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1

Zhang, Ping, Xiahui Liu, Fuhua Yuan, and Ziran Zhang, eds. Annual Report on China’s Economic Growth. Berlin, Heidelberg: Springer Berlin Heidelberg, 2016. http://dx.doi.org/10.1007/978-3-662-49050-1.

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Zhang, Qizi, ed. Transforming Economic Growth and China’s Industrial Upgrading. Singapore: Springer Singapore, 2018. http://dx.doi.org/10.1007/978-981-13-0962-5.

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Zhang, Wei-Bin. The Butterfly Effect in China’s Economic Growth. Singapore: Springer Singapore, 2021. http://dx.doi.org/10.1007/978-981-15-9889-0.

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4

Lo, Chi. Understanding China's Growth. London: Palgrave Macmillan UK, 2007. http://dx.doi.org/10.1057/9780230591202.

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5

Cannon, Terry, ed. China's Economic Growth. London: Palgrave Macmillan UK, 2000. http://dx.doi.org/10.1057/9780333977392.

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6

Prasad, Eswar. Modernizing China's growth paradigm. [Washington, D.C.]: International Monetary Fund, Research Dept., 2006.

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7

Sai, Ding, ed. China's remarkable economic growth. Oxford: Oxford University Press, 2012.

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8

Aziz, Jahangir. China's provincial growth dynamics. [Washington, D.C.]: International Monetary Fund, Asia and Pacific Department, 2001.

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9

Knight, John B. China's remarkable economic growth. Oxford: Oxford University Press, 2012.

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10

Prasad, Eswar. Modernizing China's growth paradigm. [Washington, D.C.]: International Monetary Fund, 2006.

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11

Prasad, Eswar. Modernizing China's growth paradigm. Bonn, Germany: IZA, 2006.

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12

Bottelier, Pieter. Can China's growth trajectory be sustained? New York: The Conference Board, Inc., 2007.

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13

L, Freund Caroline, ed. The anatomy of China's export growth. Washington, D.C.]: The World Bank, 2008.

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14

H, Palanca Ellen, Philippine APEC Study Center Network., and Philippine Institute for Development Studies., eds. China's economic growth and the ASEAN. Makati City, Philippines: Philippine APEC Study Center Network, 2001.

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15

Fan, Shenggen. Regional productivity growth in China's agriculture. Boulder, Colo: Westview Press, 1990.

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16

Song, Ligang. Dilemmas of China's Growth in the 21st Century. Canberra: ANU Press, 2012.

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17

Huang, Yukon. China’s Unbalanced Growth. Oxford University Press, 2017. http://dx.doi.org/10.1093/oso/9780190630034.003.0004.

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Most observers have criticized China’s growth model as internally unbalanced, defined by its exceptionally low share of consumption to GDP and commensurately high share of investment in GDP, and externally unbalanced in generating huge trade surpluses mirrored by large trade deficits in the United States and Europe. Many theories have been advanced to explain China’s “twin” imbalances. They focus on distorted prices and excessive savings, but none have highlighted the critical role of urbanization and labor migration. China’s internal imbalances can be seen as the byproduct of a generally successful urbanization-cum-industrialization process rather than a risk. If the diagnosis is wrong, then the resulting policy prescriptions also warrant questioning. With appropriate structural reforms to increase productivity and a more efficient urbanization process, rebalancing will eventually occur without the need to artificially prop up personal consumption.
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18

Fang, Cai. China’s Economic Growth Prospects. Edward Elgar Publishing, 2016. http://dx.doi.org/10.4337/9781781005859.

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19

Huang, Yukon. Origins of China’s Growth Model. Oxford University Press, 2017. http://dx.doi.org/10.1093/oso/9780190630034.003.0003.

