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oapen-20.500.12657-335592021-04-30T08:31:59Z China: New Engine of World Growth Garnaut, Ross Song, Ligang economics economic growth china Foreign direct investment Gross domestic product State-owned enterprise bic Book Industry Communication::1 Geographical Qualifiers::1F Asia::1FP East Asia, Far East::1FPC China bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCG Economic growth Twenty-five years of reform have transformed China from a centrally planned and closed system to a predominantly market-driven and open economy. As a consequence, China is emerging as the new powerhouse for the world economy. China: new engine for world growth discusses the impact and significance of this transformation. It points out risks to the growth process and unfinished tasks of reform. It presents conclusions from recent research on growth, trade and investment, the financial sector, income and regional disparities, industrial location and private sector development. Ross Garnaut is a Professor of Economics in the Research School of Pacific and Asian Studies, and Chairman of the China Economy and Business Program at The Australian National University. He was Australia’s Ambassador to China in the 1980s. Ligang Song is a Fellow in the Asia Pacific School of Economics and Government, and Director of the China Economy and Business Program at The Australian National University. 2013-11-19 00:00:00 2020-04-01T14:50:47Z 2020-04-01T14:50:47Z 2012 book 459889 OCN: 863064926 http://library.oapen.org/handle/20.500.12657/33559 eng application/pdf n/a 459889.pdf http://epress.anu.edu.au/titles/china-new-engine-of-world-growth ANU Press 10.26530/OAPEN_459889 10.26530/OAPEN_459889 ddc8cc3f-dd57-40ef-b8d5-06f839686b71 Canberra open access
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Twenty-five years of reform have transformed China from a centrally planned and closed system to a predominantly market-driven and open economy. As a consequence, China is emerging as the new powerhouse for the world economy. China: new engine for world growth discusses the impact and significance of this transformation. It points out risks to the growth process and unfinished tasks of reform. It presents conclusions from recent research on growth, trade and investment, the financial sector, income and regional disparities, industrial location and private sector development. Ross Garnaut is a Professor of Economics in the Research School of Pacific and Asian Studies, and Chairman of the China Economy and Business Program at The Australian National University. He was Australia’s Ambassador to China in the 1980s.
Ligang Song is a Fellow in the Asia Pacific School of Economics and Government, and Director of the China Economy and Business Program at The Australian National University.
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