DOCSLIB.ORG

New Five-Year Plan Emphasizes Quality China's President Hu

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
New Five-Year Plan Emphasizes Quality China's President Hu APRIL 2011 New Five-Year Plan Emphasizes Quality China is trading GDP growth in its 12th Five-Year Plan (2011-2015) for quality and efficiency – and expects to create 45 million new jobs. Premier Wen Jiabao announced at the National People’s Congress on March 5 that the new GDP target is 7 percent, with less reliance on exports and investments to a more balanced, consumer-driven economy. Human resources training and China’s President Hu Jintao Sees Chicago management, a strong suit in the West, may provide added value to China’s As Place For Investment And Job Creation need, and opportunities for American businesses. China’s President made Chicago Family Foundation to bring promis- It is likely there will be more his only stop in the United States ing Chinese designers and architects opportunities, because the National after a State visit with President to study at the Art Institute of People’s Congress has approved a Plan Obama in January and said many Chicago. that calls for spending 2.2. percent of good things about the City’s educa- Friday, he escorted Hu to Walter GDP on R&D. tional innovations and businesses. Payton Preparatory High School, the President Hu Jintao was honored home of Confucius Institute in at a dinner by Chicago’s Mayor Rich- Chicago which supports a program ard M. Daley and business leaders at teaching 12,000 Chicago students the Hotel Hilton Thursday night, Mandarin in Chicago Public Schools, January 20, where Daley noted that where Hu announced that his govern- “Chicago’s long-range goal is to ment would bring 20 of the school’s make the City the most China- faculty and students to China during friendly city in the United States.” the summer. Hu’s response acknowledged Later they traveled to suburban that “Chicago has long taken the lead Woodridge to visit an exhibit of 30 among U.S. cities in strengthening its Chinese companies doing business bonds with China.” He noted that in the Midwest. Hu noted, “The “Boeing, Caterpillar, McDonald’s, Chinese government will continue to Motorola, and many other Mid- encourage our corporations to do western companies have become business and invest here.’’ household names in China.” Picture: Mayor Daley and Presi- Daley announced a $1 million- dent Hu visited Payton School, by grant from the Margo and Tom Pritzker Brooke E. Collins, City of Chicago 2011 Effective Public Relations In China Should Prove Valuable To Society The China Business Review has the skills of native-born nationals to observed that communicating a achieve goals. message effectively in China requires In China, for example, Royal “understanding the subtly moving Roots routinely works with media of parts of the country’s complex oper- the CCP, with government-controlled ating environment. Government- television, or famous universities to controlled media, the Chinese Com- bring forth information that serves China Business Review sums up munist Party’s interests, economic China’s interest as it also serves goals procedures to follow to get messages reforms, and rapidly expanding inter- of clients. In the U.S., on the other across in China: Companies should net use all affect corporate communi- hand, there usually is not the neces- treat public relations as they would cations strategies in China.” sity to take into consideration govern- treat government relations; compa- Government affairs and PR are ments as stakeholders. nies should factor recent trends into intertwined in China and must their PR strategies, including PRC acknowledge this fact. The situation government and industry consolida- is usually not the same in the U.S. tion, social media and the “marketi- Royal Roots Global has vast zation” of the media; effective PR experience in both countries, using strategies require that companies public relations activities to further clearly and effectively demonstrate strategies for clients, and draws on their contribution to Chinese society. Rising Prices China expanded by 58 percent in from an export-oriented economy. 2009 and 2010. One way or another, Chovanec Change China Game This rapid expansion in the said, China will become more expen- money supply was funneled into sive relative to the rest of the world. Patrick Chovanec, Professor, investment and not consumption, he This changes the “China price” which School of Economics and Manage- said, driving up prices for housing, has redefined the global economy ment, Tsinghua University in Beijing, raw materials, gold and other com- over the past two decades. walked the 130 participants in the modities and “leaking” inflation into Focus on China programs are Focus on China series of the Chicago wages and adding to existing imbal- supported by the Dr. Scholl Founda- Council on Global Affairs through ances. tion and Boeing; Royal Roots Global how China’s stimulus package has