China's Economy In 1998: Maintaining Growth And Staving Off The Asian Contagion

China's Economy In 1998: Maintaining Growth And Staving Off The Asian Contagion
Author: John Wong
Publisher: World Scientific
Total Pages: 48
Release: 1999-04-12
Genre: Business & Economics
ISBN: 9814494666

As the financial crisis swept the Asia-Pacific, China seemed to be the one economy in the region which had been left “largely unaffected” for various reasons, including its strong economic and financial fundamentals as well as its strong political will to defend the Renminbi, which had so far firmly stood the ground. However, China's economy ended 1998 with only 7.8% growth, slightly falling short of its officially pledged target of 8%. Though China in 1998 was still rated as the best-performing economy in the region, its economic growth momentum had visibly slowed down. The Asian contagion had finally caught up with China.It is not certain if the Chinese economy is entering a slower growth era though, in the short run, China can boost economic growth by expanding domestic demand. Slower economic growth for the country will have significant negative effects on its economic reform programmes and social stability.

Southeast Asia and the Rise of China

Southeast Asia and the Rise of China
Author: Ian Storey
Publisher: Routledge
Total Pages: 398
Release: 2013-08-21
Genre: History
ISBN: 1136722963

Since the early 1990s and the end of the Cold War, the implications of China's rising power have come to dominate the security agenda of the Asia-Pacific region. This book is the first to comprehensively chart the development of Southeast Asia’s relations with the People’s Republic of China (PRC) from 1949 to 2010, detailing each of the eleven countries’ ties to the PRC and showing how strategic concerns associated with China's regional posture have been a significant factor in shaping their foreign and defence policies. In addition to assessing bilateral ties, the book also examines the institutionalization of relations between the Association of Southeast Asian Nations (ASEAN) and China. The first part of the book covers the period 1949-2010: it examines Southeast Asian responses to the PRC in the context of the ideological and geopolitical rivalry of the Cold War; Southeast Asian countries’ policies towards the PRC in first decade of the post-Cold War era; and deepening ties between the ASEAN states and the PRC in the first decade of the twenty-first century. Part Two analyses the evolving relationships between the countries of mainland Southeast Asia - Vietnam, Thailand, Myanmar, Laos and Cambodia - and China. Part Three reviews ties between the states of maritime Southeast Asia - Indonesia, Malaysia, Singapore, the Philippines, Brunei and East Timor - and the PRC. Whilst the primary focus of the book is the security dimension of Southeast Asia-China relations, it also takes full account of political relations and the burgeoning economic ties between the two sides. This book is a timely contribution to the literature on the fast changing geopolitics of the Asia-Pacific region.

Towards More Effective Governance: China's Politics In 1998

Towards More Effective Governance: China's Politics In 1998
Author: Yongnian Zheng
Publisher: World Scientific
Total Pages: 44
Release: 1999-05-05
Genre: Business & Economics
ISBN: 9814494577

With the passing of the old generation of revolutionaries, China's politics is entering a new era that belongs to the Jiang Zemin-centered third generation of leadership. Will the new leadership be able to cope with the growing pressure and demand for further economic and political reform and meet challenges within and without the regime? This essay shows the reader what strategies Jiang Zemin and Zhu Rongji have employed to build a more efficient government to rule a country that is becoming increasingly difficult to govern.

Zhu Rongji And China's Economic Take-off

Zhu Rongji And China's Economic Take-off
Author: John Wong
Publisher: World Scientific
Total Pages: 347
Release: 2016-04-25
Genre: Business & Economics
ISBN: 1783268840

Following Deng Xiaoping's economic reform and opening (Gaige Kaifang) policy, China experienced unprecedented high growth for over three decades. Crucial in the process was the role of Zhu Rongji, who was hand-picked by Deng initially as Executive Vice-Premier and later full Premier to carry through the needed reform and manage the critical marketization process through the turbulent 1990s when China's economy suffered many ups and downs. Dubbed as China's 'Economic Czar', Zhu tackled many thorny problems associated with the country's then half-reformed economy ably and effectively, thereby laying the ground for subsequent periods of greater dynamic growth. Zhu was instrumental in preparing China's economy for its final take-off.The chapters in this volume were originally written as 'policy briefings' for the Singapore government from 1997 to 2003 when Zhu was Premier. They cover a wide variety of topics including how he had applied his own way of 'macroeconomic control' (Hongguan Tiaokong), how he went about reforming taxation, foreign exchange and state-owned enterprises, and finally his embrace of capitalism. Each chapter is preceded by a detailed introduction highlighting the main issues and interpreting them from today's perspective based on updated information and additional new research.

