[PDF] China Ahead Of The 13th Five Year Plan eBook
China Ahead Of The 13th Five Year Plan Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of China Ahead Of The 13th Five Year Plan book. This book definitely worth reading, it is an incredibly well-written.
This study examines China’s 13th Five-Year Plan, the most authoritative strategic blueprint for the country’s economic policies under Xi Jinping. The plan seeks to rebalance the economy toward more advanced technologies, greater environmental protection, and a stronger social safety net. However, it does not fundamentally rebalance the relationship between state and market, with the government and Chinese Communist Party still left with significant tools to micromanage most aspects of the economy. Unless greater emphasis is given to shifting this balance, the most likely result will be “growth with volatility,” in which some Chinese companies move up the value-added chain, but without fundamentally improving the country’s overall efficiency and performance.
China's Five-Year Plans are an important component in China's broader industrial policy by outlining the Chinese government's priorities and signaling to central and local officials and industries the areas for future government support. At the National People's Congress last month [March, 2015], Premier Li Keqiang announced that "Made in China 2025" and "Internet Plus" initiatives, which are aimed at increasing market share in other areas where the United States currently has an advantage. As a result of strong government support to build capacity and to drive market demand in the clean energy sector, eight of the world's top-15 wind turbine makers in 2013 and six out of the world's top ten solar photovoltaic manufacturers are Chinese. Furthermore, continued support for heavy industry sectors such as steel has created cascading oversupply--directly impacting the employment and profitability of steel firms here in the United States. China has also made great strides in aerospace and in the auto sector. The five-year plans, and supporting policies, have helped promote their development of international competitiveness in these sectors.
The short essays in this volume, contributed by leading experts on Chinese economic policy, provide crisp and insightful analyses of the Chinese state's approach toward markets, the role of key actors and institutions, the evolving nature of industrial policy and the effectiveness of China’s international commitments to constrain such practices, and a preview of the likely contents and significance of China’s 13th Five-Year Plan.
Xi Jinping's vision for China's development, the 13th Five-Year Plan, is a blueprint that seeks to create a "moderately prosperous society in all respects," based on innovation, open trade, green growth and inclusive growth. Understanding the key priorities of the world's top trading nation, most populous country, largest manufacturer, and second-largest economy, and the opportunities and challenges they create for the United States is critically important for U.S. policymakers and businesses. How will the Chinese government finance its ambitious reform agenda? What is the impact of China's high-tech industrial policies on U.S. automotive, aerospace, and semiconductor industries? What are the opportunities and challenges for U.S. companies to compete fairly in China's expanding consumer and service market? The 13th Five-Year Plan builds upon the 11th and 12th Five-Year Plans to shift China's economy away from large-scale infrastructure and export-led growth toward an economy driven by domestic consumption and higher value-added manufacturing. The Chinese government is hoping to unleash economic growth and create a new consumer base and working class through urbanization. By 2020, the Chinese government hopes to increase the share of its population with urban hukou from 40 to 45 percent.
"By failing to prepare, you are preparing to fail" Benjamin Franklin once said. The current Chinese leadership seems to be well aware of this risk and it is trying to stay ahead of the curve. Chinese policymakers are seeking to engineer a gradual slowdown of the economy and a transition to a more sustainable, inclusive and balanced growth model. In this engineering exercise, the five-year plan plays an important role by (1) spelling out the reforms necessary to carry out the transition and the modalities of their implementation and (2) setting the targets, many of them numerical, which should be achieved. There is however a fundamental question, whose relevance continues to increase as China moves from a command economy to a market-based one: can such a transition be planned? This Economic Brief discusses the issue by looking at how China's economic planning has evolved over time, at the strengths and weaknesses of the recently approved 13th Five-Year Plan (FYP), and the political economy behind it. Its main conclusion is that because of the growing complexity of China's economy and society, engineering such a transition is almost a "mission impossible". Still, economic transitions can be steered and de facto this is what the 13th FYP is trying to do. Whether the 13th FYP will succeed remains to be seen. Significant progress has been made in certain areas and there is no doubt that the economy is in the process of rebalancing, both as regards the demand and supply-side of the economy. While the current FYP heavily emphasises policies in support of innovation, the greening of the economy and social inclusion, it is less clear on how to pursue reforms to address the economy's current macroeconomic and financial imbalances. Another important conclusion we reach is that in the coming years, China's economic planning will have to reinvent itself. Even if it succeeds in steering a smooth transition to a more sustainable growth model, it will have to adapt to the conditions of an increasingly sophisticated, financially complex and service oriented middle-income economy which requires efficient markets as an information processing device. As a result, it will have to get rid of the remaining imperative elements that are still present as a legacy of a command-driven model of development.