China, he said, must now Inc. is among cosponsors. led to inflation and what this means confront the same challenge of to that country and the world. moving from an export to consump- He spoke Tuesday evening, tion driven economy that Japan did in February 8, at the Chicago Club on the late 1970s, predicting it won’t be “2011 China: Rising Prices Change easy as many Chinese companies The Game.” don’t own their own products, brands China sustained its target eight or technology and lack domestic percent growth rate during the finan- marketing and distribution. cial crisis through a RMB 4 trillion He said China’s reluctance to stimulus which resulted in a lending move on its currency exchange rate is explosion that is now fueling infla- a barometer of how vulnerable govern- tion, he said; the lending portfolio in ment leaders feel with a transition away Catch Up On China Call Report. Visit Our Web Page www.rroots.net Groupon Goes To China Groupon, the Chicago company that was founded in 2008 and is being called the fastest-growing company in history, has now entered the Chinese market, starting services in Beijing and Shanghai, with plans to expand to other major cities. “Groupon features a daily deal on the best stuff to do, see, eat, and buy in more than 500 markets and 44 Gary Locke and Chen Deming. Photograph by Joan Hackett countries, and soon beyond,” its Web- site notes. “We have about 1,500 Chicago Hosts U.S-China Forum people working in our Chicago head- On Economic And Trade Cooperation quarters, a growing office in Palo Alto, CA, account executives based While China President Hu Jintao one investment destination in the in local markets across North was getting a tour of Chicago by world because we have a secure envi- America and regional offices in Mayor Richard M. Daley on January ronment for investment, an open Europe, Latin America, Asia and 31, hundreds of members of a market system with an embedded rule throughout the world.” Chinese delegation and hundreds of of law culture, the most productive The daily deals it offers include Midwest business leaders were meet- and best educated workers in the dining, health-and-beauty, and out- ing in the International Ballroom of world, and vast resources.” He also door activities as well as indoor the Hilton Hotel, and getting down to announced that “Exports to China are skydiving, Segway tours, teeth whit- business on economic and trade up 34 percent in 2010 over 2009 and ening and Brazilian hair blowouts. It cooperation. in fact our exports to China are on intends to enter new categories such Before the day was over, leaders track to exceed $100 billion in 2011.” as travel. of some 60 U.S. and Chinese compa- Chen hoped that the minimum The company has a 20 percent nies signed contracts. U.S. export to China should reach growth rate with 60 million subscrib- In the meantime, they attended $200 billion by 2015 and observed ers. It turned down a reported $6 panel sessions such as "Future Over- that the U.S. Midwest was highly billion takeover offer from Google view of China-U.S. Business Rela- complementary with China’s eco- and raised $950 million in venture tions – 10-Year Outlook" which nomy producing, for example, one- funding in January, 2011. could encourage cooperation. fourth of the soybeans China imports In China, Groupon is partnering The day was punctuated with from the U.S. with Tencent, the country’s largest addresses by the Honorable Gary Wang stressed that China was Web portal, through its Tencent Locke, Secretary, U.S. Department of combating IPR infringement. Collaboration Fund. Yungfeng Capi- Commerce; His Excellency Chen The Forum was organized by the tal also is an investor. Deming, Minister, Ministry of Com- Chicago Council on Global Affairs merce of the People’s Republic of and the China Chamber of Commerce China; and His Excellency Wang for Import and Export of Machinery Chao, Vice Commerce Minister of and Electronic Products, in partner- China. ship with the Ministry of Commerce Locke encouraged the Chinese of the People’s Republic of China. delegates about American opportuni- ties, noting, “The U.S. is the number New Yorker Views Urban China: headquarters of Boeing, which just Hu’s Chicago Visit sold China $19 billion in airplanes; Informal Cities Illinois is also home to the U.S. operations of Wanxiang Interna- The Museum of Contemporary tional, an auto-parts company that Art Chicago is presenting “Urban employees more Americans than any China: Informal Cities,” an exhibi- other Chinese company.” tion of how cities across the globe, A deeper reason, he said, was from Chinese cities to Chicago, grow that Chicago had built “America’s and transform. The exhibition provides largest Chinese-language program.” an analysis of Chicago’s and urban He pointed to the partnership of China’s growth through history to educator Robert Davis and Mayor highlight the similarities within the Evan Osnos, the New Yorker Richard Daley in helping develop the differences of all cities.
