Rising China: Global Challenges and Opportunities

Jane Golley, Ligang Song, Jane Golley, Ligang Song

• Publisher: ANU Press
• Year: 2011
• eBook ISBN: 9781921862298
• Edition: 1
• Topic: Economics
• Subtopic: Economic Theory
• Index: Economics

Where the last three decades of the 20th century witnessed a China rising on to the global economic stage, the first three decades of the 21st century are almost certain to bring with them the completion of that rise, not only in economic, but also political and geopolitical terms. China's integration into the global economy has brought one-fifth of the global population into the world trading system, which has increased global market potential and integration to an unprecedented level. The increased scale and depth of international specialisation propelled by an enlarged world market has offered new opportunities to boost world production, trade and consumption; with the potential for increasing the welfare of all the countries involved.

However, China's integration into the global economy has forced a worldwide reallocation of economic activities. This has increased various kinds of friction in China's trading and political relations with others, as well as generating several globally significant externalities. Finding ways to accommodate China's rise in a way that ensures the future stability and prosperity of the world economy and polity is probably the most important task facing the world community in the first half of the 21st century. The book delves into these issues to reflect upon the wide range of opportunities and challenges that have emerged in the context of a rising China.

Table of contents

• Preliminary
• Contributors
• Acknowledgments
• 1. China’s Rise in a Changing World
• 2. China’s Turbulent Half-Decade
• 3. Reform of the International Economic System: What does China want?
• 4 Why Does China Attempt to Internationalise the Renminbi?
• 5. The Technological Content of China’s Exports and the Need for Quality Upgrading
• 6. The Development of China’s FDI Laws and Policies after WTO Accession
• 7. Chinese Manufacturing Firms’ Overseas Direct Investment: Patterns, motivations and challenges
• 8. China’s Petroleum Predicament: Challenges and opportunities in Beijing’s search for energy security
• 9. Promoting Global Carbon Equity and Low-Carbon Growth: China’s role in combating global climate change
• 10. Chinese–US Economic Relations After the Global Financial Crisis
• 11. The Importance of Being Earnest in Defusing US–China Trade Tensions
• 12. Australia–China Economic Relations
• 13. Chinese Development Aid in Africa What, where, why, and how much?
• 14 Clash of the Titans Chinese and Indian growth compared
• 15. The Effects of Institutions on Migrant Wages in China and Indonesia
• 16. China’s Demographic Challenges from a Global Perspective
• 17. Population Ageing, Domestic Consumption and Future Economic Growth in China
• 18. The Route of Urbanisationin China from an International Perspective
• Index