China's Domestic Transformation in a Global Context

China's Domestic Transformation in a Global Context


Ligang Song, Ross Garnaut, Cai Fang, Lauren Johnston
Paperback | 466 pages
176 x 250mm
Publication date
01 Jul 2015
Anu Press
Publication City/Country
Canberra, Australia


phrase 'New Normal' captures the ongoing shift in the pattern and drivers of
China's economic growth. China's new growth rate is both slower and imposing
difficult structural change. These new economic conditions are challenging
yet offer opportunities for China and its economic partners. Reforms must be
deepened but also make growth more inclusive and environmentally sustainable,
over this decade and beyond.

This year's Update offers both global context and domestic insight into
this challenging new phase of China's domestic economic transformation. How
are policymakers elevating migrant workers concurrent with increasing
consumption? Is China's government spending enough on education and R&D
to ensure it can achieve its aspirations to ascend the global manufacturing
value chain and avoid the middle-income trap? Are energy market reforms
reducing or increasing the price of gas and electricity in China? What are
the consequences of China's financial reforms and expanding Renminbi trading
for foreign banks? What does China's new growth model mean for the
international resources economy and for Africa? Do SOEs face market
conditions and are they dominating China's fast-rising outbound investment?
What is China's strategy for navigating fragmented international trade policy

Download Chinas domestic transformation global context ligang song (9781925022681).pdf, available at for free.

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