The slower growth of the Chinese economy in the aftermath of the pandemic has prompted the Chinese Government to adopt measures to boost domestic consumption and deepen structural reform, with the effectiveness of such policies beginning to be felt. However, China still faces challenges that will affect its growth dynamics down the track. These include the slowdown of its real estate sector, the complex internal and external environments for macroeconomic policy, the high level of income inequality, weak growth in investment by the private sector, negative population growth, high levels of debt, deglobalisation, weakness in the financial sector and equity markets, the inadequacy of its fiscal system and the imperative to decarbonise the economy. China must confront these challenges to maintain growth momentum and achieve higher levels of income and living standards.
The theme of the 2024 China Update book is China: Regaining Growth Momentum after the Pandemic. It discusses some of the challenges and policy issues that are being watched with keen interest by decision-makers and markets alike, including: What are the obstacles to economic growth in the aftermath of the pandemic and how can these be overcome? What are the key challenges and opportunities for China to move to the next level of development against the backdrop of negative population growth? Is it time for a Tax-Sharing System Reform 2.0 to consolidate China's fiscal position? What are the challenges facing China’s small and medium enterprises? How is China’s business environment faring, and what are the implications for investment? How does China’s urban housing affordability impact its low fertility rate? How will the trade conflict between China and the United States play out regarding semiconductors and other high-tech products? How does China–Africa bilateral agricultural trade impact on African rural transformation?
Edited by:
Ligang Song,
Yixiao Zhou
Imprint: ANU Press
Country of Publication: Australia
Dimensions:
Height: 254mm,
Width: 178mm,
Spine: 17mm
Weight: 558g
ISBN: 9781760466770
ISBN 10: 1760466778
Series: China Update Series
Pages: 322
Publication Date: 13 December 2024
Audience:
Professional and scholarly
,
Undergraduate
Format: Paperback
Publisher's Status: Active
List of contributors Acknowledgements Abbreviations Figures and map Tables Growth momentum in China after the pandemic: Headwinds and policy levers – Ligang Song and Yixiao Zhou China's economy after Covid-19 – Bert Hofman Potential efficiency in economic growth: A cross-province perspective – Raghuvir Kelkar and Kaliappa Kalirajan The state of public finance in China: Why tax and intergovernmental reform are urgently needed – Christine Wong Adaptive efficiency, institutional change and economic performance: Evidence from the Chinese economy – Chérie Simpson, Ligang Song and Yixiao Zhou Business Environment Index for China’s provinces: A brief version of the 2023 report – Xiaolu Wang, Fan Gang and Aili Li Vulnerability and resilience: Understanding China’s flexible employment through the lens of unregistered individual business owners – Xu Xiang, Sherry Tao Kong and Qiuhui Chen The trend in China’s urban housing affordability and its impact on the total fertility rate – Tunye Qiu Chinese women in the workforce and free school lunches: A 'small’ program with big implications – Ge Wang, Xinjie Shi and Jane Golley Chips, subsidies and commercial competition between the United States and China – John Edwards A policy analysis of the Belt and Road Initiative – Kunling Zhang Analysing the impact of China–Africa agricultural trade on rural transformation in Africa: An application of the gravity model – Siying Jia and Yu Sheng Index
