China'S Role In The World Economy

Description: The growth of the Chinese economy and its impact on the global economy in contemporary times is without historical precedent. This volume, with contributions from the most distinguished analysts of developments in the Chinese economy today, presents an exceptional and authoritative analysis of China's growth strategies, development model and structural reform in historical and international context. It examines the implications of China's transition from a 'small' economy to a 'big' economy and international externalities from China's growth and what impact has had on the global system, including the WTO. It looks at regional and income inequalities in China; the weaknesses in the social saftety net; incomplete factor market reform; finacial market reform; capital account liberalisation and other big issues that confront Chinese economic policymakers in the years ahead. The volume also reviews China's role in global and regional governance.

Contents: 1. Introduction Yiping Huang and Miaojie Yu 2. China's Rapid Growth and Development: Historical and International Context Ligang Song 3. The Double Transition and China's Export-Led Growth Yao Yang 4. Understanding the Changing Trends in the Chinese Wages Fang Cai and Meiyan Wang 5. Climate Change Mitigation: A Defining Challenge for China Stephen Howes 6. Financial Reform in China: Progress and Challenges Yiping Huang, Xun Wang, Bijun Wang and Nian Lin 7. Capital Account Liberalization and the Role of the RMB Nicholas Lardy and Patrick Douglass 8. Chinese Trade Policy after Ten Years in the WTO: A Post-Crisis Stocktake Razeen Sally 9. Issues and Options for Social Security Reform in China Li Shi 10. Chinese Outward Direct Investment: Is there a China Model? Yiping Huang and Bijun Wang 11. History Matters: China and Global Governance Wendy Dobson 12. China's Role in Global and Regional Architecture David Dollar, Gordon De Brouwer and Zhang Yunling

Author Biography: Yao Yang, China Center of Economic Research, Peking University Yiping Huang, China Center of Economic Research, Peking University Miaojie Yu, China Center of Economic Research, Peking University