Description
Book SynopsisChina's Economy in the Post-WTO Environment comprises a set of concise and comprehensive chapters by leading specialists on the Chinese economy.
The book explores the implications of both the extension of the market into key parts of the Chinese economy and the integration of China into the global economy. The main focus of the book is on the role and nature of China's financial system and its ability to transform enterprise and household behavior and the performance of investment finance, notably in the context of a two-way flow of foreign direct investment. All the extensive chapters highlight the issue of sustainability - some see the incompleteness of market reform as a problem; others are more willing to accept a pragmatic blending of the operation of the free market and government intervention.
Containing up-to-the-minute data, this book will appeal to academic researchers who are engaged in research, as well as teaching and learning, in the fields of business studies, the Chinese economy, international business and Asia-Pacific economies. Academics and students in economics and business and business people who have an interest in China will also find much to interest them in this unique book.
Contributors include: S. Ardekani, C. Chen, H. Chen, X. Chen, P. Drysdale, G.R. Durden, N. El-Haber, J. Li, K.B. Oh, C. Pang, L. Song, S. Sun, W.-M. Tian, J. Wang, Y. Wu, L. Xu, Y. Xu, J.X. Zhang, Y. Zhang, Y. Zheng, Z.-Y. Zhou, H. Zhu
Table of ContentsContents: Foreword Colin White Preface Lilai Xu PART I: STOCK MARKET AND FINANCIAL SERVICES 1. Who is More Important – a Leading Power or a Close Neighbor? Yi Zheng and Heng Chen 2. Condition Constraints and Player Behavior in China’s Stock Market Huaiqing Zhu and Changfeng Pang 3. China’s Changing Demographics and their Influence on Financial Markets K.B. Oh, Xuebin Chen, Jianmei Wang, Geoffrey R. Durden and Nicole El-Haber PART II: CHINA’S FDI AND FDI IN CHINA 4. Going Global: China’s Outward Foreign Direct Investment Lilai Xu 5. Determinants of Investment Intensity of Source Economies in China Chunlai Chen 6. Foreign Strategic Investment and Banking Efficiency in China Ying Xu 7. The Role of Geographical Proximity in FDI Productivity Spillovers in China Sizhong Sun, Ligang Song and Peter Drysdale PART III: PRICE DETERMINANTS AND POLICY CHALLENGES 8. Fluctuations of Prices in the World Grain Market: Policy Responses by the Chinese Government Wei-Ming Tian and Zhang-Yue Zhou 9. RMB Appreciation or Fiscal Stimulus, and their Policy Implications James Xiaohe Zhang PART IV: DISTORTION AND ECONOMIC SUSTAINABILITY 10. From Policy-driven Opening to Institutional Opening – A Discussion on Policy-imposed Distortion in China’s Economic Development Youwen Zhang 11. Urban Sustainability: The Case of the Transportation System in Big Cities Jianling Li, Siamak Ardekani and Stephen Mattingly 12. Has Capital been Utilized Efficiently in China? Yanrui Wu Index
