IDEAS home Printed from https://ideas.repec.org/b/iie/piiebs/piieb15-3.html
   My bibliography  Save this book

China's Economic Transformation: Lessons, Impact, and the Path Forward

Author

Listed:
  • Tomas Hellebrandt

    (Peterson Institute for International Economics)

  • Jacob Funk Kirkegaard

    (Peterson Institute for International Economics)

  • Robert Z. Lawrence

    (Peterson Institute for International Economics)

  • Paolo Mauro

    (Peterson Institute for International Economics)

  • Silvia Merler

    (Bruegel)

  • Sean Miner

    (Peterson Institute for International Economics)

  • Jeffrey J. Schott

    (Peterson Institute for International Economics)

  • Nicolas Veron

    (Peterson Institute for International Economics)

Abstract

China's efforts to transition from an economy driven by investment and exports to one based on private consumption and services are roiling global markets. Its problems are compounded by an economic slowdown, rising debt levels, languishing real estate market, and lagging productivity growth. In these essays, scholars from the Peterson Institute for International Economics (PIIE) recommend a number of reforms for Chinese leaders to consider, including steps to further open up its capital account and develop its financial markets. This collection of papers is part of a series of interactions and discussions between PIIE and the China Finance 40 (CF40) Forum, which began in 2012. The papers are intended to illuminate the challenges facing China as it engages increasingly with the global economy and builds on its phenomenal economic success of the past three decades.

Suggested Citation

  • Tomas Hellebrandt & Jacob Funk Kirkegaard & Robert Z. Lawrence & Paolo Mauro & Silvia Merler & Sean Miner & Jeffrey J. Schott & Nicolas Veron, . "China's Economic Transformation: Lessons, Impact, and the Path Forward," PIIE Briefings, Peterson Institute for International Economics, number PIIEB15-3, October.
    • Handle: RePEc:iie:piiebs:piieb15-3
    as

