China 2049 : Economic Challenges of a Rising Global Power
Dollar, David (EDT); Huang, Yiping (EDT); Yao, Yang (EDT)
Language: English
Published by Brookings Institution Press, 2020
- Softcover
- New

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- Title
- China 2049 : Economic Challenges of a Rising Global Power
- Author
- Dollar, David (EDT); Huang, Yiping (EDT); Yao, Yang (EDT)
- Publisher
- Brookings Institution Press
- Publication year
- 2020
- Condition
- New
- Binding
- Soft cover
- Language
- English
- ISBN 10
- 0815738056
- ISBN 13
- 9780815738053
Its clear that China is the worlds next economic superpower. But what isnt so clear is how China will get there by the middle of this century. It now faces tremendous challenges such as fostering innovation, dealing with ageing problem and coping with a less accommodative global environment.
In this book, economists from Chinas leading university and Americas best-known think tank offer in depth analyses of these challenges. Does China have enough talent and right policy and institutional mix to transit from input-driven to innovation-driven economy? What does ageing mean, in terms of labor supply, consumption demand and social welfare expenditure? Can China contain the environmental and climate change risks? How should the financial system be transformed in order to continuously support economic growth and keep financial risks under control? What fiscal reforms are required in order to balance between economic efficiency and social harmony? What roles should the state-owned enterprises play in the future Chinese economy? In addition, how will technological competition between the United States and China affect each countrys development? Will the Chinese yuan emerge as a major reserve currency, and would this destabilize the international financial system? What will be Chinas role in the international economic institutions? And will the United States and other established powers accept a growing role for China and the rest of the developing world in the governance of global institutions such as the World Trade Organization and the International Monetary Fund, or will the world devolve into competing blocs?
This book provides unique insights into independent analyses and policy recommendations by a group of top Chinese and American scholars. Whether China succeeds or fails in economic reform will have a large impact, not just on Chinas development, but also on stability and prosperity for the whole world.
"Synopsis" may belong to another edition of this title.
About the Author
Yiping Huang is the Director of the Institute of Digital Finance and deputy dean of the National School of Development, at the Peking University. He was formerly member of the Monetary Policy Committee of the People's Bank of China and chief Asia economist for Citigroup.
Yang Yao is a Cheung-Kong Scholar and Boya Chair professor at the China Center for Economic Research (CCER) and the National School of Development (NSD), Peking University. He currently serves as the director of CCER, and the dean of NSD. His research interests include economic transition and development in China.
"About the title" may belong to another edition of this title.
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