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E-grāmata: New Paradigm for Interpreting the Chinese Economy: Theories, Challenges and Opportunities [World Scientific e-book]

(The World Bank & Peking Univ, China)
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Only since the reforms of 1978 have Chinese economists been free to research the Chinese economy, says Yifu, and no overall paradigm has been yet established within which to create theories and conduct studies. He proposes such a paradigm, discussing such aspects as economic development and Chinese culture, the revival of China and the future of Chinese entrepreneurs, contemplating the current macroeconomic policies of China, commercial environment construction and macroeconomic development, Chinese state-owned enterprises and the reform of financial institutions, and the optimal financial structure in economic development. Annotation ©2014 Ringgold, Inc., Portland, OR (protoview.com)

Since the reform and opening up in 1978, the Chinese economy has grown rapidly. China has become the focus of the world due to its astonishing achievements in every aspect of its economical growth. The country's transformation process has witnessed unprecedented social and economic phenomena and the existing economic theories have not been able to explain this rapid growth. Therefore, there is a need to establish new theories. This book fills the gap by bringing forth new ideas and economic theories.The author, who is one of China's most prestigious economists, has a profound understanding of the country's social, economic and political structures. The book is a collection of his most representative works in the recent years. The chapters not only investigate problems and challenges faced by the Chinese economy, but also shed new light on the solutions and opportunities.
Preface v
Chapter 1 Prospect for the Chinese Economy in the 21st Century --- Speech for the 2001 BiMBA Top Management Class of Beijing University
1(24)
1 Introduction
1(1)
2 Review of Achievements in the Chinese Economy After Reform and Opening up
2(1)
3 Factors Contributing to China's Rapid Economic Growth
3(6)
4 Analysis of Key Problems in Chinese Economy
9(10)
5 Solutions to China's Economic Problems
19(4)
6 Prospect for the Chinese Economy: Optimistic or Pessimistic
23(2)
Chapter 2 Economic Development and Chinese Culture
25(20)
1 The Cultural Status of Traditional China
25(1)
2 Efforts in Modernization and Three Levels of Chinese Culture
26(7)
3 Economic Development and Cultural Changes
33(3)
4 Economic Development and the Future of Chinese Culture
36(9)
Chapter 3 The Revival of China and the Future of Chinese Entrepreneurs
45(6)
1 Chinese Entrepreneurs Overseas
45(1)
2 Challenges and Opportunities for Chinese Entrepreneurs
46(5)
Chapter 4 Curb Overheating to Prevent Supercooling
51(6)
Chapter 5 Window Guidance and Macro Control --- Contemplating the Current Macroeconomic Policies of China
57(6)
1 Failure to Reach Expected Effect by Raising the Interest Rate
57(2)
2 Striking Effect of Window Guidance
59(4)
Chapter 6 Will the Reform of Exchange Rate Regime of RMB be Successful?
63(6)
Chapter 7 Commercial Environment Construction and Macroeconomic Development
69(8)
Chapter 8 Competitive Advantage, Comparative Advantage, and Economic Development Strategies
77(8)
1 Main Ideas of the Theory of Competitive Advantage
77(2)
2 Comparative Advantage is the Basis for Competitive Advantage
79(3)
3 The Core of the Development Strategy is to Increase the Capital Accumulation
82(3)
Chapter 9 Chinese State-Owned Enterprises and the Reform of Financial Institutions
85(40)
1 China's Reform of State-Owned Enterprises: Current Status, Course, and Problems
86(11)
2 The Structure of China's Financial System
97(19)
3 Direction of the Reform of the State-Owned Enterprises and Financial System in China
116(7)
4 Conclusion
123(2)
Chapter 10 The Development Pattern of the Chinese Financial Market in the New Century --- Forward: China's Tasks in the New Century
125(12)
1 Criteria for the Efficiency of Different Financial Market Systems and the Evolution Laws
126(2)
2 China's Advantageous Industries in the Early 21st Century
128(2)
3 Selection of China's Financial Market Model
130(1)
4 The Main-Board Securities Market Cannot be the Financing Source for Small- and Medium-Sized Enterprises Owing to the High Cost of Financing
131(1)
5 The Growth Enterprise Securities Market (GEM) is not Suitable for Chinese Small- and Medium-Sized Enterprises
132(2)
6 How to Regard the Merger Wave of Foreign Banking Industries and Large Banks' Expansion to Personal Credit?
134(1)
7 Conclusion
134(3)
Chapter 11 On the Optimal Financial Structure in Economic Development
137(10)
1 The Economic Development Stage and Characteristics of the Financial Structure
137(2)
2 Brief Overview of the Structure of Real Economy and Risk Characteristics
139(2)
3 On the Nature and Application of Various Arrangements of Financial Systems
141(4)
4 Evolution of the Financial Structure: Dynamic Matching of the Arrangements of Financial Systems and the Structure of the Real Economy
145(2)
Chapter 12 Lack of Existing Paradigm for Interpreting the Chinese Economy
147(54)
1 How to View the Previous 25 Years of Rapid Economic Growth?
147(2)
2 Chinese Economy Should Not Be Viewed Based on the Current Theoretical Model
149(2)
3 Grasping Slight Changes to Interpret the Chinese Economy
151(1)
4 Maintaining Rapid Economic Growth in the Next Two Decades
152(1)
5 Technology --- The Most Important Aspect in the Long-Term Economic Growth of a Country
153(2)
6 Where is Chinese Economy Headed?
155(19)
7 What Kind of MBA Education Does China Need?
174(5)
8 Lessons from the West and the Challenges and Opportunities of Chinese Economics
179(9)
9 The Methodology of the Pursuit of Knowledge
188(13)
Index 201