Load more

Recommended publications
  • Freeing Trade Barriers in Asia Chairs: Mohammadou Gningue
    SciMUNC 2018 World Trade Organization Topic: Freeing Trade Barriers in Asia ​ Chairs: Mohammadou Gningue ([email protected]) Alysa Chen ([email protected]) Dear Delegates, Welcome to the Bronx High School of Science Model United Nations Conference (SciMUNC) 2018! We’re so excited to have you join us as delegations at the World Trade Organization at SciMUNC this year. My name is Mohammadou Gningue, and I’m elated to be serving as co-chair for this committee. I’ll be working closely with my co-chair, Alysa Chen, as well as your rapporteur Maliha Akter to make sure that this committee runs as smoothly as possible. I’m currently a senior at The Bronx High School of Science and have been participating in MUN since I was a sophomore and this is my second year chairing a committee. I’m really excited to be working with you all and hope that we have a very successful conference. I hope for the very best out of you all and for another wonderful SciMUNC! Hi, I’m your Co-Chair Alysa Chen. I’m a rising senior and I’ve been a part of Bronx Science Model UN Team for one year. This is my first time chairing a conference. What truly inspires me to continue enjoying MUN is working with people from all over the world. Outside of MUN, I am a huge environmental activist. My dream is to work for the UN Environmental Programme or practice environmental law in the ICJ one day! Hi, my name is Maliha Akter and I am Rapporteur.
    [Show full text]
  • The Future of Mobility: Scenarios for China in 2030 Ecola Et Al
    The Future of Mobility: Scenarios for China in 2030 Ecola et al. et Ecola China in 2030 for Scenarios Mobility: of Future The i THE FUTURE OF MOBILITY Scenarios for China in 2030 Liisa Ecola, Johanna Zmud, Kun Gu, Peter Phleps, Irene Feige ISBN-10 0-8330-9035-6 R ISBN-13 978-0-8330-9035-5 56000 www.rand.org RR-991-ifmo $60.00 9 780833 090355 The Future of Mobility Scenarios for China in 2030 Liisa Ecola, Johanna Zmud, Kun Gu, Peter Phleps, Irene Feige For more information on this publication, visit www.rand.org/t/rr991 As a part of the agreement under which the research described in this document was funded, RAND grants the Institute for Mobility Research a nonexclusive, royalty-free license to duplicate and distribute this publication in any medium, either commercially or noncommercially. Library of Congress Cataloging-in-Publication Data is available for this publication. ISBN: 978-0-8330-9035-5 Published by the RAND Corporation, Santa Monica, Calif. © Copyright 2015 RAND Corporation RAND® is a registered trademark. Design: Bernhard Moosbauer, exsample.org All photographs via 123rf.com Limited Print and Electronic Distribution Rights This document and trademark(s) contained herein are protected by law. This representation of RAND intellectual property is provided for noncommercial use only. Unauthorized posting of this publication online is prohibited. Permission is given to duplicate this document for personal use only, as long as it is unaltered and complete. Permission is required from RAND to reproduce, or reuse in another form, any of its research documents for commercial use.
    [Show full text]
  • The Imminent Housing Collapse - Will History Repeat Itself?
    THE IMMINENT HOUSING COLLAPSE - WILL HISTORY REPEAT ITSELF? ∗ Ping-fu (Brian), LAI, DBA ∗∗ ∗∗ Ho Sum CHAN, MSc Fin Abstract Human being is not particularly good at learning from history. Either we haven't lived long enough to live through every moment of it, or we just forget what we have lived through. Today, many analysts' cranky critiques are still very bullish, and are trying hard to explain intuitively why Hong Kong property prices can't drop, and how much healthier the market is. However, a remarkably stagnant property market in terms of transaction volume, even though prices are still holding up for the time being, is far more sceptical about markets' inherent rationality. There is very little doubt that home prices are among the most expensive on earth; Demographic trend is working against the market; Economic uncertainties of U.S fiscal cliff increase; Mainland China slowdown curbs Hong Kong growth; Interest rates on the only way up; Government's moves to check speculation and the Illusion of supply shortage etc. This is the prerequisite to call anything a "bubble", and the property market in certainly meets these criteria. The purpose of this paper is to use an econometric model and descriptive statistical analysis to illustrate Hong Kong resident property prices correction is imminent today. Keywords: Housing, Property, Bubble, Resident, Hong Kong JEL Classification: F3 ∗ Assistant Professor, Division of Business and Management, United International College, Beijing Normal University Hong Kong Baptist University. ∗∗ Researcher, ABRS International Consultancy. 63 Financial Studies - 4/2014 1. Introduction General market overview - The volatility of Hong Kong property prices is world famous.