To explore what extended competition between the United States and China might entail out to 2050, the authors of this report identified and characterized China’s grand strategy, analyzed its component national strategies (diplomacy, economics, science and technology, and military affairs), and assessed how successful China might be at implementing these over the next three decades.
Author : Gang Lin Publisher : Taylor & Francis Page : 267 pages File Size : 13,78 MB Release : 2020-09-23 Category : Business & Economics ISBN : 1351611127
"Five-Year Plans" have been a cornerstone of Chinese social and economic development initiatives since 1953. During the thirteenth of these periods between 2016 and 2020, the global economy has experienced instability after the financial crisis, as well as political and economic reconfiguration. Drawing on modern economic theory, this book comprehensively discusses China's economic development in this crucial phase. The book analyzes the international economic environment, and asks how China’s continued reform and opening-up can fit with the new era of economic globalization. It also presents the difficulties China faces in such fields as urbanization, the coordination of regional development and urban-rural integration, economic reform, and the reform of factor markets and state-owned enterprises. The book outlines many medium-term development rules along with key characteristics of China's economy, helping international readers fully understand likely future trajectories for the Chinese economy.
This open access book explores one of the most fiercely debated issues in China: if and how China will surpass the middle income trap that has plagued many developing countries for years. This book gives readers a clear picture of China today and acts as a reference for other developing countries. China is facing many setbacks and experiencing an economic slowdown in recent years due to some serious issues, and income inequality is one such issue deferring China’s development potential by creating a middle income trap. This book thoroughly investigates both the unpromising factors and favorable conditions for China to overcome the trap. It illustrates that traps may be encountered at any stage of development and argues that political stability is the prerequisite to creating a favorable environment for economic development and addressing this “middle income trap”. Written by one of China's central planners, this book offers precious insights into the industrial policies that are transforming China and the world and will be of interest to China scholars, economists and political scientists.
This book by influential policymaker Chi Fulin lays out in issue-oriented and detailed chapters, at a time when China is at a crossroads, exactly how the government plans to deal with the social, political and economic issues the world's second-largest economy faces. From managing the decline of industry, to urbanization, to managing consumption, to social security and education, Chi offers a roadmap for the years ahead. This book will be particularly fascinating to Western scholars of China who speculate on the inner workings of the Chinese policymaking elite, with the ambition of China's central planners here laid out for the world to see.
This book reviews the basic process of China’s fourteen five-year plans with systematic theoretical overview and rich historical data and moves on to discuss the theoretical logic of plan-based state governance. The authors hold that the five-year planning system with Chinese characteristics is a flexible planning system; through adaptive macro-planning and incentive target governance, it mobilizes government, market and social forces to work together to fulfill national objectives and is a representative mechanism of the state governance system and a symbol of modernized state governance capacity. From an academic point of view, it theoretically answers questions about what, why and how concerning the five-year plans. From an interdisciplinary perspective, it explores the theoretical logic and experience of plan-based governance by combining Marxism, western theories, and the science of history. Also, it tries to represent historical facts based on a vast literature about the history of CPC and PRC, reviews historical details of the previous thirteen five-year plans, and describes the great journey of the plan preparation and implementation under the CPC leadership. This book has been published in Simplified Chinese (Peking University Press) and Traditional Chinese (Hong Kong Open Page Press). It has won the 2021 Annual Books of China Economics Education and Research Network, the first prize of excellent Works of the First Young Marxism Prize, 100 "Red Classic Reading" recommended reading books of Jiangsu National Reading Activity Leading Group celebrating the Centennial of the Founding of the Party, and Jintai Good Books of People's Daily Library.