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Deng Xiaoping’s most celebrated achievement was to reshape economic incentives and concentrate development along China’s coast. In doing so, he set the stage for what is referred to as China’s unbalanced growth process. Premier Zhu Rongji kept the growth momentum going by overhauling key financial and economic institutions in response to the Asian Financial Crisis. These reforms led to unprecedented double-digit GDP growth over the three decades prior to 2010. Both Deng Xiaoping and Zhu Rongji were “policy entrepreneurs.” Through their ideas and actions, they were able to overcome vested interests, all while taking risks and launching new reform initiatives. Progress on the reform agenda slowed in the years leading up to the Global Financial Crisis as the subsequent leadership was lulled into a false sense of confidence because of China’s strong economic performance.
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20

Rosińska‑Bukowska, Magdalena, Klaudia Zielińska-Lont, Joanna Bogołębska, and Karolina Anielak. China’s economic growth – selected financial aspects. Wydawnictwo Uniwersytetu Łódzkiego, 2020. http://dx.doi.org/10.18778/8220-096-6.

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21

Rambures, Dominique De, and Felipe Escobar Duenas. China’s Financial System: Growth and Inefficiency. Palgrave Macmillan, 2018.

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22

Zhang, Qizi. Transforming Economic Growth and China’s Industrial Upgrading. Springer, 2018.

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23

Bai, Chong-en, and Qiong Zhang. A Research on China’s Economic Growth Potential. Routledge, 2017. http://dx.doi.org/10.4324/9781315112343.

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24

Cai, Fang, and Fuyu Chen. China’s Economic New Normal: Growth, Structure, and Momentum. Springer, 2020.

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25

Song, Ligang. Deepening Reform for China’s Long-term Growth and Development. ANU Press, 2014.

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26

Zhang, Ping, Fuhua Yuan, Xiahui Liu, and Ziran Zhang. Annual Report on China’s Economic Growth: Macroeconomic Trends and Outlook. Springer, 2018.

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27

Chen, Shaohua, and Yan Wang. China’s Growth and Poverty Reduction: Trends between 1990 and 1999. The World Bank, 1999. http://dx.doi.org/10.1596/1813-9450-2651.

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28

Annual Report on China’s Economic Growth: Macroeconomic Trends and Outlook. Springer, 2016.

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29

Huang, Yukon. China’s Debt Dilemma. Oxford University Press, 2017. http://dx.doi.org/10.1093/oso/9780190630034.003.0005.

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China’s surging debt levels and an overheated property market have led many to believe that the country is headed for an economic collapse. Yet the argument that China is facing a financial crisis is overstated. China’s debt problem is largely confined to the state sector; its property market is not about to implode; and there is little evidence of widespread insolvency. The risks of shadow banking are also not as serious as many have argued. While the government has the discretionary resources to manage the situation, a set of SOEs does face serious financial problems and the country’s financing modalities are creating risks. Most observers see the banking system as the source of these problems, but the solution begins with reforming China’s fiscal system and restructuring management of SOEs. Addressing these issues would lead to a more financially sustainable growth path over the coming decade.
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30

Wang, Yan, and Yudong Yao. Sources of China’s Economic Growth, 1952–99: Incorporating Human Capital Accumulation. The World Bank, 1999. http://dx.doi.org/10.1596/1813-9450-2650.

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31

China’s Economic Growth: The Impact on Regions, Migration and the Environment. Palgrave Macmillan, 2000.

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32

Joshi, Mahesh K., and J. R. Klein. China’s Re-emergence as a Global Power. Oxford University Press, 2018. http://dx.doi.org/10.1093/oso/9780198827481.003.0009.

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Over the past five decades China’s unprecedented rise is one of the rare economic success stories of a country opening up its economy to world markets. China initiated market reforms in 1978 with a major shift to a market-based economy from a centrally planned economy. The move resulted in an unprecedented economic growth and social impact. The gross domestic product (GDP) growth has averaged close to double digits for most of the time since then, and created a major economy at the fastest pace in history. It has made a major contribution to global growth since the financial crisis of 2008. In 2015, China was ranked number one in terms of GDP and purchasing power parity (PPP) at $19.8 trillion, followed by the United States at $18 trillion.
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33

Su, Fubing, Ran Tao, and Dali L. Yang. Rethinking the Institutional Foundations of China’s Hypergrowth. Edited by Carol Lancaster and Nicolas van de Walle. Oxford University Press, 2017. http://dx.doi.org/10.1093/oxfordhb/9780199845156.013.8.