    [Show full text]
  • PET Listening-China in 2030
    CL GRANADA, S. L. C/ Puentezuelas, nº 32, 1ª Planta - 18002 Granada Teléf.: 958 53 52 53 – 958 52 12 91 Fax: 958 25 15 46 E-mail: [email protected] Web: www.clgranada.com PET LISTENING Instructions: Listen to recording about China and the US intelligence service and answer the questions. Mark the box A for true or B for false. American Intelligence Report Predicts China will be World’s Leading Economic Power by 2030 Questions: Answers 1 In 2030 the United States will be a superpower. A B 2 This document was written by government experts to help politicians make decisions. A B 3 Patrick Chovanec says the average age in China is rising because of the country’s one-child A B policy. 4 The report also says that there will be less demand on resources in the future as population A B growth continues. 5 The report says nearly half of the population will live in areas with severe water issues. A B 6 Experts believe that the USA should become less active in settling problems in the future. A B 7 Robert Kagan says that many individual states look to the USA for protection. A B 8 Robert Kagan says that one of the problems in the Syria crisis is that the USA isn’t playing A B its role. 9 The Authors of the report say their findings are not meant to predict the future. A B 10 Findings suggest that the best world possible is if all superpowers work together to solve A B world problems.
    [Show full text]
  • Bibliography
    Bibliography Acemoglu, D. et al., 2008. Income and Democracy. American Economic Review, 98(3), pp. 808–842. Aitken, C. and Keller, S., 2007. The CEO’s Role in Leading Transformation. The McKinsey Quarterly, 19–26. AlJazerra, 2009. US: Taliban has Grown Fourfold – Americas – Al Jazeera English. AlJazerra. Available at: http://www.aljazeera.com/news/ americas/2009/10/20091091814483962.html [Accessed March 28, 2012]. Allchin, J., 2010. Burma ‘Hosting India’s Greatest Security Threat’. Eurasia Review. Available at: http://www.eurasiareview.com/201008 317577/burma-hosting-indias-greatest-security-threat.html [Accessed September 2, 2010]. Altman, R., 2011. We Need not Fret Over Omnipotent Markets. FT.com. Available at: http://www.ft.com/cms/s/0/890161ac-1b69-11e1- 85f8-00144feabdc0.html#axzz1fHKcTLBn [Accessed December 2, 2011]. ANI, 2012. India Expresses Concern Over Safety of Pakistan’s Nuclear Arsenal. Yahoo! News India. Available at: http://in.news.yahoo.com/india- expresses-concern-over-safety-pakistans-nuclear-arsenal-121128219. html [Accessed March 28, 2012]. Applegate, L. and Harreld, B., 2009. Don’t Just Survive – Thrive: Leading Innovation in Good Times and Bad, Boston: Havard Business School. Arrata, P., Despierre, A. and Kumra, G., 2007. Building an Effective Change Agent Team. The McKinsey Quarterly,4,p.4. Aslund, A., 2008. 10 Reasons Why the Russian Economy will Falter. Moscow Times. Available at: http://www.themoscowtimes.com/opinion/ article/10-reasons-why-the-economy-will-falter/370643.html [Accessed March 28, 2012]. Aslund, A., 2009. Take the R Out of BRIC. Peterson Institute. Available at: http://www.piie.com/publications/opeds/oped.cfm?ResearchID=1445 &utm_source=feedburner&utm_medium=%24%7Bfeed%7D&utm_ campaign=Feed%3A+%24%7Bupdate%7D+%28%24%7BPIIE+Update %7D%29&utm_content=My+Yahoo [Accessed December 10, 2009].
