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China’s Structural Reforms and Implications for Northeast Asia

In: Reform, Opening-up and China's Changing Role in Global Governance

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  • Yuyan Zhang

    (Chinese Academy of Social Sciences)

Abstract

Chinese economy entered the New Normal since 2010. The economic growth rate started to slow down. A number of structural reforms have been implemented by Chinese government to echo the changed economic growth pattern and bring further impact to economic growth in middle and long run. This chapter reviews the factors that contribute to the slowing down of economic growth and summarizes the growing economic and social risks to discuss the necessity of the structural reforms. It then introduces the structural reforms implemented in China, discusses the value and challenges of regional economic integration and cooperation for China, with a special attention to the impact of international economic cooperation in northeast Asia on Northeastern China. The contribution of the chapter is that it analyzes the reality of economic and social problems of current stage in details, and illustrates the logic of international cooperation that China has been expecting, proposing and implementing.

Suggested Citation

  • Yuyan Zhang, 2021. "China’s Structural Reforms and Implications for Northeast Asia," Springer Books, in: Reform, Opening-up and China's Changing Role in Global Governance, chapter 0, pages 109-132, Springer.
    • Handle: RePEc:spr:sprchp:978-981-33-6025-9_5
    DOI: 10.1007/978-981-33-6025-9_5
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