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This article examines the institutional foundations of the remarkable growth of the Chinese economy, paying particular attention to official incentives, institutional constraints, and local developmentalism. It begins by outlining two approaches that explain the role of local officials as agents of economic growth: the fiscal incentives approach, which views local officials as revenue maximizers; and the fiscal federalism approach, which views officials as promotion maximizers. It then discusses the tournament thesis based on Chinese policy and empirical data before proposing a three-pronged framework that analyzes China’s political economy and explains why the country’s revenue-maximizing local officials have pursued a particular form of developmentalism since the early 1990s. This framework takes into account a number of phenomena in China’s economic development and transition, including massive industrialization and urbanization, local protectionism, the privatization of state-owned enterprises, and the rise of TVEs (township and village enterprises).
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34

Łasak, Piotr, and René W.H. van der Linden. The Financial Implications of China’s Belt and Road Initiative: A Route to More Sustainable Economic Growth. Palgrave Pivot, 2019.

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35

Luo, Jing. Business and Technology in China. ABC-CLIO, LLC, 2010. http://dx.doi.org/10.5040/9798400622458.

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Get an insightful, expert look at the inner workings of China’s business world, highlighting the country’s attempts to develop the scientific and technological base for a greener economic model. Business and Technology in China offers a perceptive look at China’s economic wonder and the science/business partnership that is pointing the way to its future. In a series of narrative chapters, the book marks China’s astonishing transformation into a global manufacturing powerhouse, with specific coverage of the devastating human and environmental impact of that growth, the effects of the 2008 global financial crisis, and China’s new Initiatives for creating a more sustainable economic model. Business and Technology in China shows why China’s renewed focus on scientific and technological innovation as an economic driver is so important. Drawing on extensive research, author Jing Luo makes the case that China’s new model can still produce significant growth, even as it sets the stage for improved living standards and smarter environmental stewardship.
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36

Pei, Minxin. The Rise and Fall of the China Model. Oxford University Press, 2017. http://dx.doi.org/10.1093/oso/9780190675387.003.0009.

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A critical variable determining the future relationship between China and the United States is the change in the relative balance of power, which depends on the sustainability of China’s economic growth. While China has produced three decades of double-digit growth, this paper argues that China’s rise has peaked. The factors that have contributed to China’s rapid growth, such as efficiency gains produced by market-oriented reforms, practically unlimited access to global markets, and the demographic dividend, are either disappearing or dissipating. Simultaneously, obstacles to future growth, such as systemic corruption, environmental degradation, and demographic ageing, are becoming more salient. Economic slowdown will threaten the survival strategy of the ruling Chinese Communist Party (CCP). Since the 1989 Tiananmen crackdown, the CCP has followed a sophisticated strategy to maintain power. An economic slowdown will likely cause an unravelling of this strategy, which depends on revenues generated by growth for its sustainability.
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37

Denoon, David B. H., ed. China's Grand Strategy. NYU Press, 2021. http://dx.doi.org/10.18574/nyu/9781479804085.001.0001.

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China’s dramatic rise on the world stage was evident by the final decade of the twentieth century. In the period from 1979 to 2008, China played a low-key role, emphasizing economic growth and cooperative relations with other countries. Since the global recession of 2008–09, however, China has been more aggressive in both its economic and foreign policy. The goal of this volume is to assess China’s intentions and to evaluate what the Chinese leadership hopes to achieve by actions such as occupying the atolls in the South China Sea and implementing its massive aid program, the Belt and Road Initiative. The volume includes authors with varying perspectives on China’s intentions, allowing the reader to compare competing viewpoints on China’s plans.
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38

Fu, Xiaolan, Bruce McKern, and Jin Chen, eds. The Oxford Handbook of China Innovation. Oxford University Press, 2021. http://dx.doi.org/10.1093/oxfordhb/9780190900533.001.0001.

