Mao's twin political-cum-economic development models did not evolve alone from the internal environment. Rather they were historically constructed in relation to the developments in the Sino-US and Sino-USSR relations. This work traces the complex role that these relations had in the formation of Mao's worldview of the West and the Soviet Union as a hostile international environment. The author looks at the intricate interactions between China and each of the twin superpowers (or both in unison), Mao's leadership and the masses, and his development model during his time as well as the post-Mao's development model he created (in a favourable international environment starting) in 1971. The book seeks to explain how political, economic, and cultural changes were produced through various processes of interactions, whether (the Great Leap Forward), the Cultural Revolution, (the present on-going) modernization revolution, trade, or global participation.
"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.
Kissinger’s dual-purpose instrument of the US-China and US-Soviet détente was devised to achieve a stable balance of power in the contemporary world in the second half of the 1960s. Stimulated by both Kissinger’s doctrine and the historical novel, the Romance of the Three Kingdoms, Mao’s global order of tripolarity was created to feature the new US-China relations in the early 1970s with his initiative of the ping-pong diplomacy through this Kissinger-Mao axis. This made his quest for a modernization revolution possible with the Western market oriented approach. Strengthening Mao’s modernization program, Xiaoping’s “good-neighborhood” policy was designed to induce the world to help modernize China. Vitally including Russia with the collapse of the Soviet Union, Deng’s policy helped maintain a peaceful and stable international environment, though it also marked the end of Mao’s global order. Perceiving the PRC’s rise as a threat to its dominance in the Asia Pacific region, the US containment effort was enhanced with US-Japanese collusion and siding with the Philippines and Vietnam in relevant maritime disputes with the PRC. The US united with the Republic of Korea, nations in Southeast Asia, and Australia in establishing a wide-range alliance to go against the “China threat.” The post-Cold War, eastward expansion of the US-led NATO and the Russian determination to be a great power again, contributed to tension with the United States. The Russian desire to maintain its nuclear deterrent capability was at odds with the US missile defense plans. Thus, the US deployment of its missile shield in Eastern Europe as part of its strategic configuration in Alaska and the Far East was to contain Russia from both the Far East and Europe.
A History of Design Institutes in China examines the intricate relationship between design institutes, the state, and, in later periods, the market economy through a carefully situated discussion of significant theoretical and historical issues including socialist utopia, collective and individual design, structural transformation, and architectural exportation, amongst others. It shows how, over the past six decades, China’s design institutes have served the state’s strategy for socialist construction and urbanisation to create socioeconomic and cultural value. Through first-hand research, authors Xue and Ding reveal how the tensions between pragmatism, creativity, collaboration, and resistance have played a crucial role in defining architectural production. Appealing to academics, researchers, and graduate students, this book provides a much-needed contribution to the discourse on architectural history, building practices, and policymaking in contemporary China.
Mao's twin political-cum-economic development models did not evolve alone from the internal environment. Rather they were historically constructed in relation to the developments in the Sino-US and Sino-USSR relations. This work traces the complex role that these relations had in the formation of Mao's worldview of the West and the Soviet Union as a hostile international environment. The author looks at the intricate interactions between China and each of the twin superpowers (or both in unison), Mao's leadership and the masses, and his development model during his time as well as the post-Mao's development model he created (in a favourable international environment starting) in 1971. The book seeks to explain how political, economic, and cultural changes were produced through various processes of interactions, whether (the Great Leap Forward), the Cultural Revolution, (the present on-going) modernization revolution, trade, or global participation.
The rise of China is ever-present in debates on globalisation and ongoing power shifts. In a time of rising international tensions, understanding the interdependencies between China's course and the world economy is ever more important. Often, the economic reforms under Deng Xiaoping after 1978 are emphasised. They initiated dramatic changes in China's economy and contributed to its ascent as a world power. In contrast, less attention has been given to the context in which these reforms were implemented. Philippe Lionnet analyses important adjustments in China's agricultural, industrial and foreign trade policies in the course of the 1970s as well as their origins. He shows how policy experiments and their limits shaped the path of the socialist state.
