China's Economic New Normal: Growth, Structure, and Momentum
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Singapore
Springer Singapore Pte. Limited
2020
|
| Schriftenreihe: | Research Series on the Chinese Dream and China's Development Path Ser
|
| Schlagworte: | |
| Beschreibung: | Description based on publisher supplied metadata and other sources |
| Beschreibung: | 1 Online-Ressource (168 pages) |
| ISBN: | 9789811532276 |
Internformat
MARC
| LEADER | 00000nmm a2200000zc 4500 | ||
|---|---|---|---|
| 001 | BV048222536 | ||
| 003 | DE-604 | ||
| 005 | 00000000000000.0 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 220516s2020 |||| o||u| ||||||eng d | ||
| 020 | |a 9789811532276 |9 978-981-1532-27-6 | ||
| 035 | |a (ZDB-30-PQE)EBC6132461 | ||
| 035 | |a (ZDB-30-PAD)EBC6132461 | ||
| 035 | |a (ZDB-89-EBL)EBL6132461 | ||
| 035 | |a (OCoLC)1226301355 | ||
| 035 | |a (DE-599)BVBBV048222536 | ||
| 040 | |a DE-604 |b ger |e rda | ||
| 041 | 0 | |a eng | |
| 082 | 0 | |a 330.95100000000002 | |
| 100 | 1 | |a Cai, Fang |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a China's Economic New Normal |b Growth, Structure, and Momentum |
| 264 | 1 | |a Singapore |b Springer Singapore Pte. Limited |c 2020 | |
| 264 | 4 | |c ©2020 | |
| 300 | |a 1 Online-Ressource (168 pages) | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 490 | 0 | |a Research Series on the Chinese Dream and China's Development Path Ser | |
| 500 | |a Description based on publisher supplied metadata and other sources | ||
| 505 | 8 | |a Intro -- Foreword -- Series Preface -- Contents -- 1 New Normal Brings New Opportunities -- 1 What Are the Causes of China's Economic Slowdown? -- 2 Further Demand Stimulation Is a Recipe for Disaster -- 3 Reform Toward a New Environment for Creative Destruction -- 2 Understanding and Adapting to the New Normal -- 1 Introduction -- 2 Causes of the Shift Toward the New Normal -- 2.1 China's New Normal Is a Result of the Decreasing Efficiency of Resource Allocation -- 3 The Inevitability of the New Normal -- 1 Where Is the Point of Equilibrium for Medium-to-High Growth? -- 2 When Will We Reach the Equilibrium Point? -- 3 Nonnegligible Peak Demand -- 4 Questions to Be Answered -- 5 Reforms and an Increase in the Potential Growth Rate -- 4 Global Economic Outlook in the Era of China's New Normal -- 5 Global Competition in Reform Under the New Normal -- 1 The New Normal of Developed Economies: Long-term Stagnation -- 2 Global Competition in Reform -- 2.1 New Connotations in the Period of Strategic Opportunity for China's Development Under the New Normal -- 2.2 Global Reform Competition -- 6 Structural Adjustments Under the New Normal -- 1 The New Normal: A Result of Natural Selection Featuring Lower Growth and Higher Risks -- 1.1 China: A Declining Growth Rate -- 1.2 Decline in the Potential Growth Rate and the Contribution of Total Factor Productivity -- 1.3 China: A Positive Credit-to-GDP Gap Versus a Negative Output Gap -- 1.4 A Downward Trend in External Demand After the Financial Crisis -- 1.5 China: Credit's Weakening Role in Driving GDP Growth and the Decline in Investment Growth -- 1.6 China: Credit Expansion and Deviation from Equilibrium -- 1.7 China: Increases in Credit Risk, Macroeconomic Risk, and Market Liquidity Risk -- 1.8 Uncertainty About the Timing and Degree of US and Japanese Rate Hikes | |
| 505 | 8 | |a 1.9 Reversion of Arbitrage Trading Returns and the Rising Pressure of Domestic Currency Depreciation -- 1.10 China: Risks of Shrinking Real Estate Investment and Further Decline of the Economic Growth Rate -- 2 Ways Out: Enormous Room for Structural Adjustments Toward Sustainable Growth -- 2.1 Room for the Expansion of China's Consumption -- 2.2 Room for the Expansion of China's Services -- 2.3 Room for Improvement in China's Trade Integration -- 2.4 Room for the Expansion of China's Financial Market -- 2.5 Room for the Restructuring of China's Financial Market -- 2.6 Room for an Increase in China's Household Debt -- 2.7 Room for the Equity Expansion of China's Non-financial Enterprises -- 3 Conclusions -- 7 China's New Normal and Deceleration Governance -- 1 The New Normal of the Chinese Economy -- 1.1 Characteristics of China's New Normal -- 1.2 The New Normal as Transition to Efficient Equilibrium -- 2 The