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The Challenges of China's Economic Reform: State Enterprise Reform and Financial LiberalizationZhou, Haoming 12 1900 (has links)
This thesis examines China's state-owned enterprise reform and financial reform in the last two decades. I characterize the progress of China's state-owned enterprises reform in two areas: privatization of small SOEs and mass layoffs. I argue that privatization rests on the political economy of China. I also discuss the evolution of the financial system and come up with some strategies of financial liberalization in China. Result from this study suggests that if the necessary reforms of the financial sector and state enterprises are effectively carried out, inevitably this will lead to a significantly slower rate of growth for a period of time. However, these reforms will provide the basis for a period of sustained growth in the long run.
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U.S. - China Bilateral Trade 1972 - 1992Zhang, Jianxin 08 1900 (has links)
The main task of this thesis is to investigate economic implications of U.S.- China trade. The study period covers from 1972 to 1992. Data are available from International Financial Statistics, Survey of Current Business, Statistical Yearbook of P.R.China. Various hypotheses are employed to explain the basis and gain of trade, the impact of trade on both economies, and the major determinants of bilateral trade flows. This thesis contains five parts: I. Introduction; II. Outlook; III. Theoretical Analysis; IV. Empirical Study; and V. Conclusion. The major findings of this thesis are that both countries have gained advantages from trade and have also faced some unpleasant problems; several widely recognized theories serve as good approaches to understand these issues; the time series distributed lag models are helpful in explaining the determinants of trade flows.
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Income distribution and the contribution of rural industry in rural Sichuan.January 1995 (has links)
Wu Kaihang. / Thesis (M.Phil.)--Chinese University of Hong Kong, 1995. / Includes bibliographical references (leaves 112-117). / ABSTRACT / ACKNOWLEDGMENT / Chapter Chapter 1. --- Introduction --- p.1 / Chapter 1.1 --- Background and Aims of Study --- p.1 / Chapter 1.2 --- The Data Set --- p.4 / Chapter 1.3 --- Sichuan:An Introduction --- p.4 / Chapter Chapter 2 --- Literature Review --- p.19 / Chapter 2.1 --- Overall Income Distribution in Rural China --- p.19 / Chapter 2.1a --- Income concepts --- p.19 / Chapter 2.1b --- Inequality and Polarization --- p.23 / Chapter 2.2 --- Sources of Inequality --- p.24 / Chapter Chapter 3 --- Equivalence Scales of Sichuan --- p.27 / Chapter 3.1 --- The Theoretical Framework --- p.27 / Chapter 3.2 --- Estimation of the Engel Model --- p.31 / Chapter 3.3 --- Equivalence Scales of Sichuan --- p.35 / Chapter 3.4 --- Comparison with other studies --- p.36 / Chapter Chapter 4 --- Income Distribution in Sichuan from 1985 to1990 --- p.63 / Chapter 4.1 --- Trend of inequality in Sichuan from 1985 to1990 --- p.63 / Chapter 4.1a --- Inequality indices --- p.63 / Chapter 4.1b --- Trend of inequality in Sichuan from 1985 to1990 --- p.64 / Chapter 4.2 --- Trends of polarization in Sichuan from 1985 to1990 --- p.66 / Chapter 4.2a --- Polarization index --- p.66 / Chapter 4.2b --- Trends of polarization in Sichuan from 1985 to1990 --- p.67 / Chapter 4.3 --- Comparison of inequality with other studies --- p.68 / Chapter 4.4a --- Comparison of absolute inequality level --- p.68 / Chapter 4.4b --- Comparison of trend of inequality with other studies --- p.70 / Chapter Chapter 5 --- Contribution of Rural Industry to Inequality --- p.79 / Chapter 5.1 --- Factor Decomposition Rules of Inequality Indices --- p.79 / Chapter 5.2 --- Factor Contribution to Inequality --- p.81 / Chapter 5.2a --- Present Estimates of the Factor Contributions to Inequality --- p.81 / Chapter 5.2b --- Comparison of Factor Contribution to Inequality with Other Studies --- p.83 / Chapter 5.3 --- Breakdown of Factor Contributions to Inequality --- p.85 / Chapter 5.4 --- Contribution of Rural Industry to Inequality and Its Level of Development --- p.87 / Chapter 5.5 --- Household Non-agriculture Activities versus Wage Jobs --- p.88 / Chapter Chapter 6 --- Concluding Remarks --- p.108 / REFERENCES --- p.112 / APPENDIXES --- p.118 / Appendix 1 The Data Set --- p.119 / Chapter A1.1 --- The Data Set --- p.119 / Chapter A1.2 --- Data Validation --- p.122 / Chapter A1.3 --- Adjustment of the Data Set --- p.123 / Appendix 2a Notations of the Equations in the Text --- p.130 / Appendix 2b Notations in the Text --- p.132 / Appendix 3 Gini Index and the Class of General Entropy Indices --- p.133
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Wives as breadwinners: a study of spousal relations in urban Northeast China. / CUHK electronic theses & dissertations collectionJanuary 2012 (has links)
In the past 30 years, China's economic reforms have forced many state-owned factories (SOEs) to collapse, and both men and women workers were dismissed. In urban Northeast China many laid-off women were able to find employment in the service industry and small-scale private businesses, while their husbands had difficulty finding a satisfactory job. As such, the wives became breadwinners of the families. Based on fieldwork data collected through face-to-face interviews, focus group interviews and participant observation, this study examines resultant spousal relationships in the aspects of family finance, domestic division of labor, power relations, and foundation of marriage, as the husband and wife swapped their economic roles at home. This study finds that when women control more economic capital than men in the nuclear family, domestic division of labor, power relations and affection between couples all tend to be more egalitarian. However, the concept of a male-breadwinner family and the gender segregation of space are still popular on material and social levels. Thus without corresponding changes on the ideological level regarding gender, patriarchy will remain dominant on the community and national levels. Analysis on spousal relationships shows that the economic, political and emotional aspects of marriage are interconnected and interactive, and they work together to decide how spousal relationships may be altered in times of rapid social transformation. In the era of market economy, family and marriage values are diversified, and marriage tends to be less stable. However, this study finds that the integrity of family and marriage has been kept in the laid-off workers' families even when spousal relationships face serious challenges caused by unemployment. The reason is that these laid-off workers have formed their gender identities during the socialist era which emphasized the integrity of family and marriage. In the market era, laid off workers have maintained these values and upheld the integrity of marriage and family as the fundamental standard for being a good man or good woman. In this process, spousal relationship becomes a mechanism of governance by making individuals gendered subjects. / Lu, Ming. / Thesis (M.Phil.)