Prior to the initiation of economic reforms and trade liberalization 36 years ago, China maintained policies that kept the economy very poor, stagnant, centrally-controlled, vastly inefficient, and relatively isolated from the global economy. Since opening up to foreign trade and investment and implementing free market reforms in 1979, China has been among the world's fastest-growing economies, with real annual gross domestic product (GDP) growth averaging nearly 10% through 2016. In recent years, China has emerged as a major global economic power. It is now the world's largest economy (on a purchasing power parity basis), manufacturer, merchandise trader, and holder of foreign exchange reserves.The global economic crisis that began in 2008 greatly affected China's economy. China's exports, imports, and foreign direct investment (FDI) inflows declined, GDP growth slowed, and millions of Chinese workers reportedly lost their jobs. The Chinese government responded by implementing a $586 billion economic stimulus package and loosening monetary policies to increase bank lending. Such policies enabled China to effectively weather the effects of the sharp global fall in demand for Chinese products, but may have contributed to overcapacity in several industries and increased debt by Chinese firms and local government. China's economy has slowed in recent years. Real GDP growth has slowed in each of the past six years, dropping from 10.6% in 2010 to 6.7% in 2016, and is projected to slow to 5.7% by 2022.The Chinese government has attempted to steer the economy to a "new normal" of slower, but more stable and sustainable, economic growth. Yet, concerns have deepened in recent years over the health of the Chinese economy. On August 11, 2015, the Chinese government announced that the daily reference rate of the renminbi (RMB) would become more "market-oriented." Over the next three days, the RMB depreciated against the dollar and led to charges that China's goal was to boost exports to help stimulate the economy (which some suspect is in worse shape than indicated by official Chinese economic statistics). Concerns over the state of the Chinese economy appear to have often contributed to volatility in global stock indexes in recent years.The ability of China to maintain a rapidly growing economy in the long run will likely depend largely on the ability of the Chinese government to implement comprehensive economic reforms that more quickly hasten China's transition to a free market economy; rebalance the Chinese economy by making consumer demand, rather than exporting and fixed investment, the main engine of economic growth; boost productivity and innovation; address growing income disparities; and enhance environmental protection. The Chinese government has acknowledged that its current economic growth model needs to be altered and has announced several initiatives to address various economic challenges. In November 2013, the Communist Party of China held the Third Plenum of its 18th Party Congress, which outlined a number of broad policy reforms to boost competition and economic efficiency. For example, the communique stated that the market would now play a "decisive" role in allocating resources in the economy. At the same time, however, the communique emphasized the continued important role of the state sector in China's economy. In addition, many foreign firms have complained that the business climate in China has worsened in recent years. Thus, it remains unclear how committed the Chinese government is to implementing new comprehensive economic reforms.China's economic rise has significant implications for the United States and hence is of major interest to Congress. This report provides background on China's economic rise; describes its current economic structure; identifies the challenges China faces to maintain economic growth; and discusses the challenges, opportunities, and implications of China's economic rise.
How will China reform its economy as it aspires to become the next economic superpower? It's clear that China is the world's next economic superpower. But what isn't so clear is how China will get there by the middle of this century. It now faces tremendous challenges such as fostering innovation, dealing with ageing problem and coping with a less accommodative global environment. In this book, economists from China's leading university and America's best-known think tank offer in depth analyses of these challenges. Does China have enough talent and right policy and institutional mix to transit from input-driven to innovation-driven economy? What does ageing mean, in terms of labor supply, consumption demand and social welfare expenditure? Can China contain the environmental and climate change risks? How should the financial system be transformed in order to continuously support economic growth and keep financial risks under control? What fiscal reforms are required in order to balance between economic efficiency and social harmony? What roles should the state-owned enterprises play in the future Chinese economy? In addition, how will technological competition between the United States and China affect each country's development? Will the Chinese yuan emerge as a major reserve currency, and would this destabilize the international financial system? What will be China's role in the international economic institutions? And will the United States and other established powers accept a growing role for China and the rest of the developing world in the governance of global institutions such as the World Trade Organization and the International Monetary Fund, or will the world devolve into competing blocs? This book provides unique insights into independent analyses and policy recommendations by a group of top Chinese and American scholars. Whether China succeeds or fails in economic reform will have a large impact, not just on China's development, but also on stability and prosperity for the whole world.
Over the past decade, China has built 25,000 km of dedicated highspeed railway—more than the rest of the world combined. What can we learn from this remarkable experience? China’s High-Speed Rail Development examines the Chinese experience to draw lessons for countries considering investing in high-speed rail. The report scrutinizes the planning and delivery mechanisms that enabled the rapid construction of the high-speed rail system. It highlights the role of long-term planning, consistent plan execution, and a joint venture structure that ensures active participation of provincial and local governments in project planning and financing. Traffic on China’s high-speed trains has grown to 1.7 billion passengers a year. The study examines the characteristics of the markets for which high-speed rail is competitive in China. It discusses the pricing and service design considerations that go into making high-speed rail services competitive with other modes and factors such as good urban connectivity that make the service attractive to customers. One of the most remarkable aspects of the Chinese experience is the rapid pace of high-quality construction. The report looks at the role of strong capacity development within and cooperation among China Railway Corporation, rail manufacturers, universities, research institutions, laboratories, and engineering centers that allowed for rapid technological advancement and localization of technology. It describes the project delivery structures and incentives for delivering quality and timely results. Finally, the report analyzes the financial and economic sustainability of the investment in high-speed rail. It finds that a developing country can price high-speed rail services affordably and still achieve financial viability, but this requires very high passenger density. Economic viability similarly depends on high passenger density.
