Navigating Choppy Waters
China'S Economic Decisionmaking at a Time of Transition
1st Edition
Published on 2. April 2015
118 pages
978-1-4422-4079-7 (ISBN)
Description
China faces increasing economic headwinds that call into question not only its near-term growth outlook but the longer-term sustainability of its economic success. At a time of leadership transition in Beijing, global markets and policymakers alike are casting an anxious eye on China's economic decisionmakers and wondering whether they have the plans, skills, and fortitude to cope with these challenges. There is a rising premium on understanding how Chinese economic policy decisions are made, whether the emerging cadre of policymakers has the wherewithal to navigate the more turbulent waters ahead, and what the implications are for U.S. foreign and economic policy.
More details
Edition
1. Auflage
Language
English
Place of publication
New York
United States
ISBN-13
978-1-4422-4079-7 (9781442240797)
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Schweitzer Classification
Other editions
Additional editions
Matthew P. Goodman | David A. Parker
Navigating Choppy Waters
China's Economic Decisionmaking at a Time of Transition
Book
04/2015
Centre for Strategic & International Studies,U.S.
€63.80
Shipment within 10-20 days
Persons
Matthew P. Goodman is senior adviser for Asia economics and holds the William E. Simon Chair in Political Economy at CSIS. David A. Parker is a research associate with the Simon Chair at CSIS.
Content
- Navigating Choppy Waters
- Contents
- List of Acronyms
- Acknowledgments
- Executive Summary
- 1. Introduction: China's New Economic Navigators
- 2. China's Economy at an Inflection Point
- The Chinese Economic Miracle
- The Need for a New Growth Model
- The Third Plenum Reform Agenda
- 3. China's Economic Policymaking Apparatus
- The Communist Party
- The State Council
- Operational Consequences
- Structural Changes under Xi Jinping
- 4. Traditional Characteristics of Chinese Economic Policymaking
- Coordination Challenges
- Center-Local Relations
- Experimentation
- External Pressure
- 5. Decisionmaking in the Financial Sector
- Introduction
- The Evolution of China's Financial System
- China's Financial Regulatory Institutions
- Case Studies
- The Xi Administration's Approach to Financial Reform
- 6. Assessing Policymaking under Xi Jinping
- Centralized Economic Decisionmaking
- Fragmented Policy Implementation
- Comprehensive, Inconclusive
- 7. Implications for Chinese Economic Reform
- China's Economic Challenges and the Imperative of Reform
- Implications of the Xi Administration's Policymaking Style
- Obstacles to Successful Implementation
- Progress Likely, but Risks Abound
- 8. Recommendations for the U.S. Government
- Engaging with China
- Organizing the U.S. Government
- Appendix I: The Comprehensively Deepening Reform Leading Small Group
- Appendix II: The Central Finance and Economics Leading Small Group
- Appendix III: China's Formal Government Structure
- Appendix IV: Major Regular Events in the CCP Political Cycle and the National Five-Year Plan
- Appendix V: Key Meetings in China's Policymaking Calendar
- About the Authors