Impacts and Superimposed Effects of Deceleration -- 2.1 Impact 1: Inverted U-Shaped Capital Growth -- 2.2 Impact 2: Inverted U-Shaped Workforce Growth -- 2.3 Impact 3: Decrease in the Learning-by-Doing Effect -- 2.4 Other Factors Superimposed on Deceleration -- 3 The Decline in Total Factor Productivity and Resource Allocation Efficiency -- 3.1 Capital Mismatch and TFP Decline -- 3.2 Estimates of China's TFP Growth -- 3.3 Institutional Explanations for Low Efficiency and the Governance of Growth Deceleration -- 4 Conclusions -- 4.1 Deceleration Governance -- 4.2 Structural Adjustment of Capital Stocks -- Reference -- 8 Aspects of the Middle Income Trap -- 1 The Inevitable Deceleration of Growth -- 2 The Paradox of the Middle Income Trap -- 3 Defining the Middle Income Trap -- 4 The Probability of Falling into the Middle Income Trap -- 5 Conclusions -- References -- 9 Positive Changes in China's Economic Structure | |
| 505 | 8 | |a 10 Productivity Under the New Normal: Latest Estimates and Interpretations of China's Total Factor Productivity -- 1 Introduction: Economic Deceleration and Productivity Under Structural Adjustment -- 2 Total Factor Productivity as an Institutional Issue -- 3 Cross-Subsidization in the Chinese Economy: An Exploratory Conceptual Framework -- 4 Research Objectives -- 5 Basic Statistics, Groupings, and Staging -- 6 Growth Accounting Methods -- 7 The Principle of Theoretical, Methodological, and Statistical Consistency -- 8 Estimates of Industrial/Sectoral Total Factor Productivity -- 9 APPF Estimates of Total Factor Productivity -- 10 Domar-Weighted Decomposition of China's TFP into Sectoral and Factor-Reallocation Effects -- 11 Conclusions -- References -- 11 New Trends and Determinants of China's Income Gap -- References -- 12 Changes in China's Labor Share: Estimation and Interpretation -- 1 The Labor Share Dispute -- 2 Changes in China's Labor Share: Estimates and Interpretations -- 3 Conclusion -- 13 Reform the Distribution System to Boost the Growth of Consumption -- 1 Changes in China's Share of Consumption -- 2 Correlation Between the Income Gap and Changes in the Shares of Consumption -- 3 China's Income and Wealth Gaps: A Predictive Point of View -- 4 Suggestions for Adjusting Income Distribution to Boost Consumption -- 14 Income Distribution and Economic Transformation -- 1 An Introduction to the China Household Finance Survey -- 2 The Status Quo of Income Distribution in China -- 3 Uneven Income Distribution: The Fundamental Reason for Sluggish Consumption -- 4 Transfer Payments and Economic Transformation -- 5 Conclusions -- 15 The Potential Growth Rate of the Chinese Economy -- Reference | |
| 650 | 4 | |a China-Economic conditions-2000--Congresses | |
| 700 | 1 | |a Chen, Fuyu |e Sonstige |4 oth | |
| 776 | 0 | 8 | |i Erscheint auch als |n Druck-Ausgabe |a Cai, Fang |t China's Economic New Normal |d Singapore : Springer Singapore Pte. Limited,c2020 |z 9789811532269 |
| 912 | |a ZDB-30-PQE | ||
| 999 | |a oai:aleph.bib-bvb.de:BVB01-033603269 | ||
Datensatz im Suchindex
| _version_ | 1804184004048453632 |
|---|---|
| adam_txt | |
| any_adam_object | |
| any_adam_object_boolean | |
| author | Cai, Fang |
| author_facet | Cai, Fang |
| author_role | aut |
| author_sort | Cai, Fang |
| author_variant | f c fc |
| building | Verbundindex |
| bvnumber | BV048222536 |
| collection | ZDB-30-PQE |
| contents | Intro -- Foreword -- Series Preface -- Contents -- 1 New Normal Brings New Opportunities -- 1 What Are the Causes of China's Economic Slowdown? -- 2 Further Demand Stimulation Is a Recipe for Disaster -- 3 Reform Toward a New Environment for Creative Destruction -- 2 Understanding and Adapting to the New Normal -- 1 Introduction -- 2 Causes of the Shift Toward the New Normal -- 2.1 China's New Normal Is a Result of the Decreasing Efficiency of Resource Allocation -- 3 The Inevitability of the New Normal -- 1 Where Is the Point of Equilibrium for Medium-to-High Growth? -- 2 When Will We Reach the Equilibrium Point? -- 3 Nonnegligible Peak Demand -- 4 Questions to Be Answered -- 5 Reforms and an Increase in the Potential Growth Rate -- 4 Global Economic Outlook in the Era of China's New Normal -- 5 Global Competition in Reform Under the New Normal -- 1 The New Normal of Developed Economies: Long-term