China's Politics and Economy in 1999

China's Politics and Economy in 1999
Author: Yongnian Zheng
Publisher: World Scientific
Total Pages: 60
Release: 2000
Genre: Business & Economics
ISBN: 9789810243029

What the Jiang Zemin leadership faced in 1999 can be characterized by a century-old Chinese saying, neiyou waihuan (literally, ?internal disturbance and external threat?). What with the worst growth record in a decade, the Falun Gong sect's siege of Zhongnanhai, Nato's bombing of the Chinese embassy in Yugoslavia, and Lee Teng-hui's new ?two-state? theory, the Chinese leadership was under tremendous pressure throughout the year. Many have wondered if that leadership could still hold its own at the turn of the century.This volume provides the reader with an in-depth analysis of how the Chinese leadership coped with the crises during the year. Though there was fair success in managing those crises, serious crises lie ahead which could significantly impact the leadership. China's economic slowdown may be bottoming out, but increasing Party decay, a growing spiritual vacuum, and volatile cross-strait relations are likely to pose serious threats to the leadership.

China's Politics And Economy In 1999: Coping With Crises

China's Politics And Economy In 1999: Coping With Crises
Author: John Wong
Publisher: World Scientific
Total Pages: 56
Release: 2000-03-30
Genre: Business & Economics
ISBN: 9814493104

What the Jiang Zemin leadership faced in 1999 can be characterized by a century-old Chinese saying, neiyou waihuan (literally, “internal disturbance and external threat”). What with the worst growth record in a decade, the Falun Gong sect's siege of Zhongnanhai, Nato's bombing of the Chinese embassy in Yugoslavia, and Lee Teng-hui's new “two-state” theory, the Chinese leadership was under tremendous pressure throughout the year. Many have wondered if that leadership could still hold its own at the turn of the century.This volume provides the reader with an in-depth analysis of how the Chinese leadership coped with the crises during the year. Though there was fair success in managing those crises, serious crises lie ahead which could significantly impact the leadership. China's economic slowdown may be bottoming out, but increasing Party decay, a growing spiritual vacuum, and volatile cross-strait relations are likely to pose serious threats to the leadership.

Chinese Foreign Investment Laws: Recent Developments Towards A Market Economy

Chinese Foreign Investment Laws: Recent Developments Towards A Market Economy
Author: Huaqun Zeng
Publisher: World Scientific
Total Pages: 47
Release: 1999-12-15
Genre: Business & Economics
ISBN: 9814493570

Since 1993, Chinese foreign investment laws (CFILs) have been moving towards the common principles of foreign investment laws in market economies.This volume summarises four features of the common principles and surveys four aspects of recent developments of CFILs towards these principles — namely, expanding the economic sectors for foreign direct investment (FDI), allowing multiple forms or types of FDI, granting national treatment of FDI step by step, and pursuing transparency of CFILs; and finally comments on the significance of recent developments of CFILs.The author points out that recent developments of CFILs towards a common approach have made great positive impacts on FDI to China, treatment of FDI in China and structural adjustment of CFILs.

China's Regional Economic Disparities Since 1978

China's Regional Economic Disparities Since 1978
Author: Xiaowen Tian
Publisher: World Scientific
Total Pages: 52
Release: 1999
Genre: Political Science
ISBN: 9789810241681

Prepared by the East Asian Institute, NUS, which promotes research on East Asian developments particularly the political, economic and social development of contemporary China (including Hong Kong and Taiwan), this series of research reports is intended for policy makers and readers who want to keep abreast of the latest developments in China. This study suggests that China should accelerate economic growth of its backward interior regions by deepening market-oriented reforms on the one hand, and by strengthening fiscal transfers from richer to poorer regions on the other.

Hong Kong In China: Perspectives From The Region

Hong Kong In China: Perspectives From The Region
Author: Andrew M Marton
Publisher: World Scientific
Total Pages: 142
Release: 1999-09-30
Genre: Political Science
ISBN: 9814494143

This book presents a unique array of insights into Hong Kong's transition to China since the 1 July 1997 handover, from several perspectives around the region. Scholars from China, Taiwan, Singapore, Indonesia, Malaysia, Thailand and New Zealand undertake an analysis and synthesis of particular regional viewpoints on the transfer of sovereignty. Each contribution is positioned in relation to the three interconnected themes of economic transformation, political and legal developments, and identity which run through the volume. The sometimes contradictory and provocative insights highlighted by the authors emphasize the inherent complexities of Hong Kong's transition and the range of alternative regional perspectives it engenders.

China's Politics and Economy in 2003

China's Politics and Economy in 2003
Author: John Wong
Publisher: World Scientific
Total Pages: 77
Release: 2003
Genre: Political Science
ISBN: 9812775455

With the new team of Chinese leaders at the helm following the successful hosting of the 16th Party Congress in November 2002, the attention of China''s scholars has now shifted to the raft of challenges that await the new leadership. In the economic realm, there is unlikely to be any sharp changes in the direction of economic policy-making although the leadership faces a number of daunting issues, such as rising urban unemployment, potential rural unrest and the huge debt burden of state banks.In the political arena, power succession has only just begun even though leadership transition is almost complete. Jiang Zemin remains highly influential in his capacity as Chairman of the Central Military Commission. It is however unclear how the working relationship among the triumvirate Hu Jintao, Zeng Qinghong and Wen Jiabao will unfold. The jury is still out whether Hu Jintao can provide the leadership and vision to deal head-on with a number of burning issues, like corruption and the need for political reform.