    [Show full text]
  • China's Economic Environment
    China SignPost™ 洞察中国 14 March 2012 China’s Economic Environment: Implications for Military Development China SignPost™ 洞察中国–“Clear, high-impact China analysis.”© Strategic Horizon 1B: The U.S.-China relationship will be central to international relations in the twenty-first century, as the two great Asia-Pacific powers compete, coexist, and cooperate across the full spectrum of national capabilities. While they share many important interests and are increasingly interdependent, particularly in the economic realm, Beijing and Washington regrettably retain presently-irreconcilable differences regarding important security issues. While this friction can likely be managed, albeit at the cost of tremendous effort and patience on both sides, occasional crises are likely, and conflict cannot be ruled out completely if wisdom and diligence prove insufficient. The best way to avoid conflict is to understand its potential nature and cost. To that end, this four-part series will examine four major issues: China’s Near Seas military focus and capabilities China’s economic environment and implications for military development Chinese energy and resource imports and their potential to drive naval expansion China’s conflict triggers and mitigating factors, particularly economic interdependence While this series will retain China SignPost™ (洞察中国)’s traditional Sino-centric focus, it must be noted that the U.S. and its capabilities, policies, and actions clearly represent a major part of the strategic equation, and Beijing clearly has its own views
    [Show full text]
  • On the Rise of China, the Reconfiguration of Global Power, and the Collapse of the Modern Liberal Order
    ON THE RISE OF CHINA, THE RECONFIGURATION OF GLOBAL POWER, AND THE COLLAPSE OF THE MODERN LIBERAL ORDER A thesis submitted to the Kent State University Honors College in partial fulfillment of the requirements for Departmental Honors By Logan Brosius December, 2015. Thesis written by Logan Brosius Approved by _________________________________________________________________, Advisor _______________________________________________, Chair, Department of Political Science Accepted by _____________________________________________________, Dean, Honors College ii Table of Contents Acknowledgements iv Introduction 1 I. History 5 II. Contradictions 31 a. Transition After the 1990s 31 b. Contradictions 42 III. Players 56 a. The Liberals 56 b. The New Left 65 IV. The Establishment 87 a. The Chinese Establishment and Survival 88 b. Corruption and the State 95 V. The Neoliberal Order 113 a. The Context and Limits of China’s Rise 114 b. The Previous Order and Its Major Features 123 c. China, the Modern Order, and the Reconfiguration of Global Power 138 Conclusion 170 Bibliography 175 iii ACKNOWLEDGEMENTS This paper is something of a story and a testament to both my mentors and my experiences since high school graduation. As someone who grew up in a remarkably small rural town, my early intellectual development owes largely to my blissful ignorance of the astonishing labors and successes of my phenomenal parents, James and Denise Brosius. They have provided me their endless support, a place to grow, and, perhaps most importantly, grounded me from becoming hopelessly detached. Were it not for their support, I understand rather strongly what other options awaited me. My primary mentors during the course of this paper ultimately changed over time due to my own problems – something I hope dearly to have addressed.
    [Show full text]
  • Chapter 1 Section 3
    SECTION 3: GOVERNANCE AND ACCOUNTABILITY IN CHINA’S FINANCIAL SYSTEM Introduction This section provides an overview of China’s financial system, covering strains in the state banking system; the growth of the shadow banking sector and access to credit; market access issues and operational challenges for foreign financial services firms; and governance, transparency and accountability problems in China’s financial sector. It is based on witness testimonies from the Com- mission’s March 7, 2013, hearing; information from the Commis- sion’s fact-finding trips to China, Japan, and Taiwan; and addi- tional staff research. China’s Banking System and Access to Credit and Capital China’s 12th Five-Year Plan (2011–2015) calls for less depend- ence on exports and state-funded infrastructure projects and more domestic consumption to support China’s economy. This shift from government-led to private-led growth necessarily requires that Chi- nese families and private sector businesses have sufficient access to credit and capital. Private small- to medium-sized enterprises (SMEs) already contribute 60 percent of gross domestic product (GDP) and 80 percent of urban employment, according to some esti- mates.1,2 Yet bank lending, the traditional source of credit for en- trepreneurs and startups in most countries, is largely inaccessible to Chinese individuals and SMEs, because China’s financial system is dominated by large, state-owned banks that mainly service gov- ernment-directed projects and state-owned enterprises. A shadow banking system of unofficial credit has sprung up to fill the gaps left by the big banks’ lending practices, but it is largely unregu- lated, and the proliferation of shadow banking activity poses threats to the country’s financial stability.* Chinese State Banks Chinese banks hold a unique position.