Stagnation -- 2 Global Competition in Reform -- 2.1 New Connotations in the Period of Strategic Opportunity for China's Development Under the New Normal -- 2.2 Global Reform Competition -- 6 Structural Adjustments Under the New Normal -- 1 The New Normal: A Result of Natural Selection Featuring Lower Growth and Higher Risks -- 1.1 China: A Declining Growth Rate -- 1.2 Decline in the Potential Growth Rate and the Contribution of Total Factor Productivity -- 1.3 China: A Positive Credit-to-GDP Gap Versus a Negative Output Gap -- 1.4 A Downward Trend in External Demand After the Financial Crisis -- 1.5 China: Credit's Weakening Role in Driving GDP Growth and the Decline in Investment Growth -- 1.6 China: Credit Expansion and Deviation from Equilibrium -- 1.7 China: Increases in Credit Risk, Macroeconomic Risk, and Market Liquidity Risk -- 1.8 Uncertainty About the Timing and Degree of US and Japanese Rate Hikes 1.9 Reversion of Arbitrage Trading Returns and the Rising Pressure of Domestic Currency Depreciation -- 1.10 China: Risks of Shrinking Real Estate Investment and Further Decline of the Economic Growth Rate -- 2 Ways Out: Enormous Room for Structural Adjustments Toward Sustainable Growth -- 2.1 Room for the Expansion of China's Consumption -- 2.2 Room for the Expansion of China's Services -- 2.3 Room for Improvement in China's Trade Integration -- 2.4 Room for the Expansion of China's Financial Market -- 2.5 Room for the Restructuring of China's Financial Market -- 2.6 Room for an Increase in China's Household Debt -- 2.7 Room for the Equity Expansion of China's Non-financial Enterprises -- 3 Conclusions -- 7 China's New Normal and Deceleration Governance -- 1 The New Normal of the Chinese Economy -- 1.1 Characteristics of China's New Normal -- 1.2 The New Normal as Transition to Efficient Equilibrium -- 2 The Impacts and Superimposed Effects of Deceleration -- 2.1 Impact 1: Inverted U-Shaped Capital Growth -- 2.2 Impact 2: Inverted U-Shaped Workforce Growth -- 2.3 Impact 3: Decrease in the Learning-by-Doing Effect -- 2.4 Other Factors Superimposed on Deceleration -- 3 The Decline in Total Factor Productivity and Resource Allocation Efficiency -- 3.1 Capital Mismatch and TFP Decline -- 3.2 Estimates of China's TFP Growth -- 3.3 Institutional Explanations for Low Efficiency and the Governance of Growth Deceleration -- 4 Conclusions -- 4.1 Deceleration Governance -- 4.2 Structural Adjustment of Capital Stocks -- Reference -- 8 Aspects of the Middle Income Trap -- 1 The Inevitable Deceleration of Growth -- 2 The Paradox of the Middle Income Trap -- 3 Defining the Middle Income Trap -- 4 The Probability of Falling into the Middle Income Trap -- 5 Conclusions -- References -- 9 Positive Changes in China's Economic Structure 10 Productivity Under the New Normal: Latest Estimates and Interpretations of China's Total Factor Productivity -- 1 Introduction: Economic Deceleration and Productivity Under Structural Adjustment -- 2 Total Factor Productivity as an Institutional Issue -- 3 Cross-Subsidization in the Chinese Economy: An Exploratory Conceptual Framework -- 4 Research Objectives -- 5 Basic Statistics, Groupings, and Staging -- 6 Growth Accounting Methods -- 7 The Principle of Theoretical, Methodological, and Statistical Consistency -- 8 Estimates of Industrial/Sectoral Total Factor Productivity -- 9 APPF Estimates of Total Factor Productivity -- 10 Domar-Weighted Decomposition of China's TFP into Sectoral and Factor-Reallocation Effects -- 11 Conclusions -- References -- 11 New Trends and Determinants of China's Income Gap -- References -- 12 Changes in China's Labor Share: Estimation and Interpretation -- 1 The Labor Share Dispute -- 2 Changes in China's Labor Share: Estimates and Interpretations -- 3 Conclusion -- 13 Reform the Distribution System to Boost the Growth of Consumption -- 1 Changes in China's Share of Consumption -- 2 Correlation Between the Income Gap and Changes in the Shares of Consumption -- 3 China's Income and Wealth Gaps: A Predictive Point of View -- 4 Suggestions for Adjusting Income Distribution to Boost Consumption -- 14 Income Distribution and Economic Transformation -- 1 An Introduction to the China Household Finance Survey -- 2 The Status Quo of Income Distribution in China -- 3 Uneven Income Distribution: The Fundamental Reason for Sluggish Consumption -- 4 Transfer Payments and Economic Transformation -- 5 Conclusions -- 15 The Potential Growth Rate of the Chinese Economy -- Reference |
