In 2020,China proposed a new development paradigm centered on domestic circulation with a"dual circulation"model in which domestic circulation and international circulation promote each other.This new paradi...In 2020,China proposed a new development paradigm centered on domestic circulation with a"dual circulation"model in which domestic circulation and international circulation promote each other.This new paradigm reflects a clear understanding of China's development trend that saw its share of exports in the GDP declining steadily since 2006.However,the new paradigm does not necessarily mean that China should change its past policy of fully utilizing domestic and international markets and resources in economic development.Because of large economies of scale in modern manufacturing sector,China should continue to make full use of international markets.展开更多
Three prominent features of the 14th Five-Year Plan China’s 14th Five-Year Plan(2021-2025)is important for two reasons.One is that it spans the first five years of China’s entrance into a new era of socialism with C...Three prominent features of the 14th Five-Year Plan China’s 14th Five-Year Plan(2021-2025)is important for two reasons.One is that it spans the first five years of China’s entrance into a new era of socialism with Chinese characteristics.The other is that it charts China’s endeavor to fully build a great modern socialist country by 2050,which is the ultimate goal of the two-step approach that underpins this plan,after achieving the first centenary goal of building a moderately prosperous society in all respects.展开更多
China's growth decelerated substantially after 2010. This paper argues that the main cause for the deceleration is external and cyclical, China has a potential growth rate of 8%, the economy has good investment op...China's growth decelerated substantially after 2010. This paper argues that the main cause for the deceleration is external and cyclical, China has a potential growth rate of 8%, the economy has good investment opportunities and resources, and China is likely to achieve a medium-high growth rate of around 6.5% in the coming years. The paper also examines the various structural reforms that can help China to release its growth potential and complete the transition to a well-functioning market economy.展开更多
This paper studies consumption and income poverty in rural China during the period from 1995 to 2018 using Chinese Household Income Project(CHIP)data.It finds that the wellbeing of Chinese rural residents has improved...This paper studies consumption and income poverty in rural China during the period from 1995 to 2018 using Chinese Household Income Project(CHIP)data.It finds that the wellbeing of Chinese rural residents has improved significantly during this period as part of China s rapid industrialization and economic growth.The incidence of poverty has fallen substantially,either measured in terms of income or consumption.However,consumption poverty is not consistent with income poverty.It was the substantial growth of consumption or income that brought about the sharp fall in poverty,whereas the redistribution of consumption or income in particular during the period from 2002 to 2018 was unfavorable for poverty reduction.A large number of rural household workers moved away from household farming to participate in local or urban non-farming activities,resulting in a fall in poverty in the households that engaged purely in farming,and economic growth led to a sharp fall in poverty within different rural household groups.展开更多
This year marks the 70th ann iversary of the founding of the People's Republic of China (PRC), which, under the leadership of the Communist Party of China (CPC) and the tireless efforts of the Chinese people, has ...This year marks the 70th ann iversary of the founding of the People's Republic of China (PRC), which, under the leadership of the Communist Party of China (CPC) and the tireless efforts of the Chinese people, has been transformed from a backward agrarian country into the world's second largest economy and biggest manufacturing powerhouse.展开更多
To deal with the novel coronavirus dis-ease(COVID-19)pandemic,over 170 economies formed a multilateral arrangement,known as the Covax Facility,in June to secure vaccines in a cost-effective,targeted way.
Policies must ensure accessibility and affordability for all Though COVID-19 triggered an exceptional crisis with unforeseen and shifting challenges, vaccine manufacturing and supply has seen unprecedented progress wo...Policies must ensure accessibility and affordability for all Though COVID-19 triggered an exceptional crisis with unforeseen and shifting challenges, vaccine manufacturing and supply has seen unprecedented progress worldwide in less than a year.展开更多
We live in fast-moving times and an increasingly interconnected world.Globalization has reached new heights in the 21st century.Together with new technology,it has brought enormous benefits to many,but these gains hav...We live in fast-moving times and an increasingly interconnected world.Globalization has reached new heights in the 21st century.Together with new technology,it has brought enormous benefits to many,but these gains have not been distributed evenly,which has been a source of discontent and the cause of recent backlashes against the very processes of globalization.Indeed,when about half of the展开更多
文摘In 2020,China proposed a new development paradigm centered on domestic circulation with a"dual circulation"model in which domestic circulation and international circulation promote each other.This new paradigm reflects a clear understanding of China's development trend that saw its share of exports in the GDP declining steadily since 2006.However,the new paradigm does not necessarily mean that China should change its past policy of fully utilizing domestic and international markets and resources in economic development.Because of large economies of scale in modern manufacturing sector,China should continue to make full use of international markets.
文摘Three prominent features of the 14th Five-Year Plan China’s 14th Five-Year Plan(2021-2025)is important for two reasons.One is that it spans the first five years of China’s entrance into a new era of socialism with Chinese characteristics.The other is that it charts China’s endeavor to fully build a great modern socialist country by 2050,which is the ultimate goal of the two-step approach that underpins this plan,after achieving the first centenary goal of building a moderately prosperous society in all respects.
文摘China's growth decelerated substantially after 2010. This paper argues that the main cause for the deceleration is external and cyclical, China has a potential growth rate of 8%, the economy has good investment opportunities and resources, and China is likely to achieve a medium-high growth rate of around 6.5% in the coming years. The paper also examines the various structural reforms that can help China to release its growth potential and complete the transition to a well-functioning market economy.
基金This paper was funded by the Major Research Project of National Social Sciences Foundation of China(Nos.19ZDA051 and 18ZDA080).
文摘This paper studies consumption and income poverty in rural China during the period from 1995 to 2018 using Chinese Household Income Project(CHIP)data.It finds that the wellbeing of Chinese rural residents has improved significantly during this period as part of China s rapid industrialization and economic growth.The incidence of poverty has fallen substantially,either measured in terms of income or consumption.However,consumption poverty is not consistent with income poverty.It was the substantial growth of consumption or income that brought about the sharp fall in poverty,whereas the redistribution of consumption or income in particular during the period from 2002 to 2018 was unfavorable for poverty reduction.A large number of rural household workers moved away from household farming to participate in local or urban non-farming activities,resulting in a fall in poverty in the households that engaged purely in farming,and economic growth led to a sharp fall in poverty within different rural household groups.
文摘This year marks the 70th ann iversary of the founding of the People's Republic of China (PRC), which, under the leadership of the Communist Party of China (CPC) and the tireless efforts of the Chinese people, has been transformed from a backward agrarian country into the world's second largest economy and biggest manufacturing powerhouse.
文摘To deal with the novel coronavirus dis-ease(COVID-19)pandemic,over 170 economies formed a multilateral arrangement,known as the Covax Facility,in June to secure vaccines in a cost-effective,targeted way.
文摘Policies must ensure accessibility and affordability for all Though COVID-19 triggered an exceptional crisis with unforeseen and shifting challenges, vaccine manufacturing and supply has seen unprecedented progress worldwide in less than a year.
文摘We live in fast-moving times and an increasingly interconnected world.Globalization has reached new heights in the 21st century.Together with new technology,it has brought enormous benefits to many,but these gains have not been distributed evenly,which has been a source of discontent and the cause of recent backlashes against the very processes of globalization.Indeed,when about half of the
