Text

The evolving role of China in the global economy

---

Title from title screen.Experts analyze four factors in China's economic growth: exchange rate policy, savings and investments, monetary policy, and foreign direct investments. China is now the world's second largest economy and may soon overtake the United States as the world's largest. Despite its adoption of some free-market principles, China considers itself a "socialist-market economy," suggesting that the government still plays a major role in the country's economic development. This book offers a systematic analysis of four factors in China's rapid economic growth: exchange rate policy, savings and investment, monetary policy and capital controls, and foreign direct investment (FDI). Contributors offer fresh perspectives on the undervaluation of the renminbi, the dollar peg, and China's macroeconomic relationships with the rest of the world. They review factors shaping China's saving dynamics and analyze the growth of the private sector despite limited access to external finance. They examine the monetary policy independence of the People's Bank of China, offshore markets for China's currency, and the effectiveness of China's capital controls. Finally, they consider Chinese FDI in terms of China's growing demand for energy and raw materials, exploring the factors that drive China's FDI in the conventional oil-producing countries and in Africa.OCLC-licensed vendor bibliographic record.

---

Availability

No copy data

Detail Information

Series Title

-

Call Number

-

Publisher

Cambridge, Mass. : : MIT Press,., 2013.

Collation

1 online resource (xiv, 457 pages) :illustrations.

Language

English

ISBN/ISSN

9780262305860

Classification

NONE

Content Type

text

Media Type

computer

Carrier Type

online resource

Edition

-

Subject(s)

Finance
China

Specific Detail Info

-

Statement of Responsibility

[edited by] Yin-Wong Cheung, Jakob de Haan.

Other Information

Cataloger

Rudy k

Source

-

Validator

-

Digital Object Identifier (DOI)

https://direct.mit.edu/books/edited-volume/2165/The-Evolving-Role-of-China-in-the-Global-Economy

Journal Volume

-

Journal Issue

-

Subtitle

-

Parallel Title

-

Other version/related

File Attachment

Comments

---

You must be logged in to post a comment