The Sage Handbook of the Chinese Economy

Ronald M. Schramm

• Publisher: SAGE Publications Ltd
• Year: 2026
• Print ISBN:
  9781529681482
• Edition: 1
• eBook ISBN:
  9781036239145
• Topic: Economics
• Subtopic: Economic Theory
• Index: Economics

The Sage Handbook of the Chinese Economy is a comprehensive resource that delves into the complexities of China?s economic and financial systems. Bringing together some of the world's leading scholars, this handbook brings both depth and breadth to our understanding of China. It examines specific industries and issues, ranging from real estate to total factor productivity, while also covering China's domestic economy and its global impact.

China?s tremendous economic progress over the past five decades is well known, but understanding whether this growth can continue requires a deeper look beyond the headlines. This handbook aims to "look under the hood" at specific industries and sectors to better understand the accomplishments and impediments to sustainable growth. At a time when China is experiencing significant economic challenges, including supply constraints, demand declines, and frayed trade relations, this volume offers insights into the direction China might take as it navigates these issues.

The handbook is organized into five key sections. The section on key industries provides the "state-of-play" in critical sectors, highlighting how industries are transforming in response to global forces, government policies, innovation, and competition. The financial markets section examines the government?s dominant role and the opportunities for improving capital allocation to promote future growth. The section on human capital addresses the challenges of a shrinking labor force and the urban/rural divide, while the macroeconomics section explores the unique challenges of managing China?s segmented economy. Finally, the section on China and the globe presents a picture of China?s significant global presence and the potential future developments in its international economic relations.

The Sage Handbook of the Chinese Economy is an essential guide for scholars, practitioners, and students seeking to understand the intricacies of China?s economy. It provides a comprehensive and nuanced exploration of the field, equipping readers to engage with the theoretical and practical aspects of China?s economic landscape.

Part 1: Key Industries
Part 2: Financial Markets
Part 3: Human Capital
Part 4: Macroeconomics
Part 5: China and the Globe

 

Table of contents

• Cover
• Half Title
• Series
• Title Page
• Copyright Page
• Illustration List
• Notes on Editors and Contributors
• Acknowledgments
• Introduction
• 1 The State of China’s Urban Housing Markets
• 2 Agricultural Growth, Transformation, and Policies in China
• 3 The Rise of the Digital Economy: A New Growth Engine for China’s Service Sector
• 4 The Energy Sector With Implications for the Environment
• 5 Institutional Sclerosis of Chinese Semiconductor Industry: Temporal, Structural, and Evolutionary Appraisal
• 6 State-Owned Enterprises and Privately Owned Enterprises in China
• 7 A Comparative Perspective on China’s Flow of Funds: Banks, Bonds, Equity Markets, and Alternative Finance1
• 8 Shadow Banking and Interest Rate Reform
• 9 Entrepreneurial Finance
• 10 Capital Budgeting and the Cost of Capital in China
• 11 Key Elements of the Regulatory Framework (People’s Bank of China (PBC), SAFE, National Financial Regulatory Commission, and CSRC)
• 12 Human Resources: Demographics, Human Capital, Labor Markets, and Labor Unions1
• 13 Reforming China’s Social Welfare System: Addressing Disparities and Embracing Change
• 14 Inequality and Poverty in China
• 15 Digital Inclusive Finance and Urban-Rural Income Gap Reduction
• 16 The Role of Government: Economic Planning and Political Economy
• 17 Fiscal Policy and Public Finance
• 18 China’s Consumption and Saving Puzzle Explained
• 19 The Declining China’s GDP Growth Rate and Secular Stagnation
• 20 China’s Monetary Policy: Goals, Tools, and Key Interest Rates
• 21 Data Quality and Macroeconomics: Three Key Series and Social Welfare
• 22 Balance of Payments, Exchange Rate, and Foreign Exchange Reserves
• 23 Exchange Rate Policy
• 24 Foreign Direct Investment in China
• 25 Is China an Immature Creditor? Implications for Debt Sustainability
• 26 China Brands: Economic Impact of Global Branding in the Future
• 27 Economic Cooperation: The Belt and Road Initiative1
• 28 China’s Financing: The World, Africa and Kenya – The Standard Gauge Railway with Real Options
• Index