| ctrlnum | (ZDB-30-PQE)EBC6132461 (ZDB-30-PAD)EBC6132461 (ZDB-89-EBL)EBL6132461 (OCoLC)1226301355 (DE-599)BVBBV048222536 |
| dewey-full | 330.95100000000002 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 330 - Economics |
| dewey-raw | 330.95100000000002 |
| dewey-search | 330.95100000000002 |
| dewey-sort | 3330.95100000000002 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>06990nmm a2200409zc 4500</leader><controlfield tag="001">BV048222536</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">00000000000000.0</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">220516s2020 |||| o||u| ||||||eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9789811532276</subfield><subfield code="9">978-981-1532-27-6</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-30-PQE)EBC6132461</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-30-PAD)EBC6132461</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-89-EBL)EBL6132461</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1226301355</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV048222536</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="082" ind1="0" ind2=" "><subfield code="a">330.95100000000002</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Cai, Fang</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">China's Economic New Normal</subfield><subfield code="b">Growth, Structure, and Momentum</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Singapore</subfield><subfield code="b">Springer Singapore Pte. Limited</subfield><subfield code="c">2020</subfield></datafield><datafield tag="264" ind1=" " ind2="4"><subfield code="c">©2020</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (168 pages)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">Research Series on the Chinese Dream and China's Development Path Ser</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">Description based on publisher supplied metadata and other sources</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">Intro -- Foreword -- Series Preface -- Contents -- 1 New Normal Brings New Opportunities -- 1 What Are the Causes of China's Economic Slowdown? -- 2 Further Demand Stimulation Is a Recipe for Disaster -- 3 Reform Toward a New Environment for Creative Destruction -- 2 Understanding and Adapting to the New Normal -- 1 Introduction -- 2 Causes of the Shift Toward the New Normal -- 2.1 China's New Normal Is a Result of the Decreasing Efficiency of Resource Allocation -- 3 The Inevitability of the New Normal -- 1 Where Is the Point of Equilibrium for Medium-to-High Growth? -- 2 When Will We Reach the Equilibrium Point? -- 3 Nonnegligible Peak Demand -- 4 Questions to Be Answered -- 5 Reforms and an Increase in the Potential Growth Rate -- 4 Global Economic Outlook in the Era of China's New Normal -- 5 Global Competition in Reform Under the New Normal -- 1 The New Normal of Developed Economies: Long-term Stagnation -- 2 Global Competition in Reform -- 2.1 New Connotations in the Period of Strategic Opportunity for China's Development Under the New Normal -- 2.2 Global Reform Competition -- 6 Structural Adjustments Under the New Normal -- 1 The New Normal: A Result of Natural Selection Featuring Lower Growth and Higher Risks -- 1.1 China: A Declining Growth Rate -- 1.2 Decline in the Potential Growth Rate and the Contribution of Total Factor Productivity -- 1.3 China: A Positive Credit-to-GDP Gap Versus a Negative Output Gap -- 1.4 A Downward Trend in External Demand After the Financial Crisis -- 1.5 China: Credit's Weakening Role in Driving GDP Growth and the Decline in Investment Growth -- 1.6 China: Credit Expansion and Deviation from Equilibrium -- 1.7 China: Increases in Credit Risk, Macroeconomic Risk, and Market Liquidity Risk -- 1.8 Uncertainty About the Timing and Degree of US and Japanese Rate Hikes</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">1.9 Reversion of Arbitrage Trading Returns and the Rising Pressure of Domestic Currency Depreciation -- 1.10 China: Risks of Shrinking Real Estate Investment and Further Decline of the Economic Growth Rate -- 2 Ways Out: Enormous Room for Structural Adjustments Toward Sustainable Growth -- 2.1 Room for the Expansion of China's Consumption -- 2.2 Room for the Expansion of China's Services -- 2.3 Room for Improvement in China's Trade Integration -- 2.4 Room for the Expansion of China's Financial Market -- 2.5 Room for the Restructuring of China's Financial Market -- 2.6 Room for an Increase in China's Household Debt -- 2.7 Room for the Equity Expansion of China's Non-financial Enterprises -- 3 Conclusions -- 7 China's New Normal and Deceleration Governance -- 1 The New Normal of the Chinese Economy -- 1.1 Characteristics of China's New Normal -- 1.2 The New Normal as Transition to Efficient Equilibrium -- 2 The Impacts and Superimposed Effects of Deceleration -- 2.1 Impact 1: Inverted U-Shaped Capital Growth -- 2.2 Impact 2: Inverted U-Shaped Workforce Growth -- 2.3 Impact 3: Decrease in the Learning-by-Doing Effect -- 2.4 Other Factors Superimposed on Deceleration -- 3 The Decline in Total Factor Productivity and Resource Allocation Efficiency -- 3.1 Capital Mismatch and TFP Decline -- 3.2 Estimates of China's TFP Growth -- 3.3 Institutional Explanations for Low Efficiency and the Governance of Growth Deceleration -- 4 Conclusions -- 4.1 Deceleration Governance -- 4.2 Structural Adjustment of Capital Stocks -- Reference -- 8 Aspects of the Middle Income Trap -- 1 The Inevitable Deceleration of Growth -- 2 The Paradox of the Middle Income Trap -- 3 Defining the Middle Income Trap -- 4 The Probability of Falling into the Middle Income Trap -- 5 Conclusions -- References -- 9 Positive Changes in China's Economic Structure</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">10 Productivity Under the New Normal: Latest Estimates and Interpretations of China's Total Factor Productivity -- 1 Introduction: Economic Deceleration and Productivity Under Structural Adjustment -- 2 Total Factor Productivity as an Institutional Issue -- 3 Cross-Subsidization in the Chinese Economy: An Exploratory Conceptual Framework -- 4 Research Objectives -- 5 Basic Statistics, Groupings, and Staging -- 6 Growth Accounting Methods -- 7 The Principle of Theoretical, Methodological, and Statistical Consistency -- 8 Estimates of Industrial/Sectoral Total Factor Productivity -- 9 APPF Estimates of Total Factor Productivity -- 10 Domar-Weighted Decomposition of China's TFP into Sectoral and Factor-Reallocation Effects -- 11 Conclusions -- References -- 11 New Trends and Determinants of China's Income Gap -- References -- 12 Changes in China's Labor Share: Estimation and Interpretation -- 1 The Labor Share Dispute -- 2 Changes in China's Labor Share: Estimates and Interpretations -- 3 Conclusion -- 13 Reform the Distribution System to Boost the Growth of Consumption -- 1 Changes in China's Share of Consumption -- 2 Correlation Between the Income Gap and Changes in the Shares of Consumption -- 3 China's Income and Wealth Gaps: A Predictive Point of View -- 4 Suggestions for Adjusting Income Distribution to Boost Consumption -- 14 Income Distribution and Economic Transformation -- 1 An Introduction to the China Household Finance Survey -- 2 The Status Quo of Income Distribution in China -- 3 Uneven Income Distribution: The Fundamental Reason for Sluggish Consumption -- 4 Transfer Payments and Economic Transformation -- 5 Conclusions -- 15 The Potential Growth Rate of the Chinese Economy -- Reference</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">China-Economic conditions-2000--Congresses</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Chen, Fuyu</subfield><subfield code="e">Sonstige</subfield><subfield code="4">oth</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Erscheint auch als</subfield><subfield code="n">Druck-Ausgabe</subfield><subfield code="a">Cai, Fang</subfield><subfield code="t">China's Economic New Normal</subfield><subfield code="d">Singapore : Springer Singapore Pte. Limited,c2020</subfield><subfield code="z">9789811532269</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-30-PQE</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-033603269</subfield></datafield></record></collection> |
| id | DE-604.BV048222536 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T19:50:37Z |
| indexdate | 2024-07-10T09:32:26Z |
| institution | BVB |