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The Oxford Handbook of China Innovation provides a contemporary and authoritative view of the role of innovation in China’s extraordinary emergence. The Handbook consists of chapters written by over sixty experts from universities and research institutions worldwide, who describe and analyze this phenomenon with criticism, discussion of policy issues, and views about further development. It focuses on the microeconomic factors in China’s growth, of which the critical force has been the steady drive for innovation. It identifies the many factors instrumental in the development of innovation and evaluates those that are specific to China’s context, and those applicable to other nations. The scope of topics is comprehensive, covering China's development policies, the place of innovation in national priorities, the components of the national innovation system, and the resources required for their effective deployment. These include the institutions and policies that provide incentives and support to technological development, including people, financial mechanisms, private ownership, rule of law, and culture. The issue of foreign influence is also addressed, including the evolution of policy toward inward foreign direct investment and knowledge transfer and China’s goals for outward foreign direct investment. The chapters include discussion of the capabilities and strategies of world-class Chinese innovators, together with emerging issues such as environmental remediation, green energy, digital innovation, open innovation, mass innovation, and China’s future science and technology policy. As China emerges as a contender for global leadership in many fields, this Handbook provides a foundation for informed conjecture regarding the challenges ahead.
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39

Kroeber, Arthur R. China's Economy. Oxford University Press, 2020. http://dx.doi.org/10.1093/wentk/9780190946470.001.0001.

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China’s economic growth has been revolutionary, and is the foundation of its increasingly prominent role in world affairs. It is the world’s second biggest economy, the largest manufacturing and trading nation, the consumer of half the world’s steel and coal, the biggest source of international tourists, and one of the most influential investors in developing countries from southeast Asia to Africa to Latin America. Multinational companies make billions of dollars in profits in China each year, while traders around the world shudder at every gyration of the country’s unruly stock markets. Perhaps paradoxically, its capitalist economy is governed by an authoritarian Communist Party that shows no sign of loosening its grip. China is frequently in the news, whether because of trade disputes, the challenges of its Belt and Road initiative for global infrastructure, or its increasing military strength. China’s political and technological challenges, created by a country whose political system and values differ dramatically from most of the other major world economies, creates uncertainty and even fear. China’s Economy: What Everyone Needs to Know is a concise introduction to the most astonishing economic and political story of the last three decades. Arthur Kroeber enhances our understanding of China’s changes and their implications. Among the essential questions he answers are: How did China grow so fast for so long? Can it keep growing and still solve its problems of environmental damage, fast-rising debt and rampant corruption? How long can its vibrant economy co-exist with the repressive one-party state? How do China’s changes affect the rest of the world? This thoroughly revised and updated second edition includes a comprehensive discussion of the origins and development of the US-China strategic rivalry, including Trump’s trade war and the race for technological supremacy. It also explores the recent changes in China’s political system, reflecting Xi Jinping’s emergence as the most powerful leader since Mao Zedong. It includes insights on changes in China’s financial sector, covering the rise and fall of the shadow banking sector, and China’s increasing integration with global financial markets. And it covers China’s rapid technological development and the rise of its global Internet champions such as Alibaba and Tencent.
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40

Jenkins, Rhys. How China is Reshaping the Global Economy. 2nd ed. Oxford University PressOxford, 2022. http://dx.doi.org/10.1093/oso/9780192866356.001.0001.

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Abstract The growth of China and its re-emergence as a major economic power has been a key feature of globalization in the twenty-first century. China has become an increasingly significant actor in the global economy and this is likely to continue in the foreseeable future. The implications of this for Sub-Saharan Africa (SSA) and Latin America and the Caribbean (LAC) have been a source of major debate. This book examines the arguments, drawing on a growing body of research on China’s economic involvement in SSA and LAC. It begins by considering the process of economic reform in China from the late 1970s that provided the basis for China’s growing integration with the global economy. It considers four aspects of this integration: the growth of China as a global manufacturing centre; its impact on global commodity markets; the overseas expansion of Chinese firms as part of the ‘Go Global’ policy; and the increased role of China in global capital flows. Discussion of China’s impact on SSA and LAC is characterized by disagreements over both the extent of its presence and the underlying drivers. The book documents the different forms of Chinese economic involvement and clarifies some of the confusions that have arisen over the extent of China’s presence. It then analyses the economic, social, political, and environmental impacts of China on both regions to show a much more varied picture than the one that is often presented. These impacts depend to a significant extent on local conditions and actors and cannot be explained solely as a consequence of Chinese expansion.
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41

Ruizhuang, Zhang. Despite the “New Assertiveness,” China Is Not Up for Challenging the Global Order. Oxford University Press, 2017. http://dx.doi.org/10.1093/oso/9780190675387.003.0012.

