This volume is a report by leading international economic experts on China's economic priorities in the coming years. From various aspects of the domestic and foreign situation, China has now reached a critical juncture in its economic development. Unless China is able to overcome the difficulties in undertaking further reforms in the next ten years, China would be caught in the middle-income trap and be unable to become a modern country. The future course of China's economic development is also of great concern to the rest of the world because the socio-political-economic conditions in China will have significant impact on global economic prosperity and on global political harmony.The book is a product of close collaboration between the School of Economics at Fudan University and the Earth Institute at Columbia University. They cover a new paradigm for growth, short-term demand management, institutional reforms for middle-term growth, and strengthening the fundamentals for long-term growth.
A New Economic Growth Engine for the 21st Century: Change Out not Scale Up the Present Policy Regime: How to Prevent China from Falling into the Middle-Income Trap (Wing Thye Woo); Short-Term Demand Management: Working the Hardware Correctly: A Prediction of China's Economy in 2012: Soft Landing and Back to the Normal (Gang Fan and Liping He); Rebalancing the Chinese Economy (Yongding Yu); The Long-run Growth and Short-run Fluctuations of the Chinese Economy (Zhigang Yuan and Yuxin Yu); Institutional Reforms for Middle-Term Growth: Upgrading the Hardware and Software: Reforming China's Public Pension System: A Perspective on Aging, Urbanization and Globalization (Lixin He and Jin Feng); Government, Market and Central-Local Relations: Unraveling the Gridlock on Fiscal Reform in China (Yan Zhang); The Reform Agenda to Develop China's Financial Sector (Liqing Zhang and Xiaofen Tan); On Regional and Inter-Household Inequality in China (Guanghua Wang, Jingjing Ye and Juzhong Zhuang); Strengthening the Long-Term Growth Fundamentals: Sustaining the Power Supply: Ensuring Efficiency and Equality in China's Urbanization and Regional Development Strategy (Zhao Chen and Ming Lu); Predicting the Energy Security and Climate Change Situation for China in the Mid-Century (Klaus Lackner and Sarah Brennan); The Sustainability of Water Resources in China (Upmanu Lall and Ximing Cai).