
Navigating Choppy Waters
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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
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