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History shows that the rise and fall of great powers are conducive to conflict and war, while realist international theories try to prove there is an irresistible logic to this historical lesson. If China has indeed risen to a full-fledged great power, the rest of the world does have reason to worry about its intentions and strategy toward the current global order. But does that premise hold up? Despite China’s phenomenal economic growth and the widespread “second place” bubble, China’s economy is not as strong as it appears. The chapter argues that China still has a long way to go to catch up to the current superpower, the United States, but its growth is more unsustainable than analysts tend to assume. China has neither the capability nor the intention to destabilize the current world order, and this defines China as not a revisionist but rather as a status quo state.
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42

Breslin, Shaun. China Risen? Policy Press, 2021. http://dx.doi.org/10.1332/policypress/9781529215809.001.0001.

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This book is framed around two very simple and interrelated questions; what is global power and in what ways does China have it? By focussing on political economy and ideational dimensions of global power, it shows how Xi Jinping, whilst building on what came before, has developed a set of strategic strands designed to bring about (global) change. This does not mean that all Chinese international interactions are a direct result of a clearly coordinated and controlled state project; grand strategy and state interest and intent can be (and indeed, often is) assumed when in reality Chinese overseas actors are utilising their ‘bounded autonomy’ to attain other objectives. The changing nature of China’s global economic role – not least the growth of outward investment – might have been enough it itself to shine a new light on the nature of China’s rise. So too might the way that China’s leaders have articulated their global governance reform agenda and used an ‘occidentalism’ to establish China’s leadership credentials. Or the nature of attempts to influence (or even control) the way that China’s rise is discussed and debated across the world. It’s perhaps not surprising, then, that while a risen China might have gained followership from some, concern about the consequences of China’s rise has increased quite significantly in places where it was previously viewed with less apprehension.
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43

Meyer, David R. Hong Kong, Shanghai, and Beijing. Oxford University Press, 2018. http://dx.doi.org/10.1093/oso/9780198817314.003.0007.

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China’s extraordinary economic growth over recent decades underpins the top global rank of its financial centres of Hong Kong, Shanghai, and Beijing. Hong Kong is China’s window to global capital, an Asia-Pacific leader, and one of the top three global financial centres, along with London and New York. Shanghai is the commercial-financial centre, and Beijing is the political-regulatory centre of China. Government policy supports stock- and bond-connect programmes among its exchanges, Fintech, internationalization of the renminbi, and its ‘Belt and Road’ initiative and associated Asian Infrastructure Investment Bank (AIIB). These directly and indirectly strengthen China’s internal financial centre networks and the centres’ global links. The government’s political and economic policies maintain Hong Kong as a premier global centre. China controls its banks, and its strength as a large economy will help mitigate the impacts of a global financial crisis.
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44

Huang, Yukon. Emerging Economic, Social, and Political Tensions. Oxford University Press, 2017. http://dx.doi.org/10.1093/oso/9780190630034.003.0006.

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This chapter discusses how China’s economic transformation, supported by its decentralized system of governance, has affected social outcomes and prospects for political liberalization. China’s development path differs from the usual norms. Its impressive growth has been facilitated by a unique decentralized administrative system that has incentivized officials to promote growth and maintain political stability. Rapid growth, however, has not spared China from increasing unrest over widening income disparities, environmental degradation, and social and political tensions, thus raising concerns about the need for systemic reforms in governance. Concerns about economic and political sustainability have intensified recently with corruption being highlighted as threatening the legitimacy of the Communist Party. The new leadership has reiterated a commitment to further economic reforms, but the political system appears to be stuck in a time warp.
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45

Huang, Yukon. Cracking the China Conundrum. Oxford University Press, 2017. http://dx.doi.org/10.1093/oso/9780190630034.001.0001.