    [Show full text]
  • Grandma's Mortgage
    Collier Research China Lechi Zhang Andrew Collier [email protected] 631-521-1921; 86 135 2083 8346 [email protected] Grandma’s Mortgage Who’s Paying for China’s Property Bubble? CRC asked 132 property owners in China what was their source of capital for the real estate they acquired? In addition to personal savings, most buyers borrowed funds from a complex array of third party lenders. This reliance on “friends and family” and “other” sources of capital is a form of non-bank lending that is little understood and is a potential liability in the financial system. Reliance on Non-Bank Lending. Our survey of 132 Chinese residents indicates that 80% borrow money from sources other than banks, including friends and family, to buy property. Although frequently cited as a source of stability, we believe is a potential liability that could be negative to confidence in a time of declining prices. No Savings Among Some. Among our surveyed group, 15% have acquired property with no savings as down payment, relying on bank loans, relatives and friends. This is another source of weakness in the system. Uncertainty about the Value of Property. The survey finds a marked confusion about the direction of the property market in the future, with the group equally split between forecasting rising and declining prices. Table of Contents Grandma’s Mortgage ............................. 1 Grandma’s Mortgage ii January 2011 Grandma’s Mortgage Where Does the Money Come From? China’s property market is a significant driver of GDP growth. Depending on estimates of the degree of leakage of corporate bank lending into the residential property market, property fixed asset investment accounts for a significant portion of China’s GDP.
    [Show full text]
  • Liu 202013 20Common 20Glo
    Common Global and Local Drivers of RevPAR in Asian Cities by Crocker H. Liu, Ph.D., Pamela C. Moulton, Ph.D., Cornell Hospitality Report and Daniel C. Quan, Ph.D. Vol. 13, No. 612 January May 2013 All CHR reports are available for free download, but may not be reposted, reproduced, or distributed without the express permission of the publisher Cornell Hospitality Report Vol. 13, No. 6 (May 2013) © 2013 Cornell University. This report may not be reproduced or distributed without the express permission of the publisher. Cornell Hospitality Report is produced for the benefit of the hospitality industry by The Center for Hospitality Research at Cornell University. Robert J. Kwortnik, Academic Director Jennifer Macera, Associate Director Glenn Withiam, Director of Publications Center for Hospitality Research Cornell University School of Hotel Administration 537 Statler Hall Ithaca, NY 14853 Phone: 607-255-9780 Fax: 607-254-2922 Advisory Board www.chr.cornell.edu Niklas Andréen, Group Vice President Global Hospitality & Partner Christine Lee, Senior Director, U.S. Strategy, McDonald’s Corporation Marketing, Travelport GDS Mark V. Lomanno Scott Berman ‘84, Principal, Real Estate Business Advisory Services, David Meltzer MMH ‘96, Chief Commercial Officer, Sabre Hospitality Industry Leader, Hospitality & Leisure, PricewaterhouseCoopers Solutions Raymond Bickson, Managing Director and Chief Executive Officer, Taj William F. Minnock III ‘79, Senior Vice President, Global Operations Group of Hotels, Resorts, and Palaces Deployment and Program Management, Marriott International, Inc. Michael Cascone, President and Chief Operating Officer, Forbes Travel Mike Montanari, VP, Strategic Accounts, Sales - Sales Management, Guide Schneider Electric North America Eric Danziger, President & CEO, Wyndham Hotel Group Hari Nair, Vice President of Market Management North America, Benjamin J.
