This book provides a detailed and up-to- date analysis of the current and near-future domestic economic situation in China based on the concept of “New Normal”, which was first proposed by Chinese President Xi Jinping and which is commonly used in discussions on China’s current economy. China’s New Normal is the result of the growing pressures on domestic resources, environmental restrictions, and unstable international economic recovery and characterized by a moderate economic increase, a proper increase in commodity pricing, stabilizing new employment and optimizing economic structure. The book argues that while China focuses on stability and quality in macro-control and enhancing reform and innovation, many contradictions and problems in economic operations are gradually being solved, therefore optimizing the economic structure. The book explores many aspects of China’s economic development under the “New Normal” while making analysis and policy suggestions for the present economic trends.
Table of Content
Economy of China Analysis.- Analysis and Policy Suggestions for Economic Trend in the Middle and Long Term.- Analysis of Macroeconomic Situation.- Analysis of the “Issues of Agriculture, Farmer and Rural Area” Situation.- Analysis and Policy Suggestion of the Current Industrial Economic Situation.- Consequences of the Labor Market Which Surpasses Growth Capability.- Economic Growth Is about to Bottom Out, Transformation and Upgrading Is still at a Critical Period.- The Influence of the Adjustment of Childbearing Policy on Potential Growth Rate.- The Trend and Characteristic of Our Economic Development under the New Normal.- Operation of Monetary Finance under the New Normal.- Analysis of China’s Foreign Trade Situation.- A Discussion on the Priority in Foreign Development in Transition.
About the author
Yang Li holds a BA in Economics, from Anhui University; MA in Economics, from Fudan University; Ph D in Economics, from Renmin University of China; Visiting scholar at Columbia University, America (1998-1999);He is a party member and Vice President of Chinese Academy of Social Sciences; Among the first to be elected as Member of the Chinese Academy of Social Sciences; Researcher and doctoral supervisor; Deputy to the 12th National People’s Congress, member of the Financial and Economic Committee of NPC; Vice President of China Postdoctoral Science Foundation; Member of the 3rd Monetary Policy Committee of People’s Bank of China; Awarded Academician of International Academy for Europe and Asia in 2011; Vice Chairman of the Chinese Monetary Society, Chinese Finance Society, China International Finance Society, China Urban Financial Society and China Marine Research Association; Awarded “Sun Yefang Prize of Economics Publication and Essay” for five times; Published 23 monographs and translations and over 400 essays; Chief Editor of six large-tomes of financial reference books.He is currently hosting over 40 international, national and ministry level research projects.Ping Lin is Director and Researcher of the Institute of Quantitative & Technical Economics, Chinese Academy of Social Sciences; Academic director and leader of technological economics; Key disciplinarian of Chinese Academy of Social Sciences; Professor of the Graduate School of Chinese Academy of Social Sciences; Doctoral supervisor; Director of Chinese Association of Quantitative Economics; Vice Director of Chinese Society of Technology Economics and Chinese Society of Regional Economics; Dedicated in the research on technology economy and industrial economy; Is currently hosting and participating in many research projects on national key economic issues including macro-economic prediction, such as “The Characteristics of China’s Economic Development at Different Stages and the Selection of Pillar Industries (1996-2050)” and “China’s Energy Development Strategy (2000-2050)”; participating in the feasibility research and project demonstration of some national cross-century key projects, such as “Three Gorges Project”, “South-to-North Water Diversion Project” and “Beijing-Shanghai High Speed Railway Project”; Expert of the National South-to-North Water Diversion Project Jury; Drafting the overall inspecting report for South-to-North Water Diversion Project; Expert of the National Beijing-Shanghai High-Speed Railway Assessment Panel; Representative for works including Regional and Macro Economic Influence Analysis of Outsize Investment Project, Green Transformation of China’s Industry and Research on Industrial Structural Adjustment, and Optimization and Upgrading in the Twelfth Five-Year Plan Period, etc.
Xuesong Li holds a Ph D in Economics; Vice Director and Researcher of the Institute of Quantitative & Technical Economics, Chinese Academy of Social Sciences; doctoral supervisor; Vice Director of Chinese Association of Quantitative Economics; Visiting fellow at Bureau for Economic Policy Analysis in Netherlands and the Economic Department of University of Chicago; Main research fields include analysis and prediction of economic situation and macro and micro effect evaluation of economic policy; Published over one hundred essays in Social Sciences in China, Economic Research, The Journal of Quantitative & Technical Economics, and People’s Daily (Theoretical Version), etc.; Edited books and co-edited books including China’s Accession to WTO and China’s Economic Prospect, Macro Economic Effect and Prospect Analysis, The Report of Economic Policies and Simulations, Advanced Econometrics, Research and Application of Quantitative Economics, Frontier Methods, and Empirical Analyses in Quantitative Economics, etc; Awarded the Teaching Excellence Prize; Chinese Academy of Social Sciences Research Excellence Prize; Chinese Academy of Social Sciences Excellent Strategy Information Prize and Sun Yefang Economic Science Prize; Nominated for the national-level talents in the “New Century Talents Project” and an expert entitled to Government Special Allowance (GSA).
Ping Zhang is Vice Director and Researcher for the Institute of Economics, Chinese Academy of Social Sciences; Professor of the Graduate School of Chinese Academy of Social Sciences; Doctoral supervisor; Currently Working for the Institute of Economics, Chinese Academy of Social Sciences from 1988 to the present; Hosted and participated in international cooperation with World Bank, Asian Development Bank and World Federation of Trade Unions; Hosted Key Biding Project in Social Science Foundation, Key Project in the Chinese Academy of Social Sciences and national projects for two times; Main research fields include China’s economic growth, macro policy and income distribution; Awarded Sun Yefang Economic Science Prize for co-authored books for three times; his independently-authored book, Increase and Sharing and co-authored book, China Economic Growth Frontier was awarded Chinese Academy of Social Sciences Monograph Second Prize; National-level candidate for “New Century Talents Project” of the Ministry of Human Resources and Social Security in 2009; Awarded special government allowance by the State Council for making outstanding contributions to China’s social science research in 2011.
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