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This authoritative volume offers a comprehensive exploration of China's rapidly evolving economy from a team of leading specialists. Readers will gain crucial insights into productivity dynamics, innovation, shifting demographics, and the country's ever-changing industrial landscape -encompassing firms, real estate, and trade flows. With a keen focus on the RMB, regulatory frameworks, and the pursuit of common prosperity, this book seamlessly blends cutting-edge research, real-world case studies, and forward-thinking analysis. It delivers a balanced examination of challenges and opportunities, fostering an informed discussion on China's critical role in the global marketplace. Ideal for academics, policymakers, business professionals, and curious readers alike, this timely and accessible resource unveils the many facets of the Chinese economy, guiding you through its complexities and highlighting strategic implications for the future.
List of contents
1. The arc of the Chinese economy: an overview Hanming Fang and Marshall Meyer; 2. China's productivity challenge Xiaodong Zhu; 3. Innovation in China: drivers, challenges, and future directions Kevin Zheng Zhou and Meitong Dong; 4. When the abundance ends: economic transformation, population aging, and shrinking lifecycle surplus in China, 2000-2020 Feng Wang, Ke Shen and Yong Cai; 5. Derisking real estate in China's hybrid economy Wei Xiong; 6. State ownership in China: an equity network perspective Jeff Cai, Xian Gu, Linda Zhao and Wu Zhu; 7. China's journey in embracing economic openness: four perspectives Shang-Jin Wei and Xinding Yu; 8. RMB internalization and digitization Bin Wei and Vivian Zhanwei Yue; 9. The political economy of common prosperity Yasheng Huang; 10. The 'summer of 2021' and the trajectory of China's economic system Barry Naughton; 11. China's coming era of slow growth William Overholt.
About the author
Hanming Fang is the Norman C. Grosman Professor of Economics at the University of Pennsylvania. He is a co-founder of VoxChina, a fellow of the Econometric Society, and a research associate at the National Bureau of Economic Research, where he served as the acting director of its Chinese economy working group (2014–2016).Marshall W. Meyer is the Tsai Wan-Tsai Emeritus Professor of Management and Professor of Sociology at the University of Pennsylvania. He is a founding editor of Management and Organization Review focusing on management and organizations in China and their global context and is a member of the Macro Organizational Behavior Society.