| isbn | 9789811532276 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033603269 |
| oclc_num | 1226301355 |
| open_access_boolean | |
| physical | 1 Online-Ressource (168 pages) |
| psigel | ZDB-30-PQE |
| publishDate | 2020 |
| publishDateSearch | 2020 |
| publishDateSort | 2020 |
| publisher | Springer Singapore Pte. Limited |
| record_format | marc |
| series2 | Research Series on the Chinese Dream and China's Development Path Ser |
| spelling | Cai, Fang Verfasser aut China's Economic New Normal Growth, Structure, and Momentum Singapore Springer Singapore Pte. Limited 2020 ©2020 1 Online-Ressource (168 pages) txt rdacontent c rdamedia cr rdacarrier Research Series on the Chinese Dream and China's Development Path Ser Description based on publisher supplied metadata and other sources Intro -- Foreword -- Series Preface -- Contents -- 1 New Normal Brings New Opportunities -- 1 What Are the Causes of China's Economic Slowdown? -- 2 Further Demand Stimulation Is a Recipe for Disaster -- 3 Reform Toward a New Environment for Creative Destruction -- 2 Understanding and Adapting to the New Normal -- 1 Introduction -- 2 Causes of the Shift Toward the New Normal -- 2.1 China's New Normal Is a Result of the Decreasing Efficiency of Resource Allocation -- 3 The Inevitability of the New Normal -- 1 Where Is the Point of Equilibrium for Medium-to-High Growth? -- 2 When Will We Reach the Equilibrium Point? -- 3 Nonnegligible Peak Demand -- 4 Questions to Be Answered -- 5 Reforms and an Increase in the Potential Growth Rate -- 4 Global Economic Outlook in the Era of China's New Normal -- 5 Global Competition in Reform Under the New Normal -- 1 The New Normal of Developed Economies: Long-term Stagnation -- 2 Global Competition in Reform -- 2.1 New Connotations in the Period of Strategic Opportunity for China's Development Under the New Normal -- 2.2 Global Reform Competition -- 6 Structural Adjustments Under the New Normal -- 1 The New Normal: A Result of Natural Selection Featuring Lower Growth and Higher Risks -- 1.1 China: A Declining Growth Rate -- 1.2 Decline in the Potential Growth Rate and the Contribution of Total Factor Productivity -- 1.3 China: A Positive Credit-to-GDP Gap Versus a Negative Output Gap -- 1.4 A Downward Trend in External Demand After the Financial Crisis -- 1.5 China: Credit's Weakening Role in Driving GDP Growth and the Decline in Investment Growth -- 1.6 China: Credit Expansion and Deviation from Equilibrium -- 1.7 China: Increases in Credit Risk, Macroeconomic Risk, and Market Liquidity Risk -- 1.8 Uncertainty About the Timing and Degree of US and Japanese Rate Hikes 1.9 Reversion of Arbitrage Trading Returns and the Rising Pressure of Domestic Currency Depreciation -- 1.10 China: Risks of Shrinking Real Estate Investment and Further Decline of the Economic Growth Rate -- 2 Ways Out: Enormous Room for Structural Adjustments Toward Sustainable Growth -- 2.1 Room for the Expansion of China's Consumption -- 2.2 Room for the Expansion of China's Services -- 2.3 Room for Improvement in China's Trade Integration -- 2.4 Room for the Expansion of China's Financial Market -- 2.5 Room for the Restructuring of China's Financial Market -- 2.6 Room for an Increase in China's Household Debt -- 2.7 Room for the Equity Expansion of China's Non-financial Enterprises -- 3 Conclusions -- 7 China's New Normal and Deceleration Governance -- 1 The New Normal of the Chinese Economy -- 1.1 Characteristics of China's New Normal -- 1.2 The New Normal as Transition to Efficient Equilibrium -- 2 The Impacts and Superimposed Effects of Deceleration -- 2.1 Impact 1: Inverted U-Shaped Capital Growth -- 2.2 Impact 2: Inverted U-Shaped Workforce Growth -- 2.3 Impact 3: Decrease in the Learning-by-Doing Effect -- 2.4 Other Factors Superimposed on Deceleration -- 3 The Decline in Total Factor Productivity and Resource Allocation Efficiency -- 3.1 Capital Mismatch and TFP Decline -- 3.2 Estimates of China's TFP Growth -- 3.3 Institutional Explanations for Low Efficiency and the Governance of Growth Deceleration -- 4 Conclusions -- 4.1 Deceleration Governance -- 4.2 Structural Adjustment of Capital Stocks -- Reference -- 8 Aspects of the Middle Income Trap -- 1 The Inevitable Deceleration of Growth -- 2 The Paradox of the Middle Income Trap -- 3 Defining the Middle