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Keep Reforming: Chinas Strategic Economic Transformation by Zhong Xu (English) H

Description: Keep Reforming: Chinas Strategic Economic Transformation by Zhong Xu Estimated delivery 3-12 business days Format Hardcover Condition Brand New Description From a dialectical perspective, the more pessimistic expectation of economic trend, the easier it is to build consensus on reform, and the more remarkable actual effects of reform, which must be based on a comprehensive understanding of the phased characteristics of Chinas economic development. Publisher Description This book is about Chinas economy transformation. Currently, Chinas macro-leverage ratio has been effectively controlled, the central market interest rate (one year fixed interest rate) has gone down, and liquidity is now relatively abundant. However, financial institutions are generally reluctant to lend, the local governments are unwilling to act, and the fact that liquidity released by the central bank cannot be effectively transmitted to the real economy is leading to a contraction of credit and higher financing costs for private enterprises. Meanwhile, the downturn in the internal economic cycle has been exacerbated by the external shocks caused by frictions in Sino-US trade, and this set of circumstances has contributed to the polarization of expectations regarding Chinas real economic prospects and policy trends, as seen, for example, in the questions and discussions about policy trends relevant to the private economy. Indeed, one might claim that the current confusion of expectations even exceeds that of 2008, when the international financial crisis breaks out. From a dialectical perspective, the more pessimistic expectation of economic trend, the easier it is to build consensus on reform, and the more remarkable actual effects of reform, which must be based on a comprehensive understanding of the phased characteristics of Chinas economic development. In this book, based on the experience working in central bank of China, the author argues that Chinas policy should focus on internal demand. In the coming period, China needs to persevere in the market orientation, step up reform and opening up, and create a favorable business environment. This book represents the following opinions: First, to reach a common understanding of the medium and high economic growth, and avoid the dream of high growth. Second, to stick to supply-side structural reform, accelerate economic transformation and structural adjustment, andfurther unleash the reform dividends and growth potential. The long-term and structural problems cannot be attributed to short-term and cyclical problems. Third, the challenges of external shocks could be also regarded as opportunities, which include but not limited to accelerate reform to improve property rights protection, state-owned capital management, corporate governance, income distribution, and social security. Fourth, whenever the trade friction happens, a multilateral framework is always helpful. Author Biography Xu Zhong is the Deputy Secretary General of National Association of Financial Market Institutional Investors (NAFMII). Xu ZHONG received his Ph.D. degree in Economics. As Research Professor, Dr. Xu is the Doctoral Supervisor of Tsinghua University, University of International Business and Economics. One of his papers won the Sun Yefang Financial Innovation Thesis Award 2015. He is also the member of Chinese Economists 50 Forum (CE50), member of China Finance 40 Forum (CF40), Chief Editor of Journal of Financial Research, and one of the founders of Chinese Financial Forum (CFF). Dr. Xu has worked in the Financial Research Institute, Research Bureau, Financial Stability Bureau, and Financial Market Department of the Peoples Bank of China. He served as the Chief Editor of Journal of Financial Research, Deputy Director of Financial Market Department, Mission Chief for establishing the Shanghai Commercial Paper Exchange Corporation Ltd., and Director General of Research Bureau of the Peoples Bank of China. Dr. Xu has authored some books and over 100 academic papers or articles published on top domestic and foreign journals, such as Social Science in China, Economic Research Journal, Quarterly Journal of Economics, Financial Research, World Economy, China Economic Review, World Development, etc. Details ISBN 9811580057 ISBN-13 9789811580055 Title Keep Reforming: Chinas Strategic Economic Transformation Author Zhong Xu Format Hardcover Year 2020 Pages 266 Edition 1st Publisher Springer Verlag, Singapore GE_Item_ID:137764941; About Us Grand Eagle Retail is the ideal place for all your shopping needs! With fast shipping, low prices, friendly service and over 1,000,000 in stock items - you're bound to find what you want, at a price you'll love! Shipping & Delivery Times Shipping is FREE to any address in USA. Please view eBay estimated delivery times at the top of the listing. Deliveries are made by either USPS or Courier. We are unable to deliver faster than stated. International deliveries will take 1-6 weeks. NOTE: We are unable to offer combined shipping for multiple items purchased. This is because our items are shipped from different locations. Returns If you wish to return an item, please consult our Returns Policy as below: Please contact Customer Services and request "Return Authorisation" before you send your item back to us. Unauthorised returns will not be accepted. Returns must be postmarked within 4 business days of authorisation and must be in resellable condition. Returns are shipped at the customer's risk. We cannot take responsibility for items which are lost or damaged in transit. For purchases where a shipping charge was paid, there will be no refund of the original shipping charge. Additional Questions If you have any questions please feel free to Contact Us. Categories Baby Books Electronics Fashion Games Health & Beauty Home, Garden & Pets Movies Music Sports & Outdoors Toys

Price: 125.62 USD

Location: Fairfield, Ohio

End Time: 2024-12-23T03:07:40.000Z

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Keep Reforming: Chinas Strategic Economic Transformation by Zhong Xu (English) H

Item Specifics

Restocking Fee: No

Return shipping will be paid by: Buyer

All returns accepted: Returns Accepted

Item must be returned within: 30 Days

Refund will be given as: Money Back

ISBN-13: 9789811580055

Type: NA

Publication Name: NA

Book Title: Keep Reforming: China's Strategic Economic Transformation

Number of Pages: VIII, 266 Pages

Language: English

Publisher: Springer

Publication Year: 2020

Topic: Political Economy, Economics / Macroeconomics, Money & Monetary Policy

Illustrator: Yes

Genre: Political Science, Business & Economics

Item Weight: 20.5 Oz

Author: Zhong Xu

Item Length: 9.3 in

Item Width: 6.1 in

Format: Hardcover

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