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China is an abnormal economic power. No country has grown so rapidly for so long and in such an extreme manner. Media coverage has soared because China’s rise is now challenging the world’s balance of power. Yet one is as likely to read about a possible financial crisis as its emergence as the world’s largest economy. But much of the analysis is flawed, as are many of the policy prescriptions. China’s unbalanced growth, for example, is seen as a risk but in reality is a virtue. Its soaring debt levels are perceived as signaling a financial collapse but can also be interpreted as evidence of financial deepening. Its trade and foreign investment initiatives are blamed for exacerbating America’s economic decline, even though there is little connection between the two. The factors that have influenced broader concerns, such as corruption and political liberalization, are often misunderstood. And Beijing’s foreign policies in Asia need to be deciphered and dealt with differently if there is to be any hope of moderating geopolitical tensions with the United States and its regional allies. Explaining why there is such extreme variation in views and why the conventional wisdom is so often wrong is the theme of this book. Observers see China’s rise through multiple lenses. Geopolitical differences in values and mistrust is part of the explanation, but differing analytical frameworks, along with China’s size and complexity, are the major reasons. Understanding these differences is critical to forging more constructive relations between China and the rest of the world.
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46

Moore, Scott M. China's Next Act. Oxford University PressNew York, 2022. http://dx.doi.org/10.1093/oso/9780197603994.001.0001.

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Abstract If the COVID-19 pandemic taught us anything, it is that the world is bound together by shared challenges—and that at the center of those challenges stands China. Thanks to decades of breakneck growth and development, Chinese officials, businesses, and institutions now play a critical role in every major global issue, from climate change to biotechnology. This book re-envisions China’s role in the world in terms of sustainability and technology. This reframing is essential both because none of these increasingly pressing, shared global challenges can be tackled without China, and because they are reshaping China’s economy and its foreign policy, with major implications for the world at large. At the same time, sustainability and technology issues present opportunities for intensified economic, geopolitical, and ideological competition—a reality that Beijing recognizes. The danger is that China’s next act will drive divergence on the rules and standards the world desperately needs to tackle shared challenges in the decades ahead. In some areas, like clean technology development, competition can be good for the planet. But in others, it could be catastrophic: only cooperation can lower the risks of artificial intelligence and other disruptive new technologies. The challenges posed by climate change, pandemics, and emerging technologies make dealing with China’s state, its firms, and other institutions more complex and more critical than ever before. China’s Next Act helps foreign countries, companies, and other organizations prepare for a future shaped by sustainability, technology—and a dramatic new chapter for China and the world.
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47

Wen, Yun. The Huawei Model. University of Illinois Press, 2020. http://dx.doi.org/10.5622/illinois/9780252043437.001.0001.

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With the rise of China’s information and communications technology (ICT) sector, a number of Chinese high-tech firms are approaching transnational stages and shifting the center of gravity in global ICT markets. In the meantime, China’s digital economy has raised the debate with regard to the nature and direction of its developmental model. This book investigates Huawei Technologies—China’s most competitive high-tech company—as a microcosm of the rise of China’s corporate power and its evolving digital economy. Yun Wen first traces Huawei’s history against the backdrop of China’s ICT development and its outward expansion in global markets. Focusing on Huawei’s research and development strategies, she then delineates Huawei’s path to its cutting-edge technology and innovation leadership. Huawei’s distinct experience in the design of its ownership structure and labor practices is also examined in the book. By examining how Huawei’s growth intertwined with the trajectory of China’s ICT development and how it responded to various forces of corporate China’s globalization, this book sheds light on distinguishing features of the “Huawei model” and the geopolitical economic implications of China’s corporate globalization. It argues that the core of China’s pathbreaking model lies in local alternatives and indigenous agencies that have the ability to insist on a self-reliant, open-minded, and innovation-oriented developmental strategy.
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48

Cannon, Terry. China's Economic Growth. Palgrave Macmillan, 2014.

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49

Wu, Yanrui. China's Economic Growth. Routledge, 2004. http://dx.doi.org/10.4324/9780203634493.

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50

Cannon, Terry. China's Economic Growth. Palgrave Macmillan, 2000.

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