China's New Normal, Supply-side, and Structural Reform

This title provides a comprehensive analysis of China's economic reform, using a range of cases to make it accessible to scholars and general readers. It is a collection of the latest works of Cai Fang, a leading economist in China.

Format: Paperback / softback
Length: 218 pages
Publication date: 25 September 2023
Publisher: Taylor & Francis Ltd

This title provides a comprehensive exploration of the hotly debated issues in contemporary China's economy, including China's structural and supply-side reform. The author employs a diverse range of case studies to ensure accessibility to both scholars and general readers. This title serves as a compilation of the latest works by Cai Fang, a renowned economist in China, on China's economic reform.

Introduction:
China's economy has undergone significant transformations in recent years, driven by a combination of government policies and market forces. The country has implemented a series of structural and supply-side reforms aimed at promoting economic growth, reducing inequality, and transitioning to a more sustainable development model.

China's Structural Reform:
China's structural reform has been a key focus of its economic policy since the late 1990s. The reform has involved a shift from a planned economy to a market-oriented economy, with the government playing a smaller role in the economy and allowing private enterprises to thrive. This has led to increased economic efficiency, innovation, and competition, which have contributed to China's rapid economic growth.

Supply-Side Reform:
Supply-side reform is another important component of China's economic policy. The reform has focused on improving the quality of China's human capital, infrastructure, and technology sectors. This has involved investments in education, research and development, and infrastructure construction, which have helped to improve the productivity and efficiency of Chinese industries.

Challenges and Opportunities:
Despite the significant progress made in China's economic reform, the country still faces several challenges. One of the biggest challenges is the issue of income inequality, which has persisted despite the country's rapid economic growth. Another challenge is the environmental impact of China's economic growth, which has led to concerns about pollution, resource depletion, and climate change.

Conclusion:
China's economic reform has been a remarkable achievement, and it has played a crucial role in the country's rapid economic growth and development. However, there is still work to be done to address the challenges and opportunities that the country faces. The government will continue to play a significant role in shaping China's economic future, and it will be important for the private sector and other stakeholders to work together to promote sustainable and inclusive growth.

Weight: 453g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032118482