    [Show full text]
  • Global Financial Crisis and the Chinese Response
    Task Force 2010 Professory Gary Hamilton Writers: Evaluator David Tang Callista Bevans Arielle Kloss Nathan Gardner Dimitar Anguelov Elizabeth Lyons Stefan Myers Nathan Snyder Kendall Smith Youn Gee Lee Tim Quijano Chris Schulz Aaron Larsen Andrew Calkins Zhi Wei Wan Editors: James Connelly Michael Grubb Student Coordinator: Justin Henning University of Washington Jackson School of International Studies Contents Acronyms . 4 Executive Summery . 5 China and a Changing Global Landscape . 11 Chapter One: Background Chapter Introduction . 19 Section 1.1 China’s Emergance as a Market Economy . 22 Section 1.2 From a Japanese to a Chinese centered Asian Production Network . 33 Section 1.3 Global Integration . 43 Chapter Two: The Financial Crisis and the Chinese Response Chapter Introduction . 58 Section 2.1 Immediate Effects in China . 68 Section 2.2 China’s Fiscal Stimulus and Implications for the Future . 76 Section 2.3 China’s Monetary Response to the Great Recession . 86 Section 2.4 China Today . 101 Chapter Three: Challenges to Continued Chinese Economic Growth Chapter Introduction . 131 Section 3.1 Structural Changes in the Chinese Economy . 133 Section 3.2 Perilous Growth . 145 Section 3.3 Political and Social Challenges . 159 Chapter Four: Lessons and Policy Considerations Chapter Introduction . 170 Section 4.1 US Economic Policy Towards China . 173 Section 4.2 US Policy towards Chinese Dimlomatic and Economic Engagement . 187 Section 4.3 Renewing America’s Economy . 196 Towards a New American Strategie . 205 List of Figures . 217 Bibliography
    [Show full text]
  • 2011 REPORT to CONGRESS of the U.S.-CHINA ECONOMIC and SECURITY REVIEW COMMISSION
    1 2011 REPORT TO CONGRESS of the U.S.-CHINA ECONOMIC AND SECURITY REVIEW COMMISSION ONE HUNDRED TWELFTH CONGRESS FIRST SESSION NOVEMBER 2011 Printed for the use of the U.S.-China Economic and Security Review Commission Available via the World Wide Web: http://www.uscc.gov U.S. GOVERNMENT PRINTING OFFICE WASHINGTON : 2011 For sale by the Superintendent of Documents, U.S. Government Printing Office Internet: bookstore.gpo.gov Phone: toll free (866) 512–1800; DC area (202) 512–1800 Fax: (202) 512–2104 Mail: Stop IDCC, Washington, DC 20402–0001 VerDate Nov 24 2008 13:46 Nov 10, 2011 Jkt 067464 PO 00000 Frm 00005 Fmt 5012 Sfmt 6602 G:\GSDD\USCC\2011\067464.XXX 067464 dkrause on DSKHT7XVN1PROD with $$_JOB G:\GSDD\USCC\USChina.eps U.S.-CHINA ECONOMIC AND SECURITY REVIEW COMMISSION Hon. WILLIAM A. REINSCH, Chairman DANIEL M. SLANE, Vice Chairman COMMISSIONERS CAROLYN BARTHOLOMEW JEFFREY L. FIEDLER DANIEL A. BLUMENTHAL Hon. PATRICK A. MULLOY PETER T.R. BROOKES Hon. DENNIS C. SHEA ROBIN CLEVELAND MICHAEL R. WESSEL Hon. C. RICHARD D’AMATO LARRY M. WORTZEL MICHAEL R. DANIS, Executive Director KATHLEEN J. MICHELS, Associate Director DANIEL HARTNETT, Sr. Analyst for Military–Security Issues PAUL MAGNUSSON, Sr. Analyst for Economics–Trade Issues The Commission was created on October 30, 2000, by the Floyd D. Spence National Defense Authorization Act for 2001 § 1238, Pub. L. No. 106–398, 114 STAT. 1654A–334 (2000) (codified at 22 U.S.C. § 7002 (2001), as amended by the Treasury and General Government Appropriations Act for 2002 § 645 (regarding employment status of staff) & § 648 (regarding changing annual report due date from March to June), Pub.
    [Show full text]