    Download full text from publisher

    File URL: https://www.piie.com/publications/piie-briefings/chinas-economic-transformation-lessons-impact-and-path-forward
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Charles Goodhart & Xiaosong Zeng, 2006. "China's Banking Reform: Problems and Potential Solutions," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 4(3), pages 185-198.
    2. International Monetary Fund, 2011. "People's Republic of China: Financial System Stability Assessment," IMF Staff Country Reports 2011/321, International Monetary Fund.
    3. Nicholas R. Lardy, 2014. "Markets over Mao: The Rise of Private Business in China," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 6932, October.
    4. Ma, Guonan & Xiandong, Yan & Xi, Liu, 2011. "China's evolving reserve requirements," BOFIT Discussion Papers 30/2011, Bank of Finland Institute for Emerging Economies (BOFIT).
    5. Guonan Ma & Yan Xiandong & Liu Xi, 2013. "China’s evolving reserve requirements," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 11(2), pages 117-137, May.
    6. Wei, Shang-Jin & Wang, Tao, 1997. "The siamese twins: Do state-owned banks favor state-owned enterprises in China?," China Economic Review, Elsevier, vol. 8(1), pages 19-29.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Berkelmans, Leon & Kelly, Gerard & Sadeghian, Dena, 2016. "Chinese monetary policy and the banking system," Journal of Asian Economics, Elsevier, vol. 46(C), pages 38-55.
    2. Patrick Blagrave & Peter Elliott & Mr. Roberto Garcia-Saltos & Mr. Douglas Hostland & Mr. Douglas Laxton & Fan Zhang, 2013. "Adding China to the Global Projection Model," IMF Working Papers 2013/256, International Monetary Fund.
    3. Pang, Ke & Siklos, Pierre L., 2016. "Macroeconomic consequences of the real-financial nexus: Imbalances and spillovers between China and the U.S," Journal of International Money and Finance, Elsevier, vol. 65(C), pages 195-212.
    4. Dena Sedeghian & Graham White & Patrick D’Arcy, 2013. "Macroeconomic Management in China," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 11-20, June.
    5. Glick, Reuven & Hutchison, Michael, 2013. "China's financial linkages with Asia and the global financial crisis," Journal of International Money and Finance, Elsevier, vol. 39(C), pages 186-206.
    6. Laura Komlóssy & Gyöngyi Körmendi & Sándor Ladányi, 2017. "The Road to a Market-Oriented Monetary Policy and the “New Normal” Monetary Policy Regime in China," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 16(Sepcial I), pages 101-125.
    7. Jieming Zhu, 2005. "A Transitional Institution for the Emerging Land Market in Urban China," Urban Studies, Urban Studies Journal Limited, vol. 42(8), pages 1369-1390, July.
    8. Li, Jiaming & Li, Yuheng & Zhang, Wenzhong & Yu, Jianhui, 2018. "Imbalanced ownership transformation and land use within an urban area: a case study of Beijing," Land Use Policy, Elsevier, vol. 74(C), pages 240-247.
    9. Qu, Guangjun & Sylwester, Kevin & Wang, Feng, 2016. "Anticorruption and Growth: Evidence from China," MPRA Paper 72190, University Library of Munich, Germany.
    10. Wang, Xiaoming & Wu, Weijun & Yin, Chen & Zhou, Sili, 2019. "Trade credit, ownership and informal financing in China," Pacific-Basin Finance Journal, Elsevier, vol. 57(C).
    11. Wang, Fangjun & Sun, Junqin & Liu, Yang Stephanie, 2019. "Institutional pressure, ultimate ownership, and corporate carbon reduction engagement: Evidence from China," Journal of Business Research, Elsevier, vol. 104(C), pages 14-26.
    12. Phillips, Kerk L. & Kunrong, Shen, 2005. "What effect does the size of the state-owned sector have on regional growth in China?," Journal of Asian Economics, Elsevier, vol. 15(6), pages 1079-1102, January.
    13. Tao, Qizhi & Li, Haoyu & Wu, Qun & Zhang, Ting & Zhu, Yingjun, 2019. "The dark side of board network centrality: Evidence from merger performance," Journal of Business Research, Elsevier, vol. 104(C), pages 215-232.
    14. Nicholas Lardy, 2016. "The Changing Role of the Private Sector in China," RBA Annual Conference Volume (Discontinued), in: Iris Day & John Simon (ed.),Structural Change in China: Implications for Australia and the World, Reserve Bank of Australia.
    15. Jun Wang & Qihui Chen & Gang Chen & Yingxiang Li & Guoshu Kong & Chen Zhu, 2020. "What is creating the height premium? New evidence from a Mendelian randomization analysis in China," PLOS ONE, Public Library of Science, vol. 15(4), pages 1-20, April.
    16. Campiglio, Emanuele, 2016. "Beyond carbon pricing: The role of banking and monetary policy in financing the transition to a low-carbon economy," Ecological Economics, Elsevier, vol. 121(C), pages 220-230.
    17. Zhicheng Liang, 2006. "Financial Development And Income Distribution: A System Gmm Panel Analysis With Application To Urban China," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 31(2), pages 1-21, December.
    18. Pang, Ke & Siklos, Pierre L., 2016. "Macroeconomic consequences of the real-financial nexus: Imbalances and spillovers between China and the U.S," Journal of International Money and Finance, Elsevier, vol. 65(C), pages 195-212.
    19. Mukim,Megha & Zhu,Tingting Juni, 2015. "Empowering cities : good for growth ? evidence from China," Policy Research Working Paper Series 7193, The World Bank.
    20. Shan Xu & Duchi Liu & Jianbai Huang, 2015. "Corporate social responsibility, the cost of equity capital and ownership structure: An analysis of Chinese listed firms," Australian Journal of Management, Australian School of Business, vol. 40(2), pages 245-276, May.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iie:piiebs:piieb15-3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peterson Institute webmaster (email available below). General contact details of provider: https://edirc.repec.org/data/iieeeus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.