of the BRI, this second edition will be a must-read for members of global think tanks, policy makers, and observers involved in the BRI□ construction, as well as researchers interested in international relations, Chinese economics, politics, and international policy.

The second edition of The Routledge Handbook of the Belt and Road encompasses the many recent developments across the Belt and Road Initiative (BRI) from 2019 to 2021, while retaining the comprehensive introduction to BRI from the first edition.The Handbook is a comprehensive review of the theory and practice of the BRI, the contributors to which are leading researchers in their fields. It illuminates the intentions and principles, history and current status, basic knowledge and latest studies, and promotion mechanisms on the whole BRI. This edition includes 132 entries in total, with a supplementary section on the Belt and Road forums for international cooperation, 22 brand new entries, and 13 revised and updated chapters, reflecting current progress. The book provides an authoritative and up-to-date overview of the BRI, and thereupon an explanatory interpretation of China’s development strategy and international policy stance.Already serving as the essential “encyclopaedia” of the BRI, this second edition will be a must-read for members of global think tanks, policy makers, and observers involved in the BRI□ construction, as well as researchers interested in international relations, Chinese economics, politics, and international policy.

Cai Fang is one of China’s most distinguished economists. This book elucidates the worldwide significance of China’s economic development over the past 70 years from the perspectives of economic history and growth theory.The Chinese economy has undergone an unprecedented period of growth and development since the reform and opening-up in the late 1970s; a process which the hallmarks of neoclassic economic theory have often proved inadequate to explain. Examining the Chinese economy in the light of Chinese history and the development of the world economy as a whole, the book charts the milestones and critical reforms of China’s economic development, providing insights into unique attributes as well as more generic patterns. The discussion covers multiple hot topics in the field, including the so-called Great Divergence, dual-sector economic development, real-world experience of the reform and opening-up, rural reform, urbanization, economic reform, poverty reduction, the latter day slowdown of China’s economic growth, and China¡¯s role in and response to globalization, global supply domination and other headwinds.The book will be a must-read for students, scholars and general readers interested in the Chinese economy, economic development, political economy, and development economics.

Cai Fang is one of China’s most distinguished economists. This book elucidates the worldwide significance of China’s economic development over the past 70 years from the perspectives of economic history and growth theory.The Chinese economy has undergone an unprecedented period of growth and development since the reform and opening-up in the late 1970s; a process which the hallmarks of neoclassic economic theory have often proved inadequate to explain. Examining the Chinese economy in the light of Chinese history and the development of the world economy as a whole, the book charts the milestones and critical reforms of China’s economic development, providing insights into unique attributes as well as more generic patterns. The discussion covers multiple hot topics in the field, including the so-called Great Divergence, dual-sector economic development, real-world experience of the reform and opening-up, rural reform, urbanization, economic reform, poverty reduction, the latter day slowdown of China’s economic growth, and China¡¯s role in and response to globalization, global supply domination and other headwinds.The book will be a must-read for students, scholars and general readers interested in the Chinese economy, economic development, political economy, and development economics.

The third edition of The Routledge Handbook of the Belt and Road documents the developments and achievements of the Belt and Road Initiative (BRI) from 2020 to 2022, capturing the latest evolution of this important international cooperation framework. With 135 carefully curated entries, this latest edition builds on its predecessors while focusing on new concepts and developments in the 2020–2022 period. The Handbook covers a wide range of topics, including new concepts, working mechanisms, projects, forums, and bilateral and multilateral cooperation initiatives. Each entry follows a consistent, reader-friendly format that outlines the significance, content and progress of various Belt and Road developments, effectively summarizing the theoretical and practical achievements of the initiative to date.This Handbook will serve members of global think tanks, policymakers and observers involved in the development of the BRI, as well as researchers interested in the latest trends of this global initiative and Chinese economics, politics and international policy.

China has grown rapidly since the reform initiation of the 1970s. China's Economic Growth Prospects narrates the contribution of demographic transition to recent economic growth in China, and provides suggestions for ways in which it can sustain growth over the next few decades. The expert author provides reasons for the economic slowdown since the second decade of the twenty-first century; explores the challenges facing China's long-term sustainability of growth with the disappearance of demographic dividend; and proposes policy suggestions. He concludes that, in order to avoid the middle-income trap, economic growth in China must transform from an inputs-driven pattern, to a productivity-driven pattern.Academics, researchers and students of economics and business, particularly those specialising in China, will find this book to be a useful resource. Investment bankers, journalists, politicians and policy makers will find the discussions of past experience and the future potential of the Chinese economy to be of interest.