Income Trap -- 4 The Probability of Falling into the Middle Income Trap -- 5 Conclusions -- References -- 9 Positive Changes in China's Economic Structure 10 Productivity Under the New Normal: Latest Estimates and Interpretations of China's Total Factor Productivity -- 1 Introduction: Economic Deceleration and Productivity Under Structural Adjustment -- 2 Total Factor Productivity as an Institutional Issue -- 3 Cross-Subsidization in the Chinese Economy: An Exploratory Conceptual Framework -- 4 Research Objectives -- 5 Basic Statistics, Groupings, and Staging -- 6 Growth Accounting Methods -- 7 The Principle of Theoretical, Methodological, and Statistical Consistency -- 8 Estimates of Industrial/Sectoral Total Factor Productivity -- 9 APPF Estimates of Total Factor Productivity -- 10 Domar-Weighted Decomposition of China's TFP into Sectoral and Factor-Reallocation Effects -- 11 Conclusions -- References -- 11 New Trends and Determinants of China's Income Gap -- References -- 12 Changes in China's Labor Share: Estimation and Interpretation -- 1 The Labor Share Dispute -- 2 Changes in China's Labor Share: Estimates and Interpretations -- 3 Conclusion -- 13 Reform the Distribution System to Boost the Growth of Consumption -- 1 Changes in China's Share of Consumption -- 2 Correlation Between the Income Gap and Changes in the Shares of Consumption -- 3 China's Income and Wealth Gaps: A Predictive Point of View -- 4 Suggestions for Adjusting Income Distribution to Boost Consumption -- 14 Income Distribution and Economic Transformation -- 1 An Introduction to the China Household Finance Survey -- 2 The Status Quo of Income Distribution in China -- 3 Uneven Income Distribution: The Fundamental Reason for Sluggish Consumption -- 4 Transfer Payments and Economic Transformation -- 5 Conclusions -- 15 The Potential Growth Rate of the Chinese Economy -- Reference China-Economic conditions-2000--Congresses Chen, Fuyu Sonstige oth Erscheint auch als Druck-Ausgabe Cai, Fang China's Economic New Normal Singapore : Springer Singapore Pte. Limited,c2020 9789811532269 |
| spellingShingle | Cai, Fang China's Economic New Normal Growth, Structure, and Momentum Intro -- Foreword -- Series Preface -- Contents -- 1 New Normal Brings New Opportunities -- 1 What Are the Causes of China's Economic Slowdown? -- 2 Further Demand Stimulation Is a Recipe for Disaster -- 3 Reform Toward a New Environment for Creative Destruction -- 2 Understanding and Adapting to the New Normal -- 1 Introduction -- 2 Causes of the Shift Toward the New Normal -- 2.1 China's New Normal Is a Result of the Decreasing Efficiency of Resource Allocation -- 3 The Inevitability of the New Normal -- 1 Where Is the Point of Equilibrium for Medium-to-High Growth? -- 2 When Will We Reach the Equilibrium Point? -- 3 Nonnegligible Peak Demand -- 4 Questions to Be Answered -- 5 Reforms and an Increase in the Potential Growth Rate -- 4 Global Economic Outlook in the Era of China's New Normal -- 5 Global Competition in Reform Under the New Normal -- 1 The New Normal of Developed Economies: Long-term Stagnation -- 2 Global Competition in Reform -- 2.1 New Connotations in the Period of Strategic Opportunity for China's Development Under the New Normal -- 2.2 Global Reform Competition -- 6 Structural Adjustments Under the New Normal -- 1 The New Normal: A Result of Natural Selection Featuring Lower Growth and Higher Risks -- 1.1 China: A Declining Growth Rate -- 1.2 Decline in the Potential Growth Rate and the Contribution of Total Factor Productivity -- 1.3 China: A Positive Credit-to-GDP Gap Versus a Negative Output Gap -- 1.4 A Downward Trend in External Demand After the Financial Crisis -- 1.5 China: Credit's Weakening Role in Driving GDP Growth and the Decline in Investment Growth -- 1.6 China: Credit Expansion and Deviation from Equilibrium -- 1.7 China: Increases in Credit Risk, Macroeconomic Risk, and Market Liquidity Risk -- 1.8 Uncertainty About the Timing and Degree of US and Japanese Rate Hikes 1.9 Reversion of Arbitrage Trading Returns and the Rising Pressure of Domestic Currency Depreciation -- 1.10 China: Risks of Shrinking Real Estate Investment and Further Decline of the Economic Growth Rate -- 2 Ways Out: Enormous Room for Structural Adjustments Toward Sustainable Growth -- 2.1 Room for