DeepDyve eBooks - A New Era

International Mismatch of Economic Cycle, Supply-Side Reform and Medium- and High-Speed Growth of Chinese Economy

Wang, Hongju; Wang, Chuan

Pages: 1 –30

[The Chinese economy entered the “new normal” in 2015 and China successfully fended off the financial risks through the flexible use of monetary and financial policies. More effective fiscal policies were adopted, the economic growth slowed down steadily and Chinese economy realized soft landing....

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Roles of Chinese Regions in Global Value Chains and Their Changes

Ni, Hongfu; Xia, Jiechang

Pages: 31 –57

[Not only has the division of labor system in global value chains developed extensively between countries, but it also has spread into individual countries in the form of domestic value chains. This is particularly significant in the case of China that is vast in territory and rich in natural...

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Why China’s Gini Coefficient Has Been Falling?

Yang, Tianyu; Cao, Zhinan

Pages: 59 –82

[By decomposing the Gini coefficient and the Gini coefficient differences by income source, this chapter tries to explore the reasons why the Gini coefficient has been falling in recent years in China. The chapter’s analytical framework consists of two parts. The first is to decompose the Gini...

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China’s Leverage Ratio and Systemic Financial Risk Prevention

Ma, Jiantang; Dong, Xiaojun; Shi, Hongxiu; Xu, Jie; Ma, Xiaofang

Pages: 83 –111

[The leverage ratio of non-financial businesses and the government sector in China has been on the rise since the outbreak of the global financial crisis. China’s leverage ratios are not high compared with those in developed countries but substantial implicit liabilities and fast growth of debt...

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A Study of the Monetary Policy Framework with Mutually Supportive Price- and Quantity-Based Tools

Yan, Xiandong; Zhang, Yantao

Pages: 113 –135

[After the world financial crisis in 2008, the use of quantity- and price-based tools for regulative purposes under certain circumstances has been a choice by many central banks. Even after the monetary policy reverts to the normal state, some countries have started to lay emphasis upon the...

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Does the Upgrading of Industrial Structure Mean Service Sector Is More Important?

Qu, Shenning; Lyu, Tie

Pages: 137 –154

[With China’s service industry gradually overtaking manufacturing to become the largest sector of the economy, there are growing calls for stepped-up efforts to develop this “pillar industry.” However, this view is largely based on the traditional economic thought on industrial structure. In the...

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How Does Land Finance Affect Economic Growth in China?

Yue, Shumin; Lu, Yi

Pages: 155 –173

[Land finance, as the local governments’ policy to collect revenue in China, is considered to be related with the economic growth. In recent years, whether land finance is contributing to economic growth and how land finance affects economic growth have been attracting more and more attention of...

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Does Urban Sprawl Aggravate Smog Pollution?

Qin, Meng; Liu, Xiuyan; Tong, Yiting

Pages: 175 –201

[In recent years, smog has frequently hit many parts of China, arousing widespread concerns. Our conjecture is that urban spatial structures have an impact on the generation of smog. In this chapter, we have calculated the sprawl index of cities in China using ground-level PM2.5 concentration...

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Regulatory Governance, Public Appeal, and Environmental Pollution

Han, Chao; Zhang, Weiguang; Shan, Shuang

Pages: 203 –236

[In this chapter, the effects of environmental regulation are classified into the following categories: the main effect, neighborhood effect, direct effect, and indirect effect. On this basis, the authors studied the modes of environmental governance in China. The results of the study suggest...

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Will Environmental Regulation Help Reduce Pollution and Improve Efficiency?

Qi, Yu; Lu, Hongyou; Zhang, Ningchuan

Pages: 237 –268

[In the face of heavy pressure for both steady growth and pollution control, it is very important that we reduce pollution and improve efficiency at the same time with environmental regulations. This chapter, for the first time, uses the State Council’s 2003 air quality control program with set...

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A New Era

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A New Era

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