China and the World Economy Transition and Challenges

This book brings together leading international scholars and leading scholars from China’s highly prestigious Development Research Centre of the State Council of the People’s Republic of China, who all put forward their insights into the current challenges for the Chinese and the world economy. The book focuses on six topics: economic growth, trade, industry and services, innovation, finance, and environment and ecology, all of which are central to the sustainable economic growth of China and the world. Overall, the book provides balanced perspectives as well as rich empirical evidence from China and other parts of the world on the development and regulation of the Chinese and the world economy.

Introduction Part I Macroeconomy1. China’s economic transition: features and policy response, LI WEI2. The shifts and the shocks: emerging economies in an age of financial crises, MARTIN WOLF3. China’s transition in growth stages: causes, challenges, and policy response, ZHANG JUNKUO, YU BIN AND WU ZHENYU4. China’s development and its implications for the world economy, ZHAO JINPING AND ZHAO FUJUNPart II Trade and investment5. The inconsistent quartet: free trade versus competing goals, MARTIN DAUNTON6. Looking ahead: the new world of trade, PASCAL LAMY7. The evolution of comparative advantage and the adjustment of export strategy in China, LONG GUOQIANGPart III Industries and services8. The development of China’s real economy: challenges and response, ZHANG LAIMING AND LI JIANWEI9. Globalisation and the transformation of multinational enterprises, JIN ZHANG10. Very large enterprises, focal firms and global value chains, PAUL DEMBINSKI11. China’s cross-border e-commerce: current status, development trend and policy suggestions, LAI YOUWEI12. New drivers of China’s economic growth in its late stage of industrialisation, ZHAO CHANGWEN, XU ZHAOYUAN AND ZHU HONGMINGPart IV Finance13. China’s financial reform: challenges and breakthroughs, ZHANG CHENGHUI14. The internationalisation of China’s financial sector, ZHANG LIPING15. The new politics of central b

Jin Zhang is a Senior Research Fellow of Cambridge China Development Trust, University Lecturer in International Business at the Judge Business School, University of Cambridge and Deputy Director of the Cambridge China Executive Leadership Programme.Zhang Laiming is Vice President (Vice Minister) of the Development Research Centre of the State Council of the People’s Republic of China.