the Expansion of China's Consumption -- 2.2 Room for the Expansion of China's Services -- 2.3 Room for Improvement in China's Trade Integration -- 2.4 Room for the Expansion of China's Financial Market -- 2.5 Room for the Restructuring of China's Financial Market -- 2.6 Room for an Increase in China's Household Debt -- 2.7 Room for the Equity Expansion of China's Non-financial Enterprises -- 3 Conclusions -- 7 China's New Normal and Deceleration Governance -- 1 The New Normal of the Chinese Economy -- 1.1 Characteristics of China's New Normal -- 1.2 The New Normal as Transition to Efficient Equilibrium -- 2 The Impacts and Superimposed Effects of Deceleration -- 2.1 Impact 1: Inverted U-Shaped Capital Growth -- 2.2 Impact 2: Inverted U-Shaped Workforce Growth -- 2.3 Impact 3: Decrease in the Learning-by-Doing Effect -- 2.4 Other Factors Superimposed on Deceleration -- 3 The Decline in Total Factor Productivity and Resource Allocation Efficiency -- 3.1 Capital Mismatch and TFP Decline -- 3.2 Estimates of China's TFP Growth -- 3.3 Institutional Explanations for Low Efficiency and the Governance of Growth Deceleration -- 4 Conclusions -- 4.1 Deceleration Governance -- 4.2 Structural Adjustment of Capital Stocks -- Reference -- 8 Aspects of the Middle Income Trap -- 1 The Inevitable Deceleration of Growth -- 2 The Paradox of the Middle Income Trap -- 3 Defining the Middle Income Trap -- 4 The Probability of Falling into the Middle Income Trap -- 5 Conclusions -- References -- 9 Positive Changes in China's Economic Structure 10 Productivity Under the New Normal: Latest Estimates and Interpretations of China's Total Factor Productivity -- 1 Introduction: Economic Deceleration and Productivity Under Structural Adjustment -- 2 Total Factor Productivity as an Institutional Issue -- 3 Cross-Subsidization in the Chinese Economy: An Exploratory Conceptual Framework -- 4 Research Objectives -- 5 Basic Statistics, Groupings, and Staging -- 6 Growth Accounting Methods -- 7 The Principle of Theoretical, Methodological, and Statistical Consistency -- 8 Estimates of Industrial/Sectoral Total Factor Productivity -- 9 APPF Estimates of Total Factor Productivity -- 10 Domar-Weighted Decomposition of China's TFP into Sectoral and Factor-Reallocation Effects -- 11 Conclusions -- References -- 11 New Trends and Determinants of China's Income Gap -- References -- 12 Changes in China's Labor Share: Estimation and Interpretation -- 1 The Labor Share Dispute -- 2 Changes in China's Labor Share: Estimates and Interpretations -- 3 Conclusion -- 13 Reform the Distribution System to Boost the Growth of Consumption -- 1 Changes in China's Share of Consumption -- 2 Correlation Between the Income Gap and Changes in the Shares of Consumption -- 3 China's Income and Wealth Gaps: A Predictive Point of View -- 4 Suggestions for Adjusting Income Distribution to Boost Consumption -- 14 Income Distribution and Economic Transformation -- 1 An Introduction to the China Household Finance Survey -- 2 The Status Quo of Income Distribution in China -- 3 Uneven Income Distribution: The Fundamental Reason for Sluggish Consumption -- 4 Transfer Payments and Economic Transformation -- 5 Conclusions -- 15 The Potential Growth Rate of the Chinese Economy -- Reference China-Economic conditions-2000--Congresses |
| title | China's Economic New Normal Growth, Structure, and Momentum |
| title_auth | China's Economic New Normal Growth, Structure, and Momentum |
| title_exact_search | China's Economic New Normal Growth, Structure, and Momentum |
| title_exact_search_txtP | China's Economic New Normal Growth, Structure, and Momentum |
| title_full | China's Economic New Normal Growth, Structure, and Momentum |
| title_fullStr | China's Economic New Normal Growth, Structure, and Momentum |
| title_full_unstemmed | China's Economic New Normal Growth, Structure, and Momentum |
| title_short | China's Economic New Normal |
| title_sort | china s economic new normal growth structure and momentum |
| title_sub | Growth, Structure, and Momentum |
| topic | China-Economic conditions-2000--Congresses |
| topic_facet | China-Economic conditions-2000--Congresses |
| work_keys_str_mv | AT caifang chinaseconomicnewnormalgrowthstructureandmomentum AT chenfuyu chinaseconomicnewnormalgrowthstructureandmomentum |