--Chinese University of Hong Kong, 2012. / Includes bibliographical references (leaves 161-176). / Electronic reproduction. Hong Kong : Chinese University of Hong Kong, [2012] System requirements: Adobe Acrobat Reader. Available via World Wide Web. / Abstract --- p.i / Acknowledgements --- p.iii / Chapter Chapter 1 --- Introduction --- p.1 / Background --- p.1 / Literature review --- p.11 / Methodology --- p.25 / Structure of thesis --- p.28 / Chapter Chapter 2 --- Family & Marriage in China --- p.31 / The patricentric Chinese family as ideology and praxis --- p.31 / The family and marriage under state feminism --- p.39 / The family in Post-Mao China --- p.47 / Chapter Chapter 3 --- Dealing with Financial Crisis at Home --- p.56 / Xiagang as a gradual process --- p.56 / The genderedness of re-employment & wives as breadwinners --- p.69 / Besieged masculinity --- p.75 / Women’s success in small-scale private businesses --- p.79 / Chapter Chapter 4 --- Whose Work Is It? --- p.86 / State feminism vs. housework --- p.86 / Childcare: work and authority --- p.96 / The praxis of family authority --- p.100 / Chapter Chapter 5 --- Changing Foundation of marriage --- p.113 / Obliged freedom: Match-making and marriage in the 1970-80s --- p.114 / Marriage and unemployment --- p.122 / Companionship in marriage vs. obliged couples --- p.136 / Chapter Chapter 6 --- Conclusion --- p.144 / References Cited --- p.161
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Poverty among rural migrant children in India and China : a comparative study of two citiesGoodburn, Charlotte Elizabeth Louisa January 2011 (has links)
No description available.
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Foreign direct investment in China : determinants, effects and efficiencyHo, Owen Chih-Hung January 2007 (has links)
China's phenomenal economic growth has coincided with a substantial increase in FDI inflows and hence led researchers, including the author, to believe that increased inflows of FDI into China has had important implications for the country's trade and economic development over the past decades. The objective of this thesis is to identify and investigate several key issues associated with inward FDI in the Chinese economy. These include the determinants of FDI inflows at the sectoral level, spillover effects of FDI on labour productivity and innovation, the causal linkage between FDI and China's bilateral trade with selected OECD countries, and the performance of foreign funded enterprises (FFEs) compared to the performance of state-owned enterprises (SOEs) in China. This thesis adds to the existing research on the role that FDI has played in recent growth of the Chinese economy by applying new as well as established techniques to China's regional and sectoral data. In particular, it integrates descriptive and empirical analysis to extend existing studies in several ways. First, analyses in the empirical chapters of this thesis are undertaken using data at the regional and sectoral level. Second, this thesis uses panel data from official sources for all empirical examinations. Last, whereas most existing studies have ignored the importance of unit-root issues when using panel data, and therefore possibly producing unreliable results, this thesis employs unit-root tests for all panel data analyses. The key findings in this thesis can be summarized in four points. First, at the sectoral level, for China as a whole, foreign investors are influenced by labour productivity, wage costs and innovation activities but not by the level of state ownership. For Guangdong province, foreign investors are concerned with labour productivity and wages as well as state ownership at sectoral level. However, the level of innovation does not play an important role in influencing inflows of FDI into Guangdong province at sectoral level. Second, the thesis found that FDI generates spillover effects on labour productivity in China although no spillover effects on the level of innovation were detected. At the regional level, it was concluded that the coastal and western regions experience a greater amount of spillover effects from FDI than do the municipal cities. Furthermore, the western region is the only region that experiences greater spillover effects from FDI on innovation than the municipal cities. Also, the spillover effects of FDI appear to be no different prior to or post-1997 when the Asian financial crises occurred. Third, a co-integrating relationship exists between FDI and total trade, FDI and exports, and FDI and imports in China. The thesis further concluded that bidirectional causality between FDI and trade variables exists in China in the long-run. However, short-run causality runs only from FDI to trade. Fourth, the thesis further shows that FFEs in China are more efficient than SOEs. Over time it is observed that SOEs and FFEs in the municipal cities and the coastal regions experienced greater productivity gains than those in the central and western regions during the sample period. It is also concluded that both SOEs and FFEs in the municipal cities have experienced more productivity growth than those in other regions with SOEs in the central region and FFEs in the western region experiencing the least productivity growth.
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Electric vehicles in China : past, present and futureZhang, Zichen January 2015 (has links)
As the world's major car-producing countries and companies are increasing research and development efforts on vehicle electrification, electric vehicles (EVs) are developing rapidly from the development and testing stage to commodity production and application stage. As the largest global vehicle manufacturer and new vehicle market, China has considered the EV as one of the key tools to solve the increasing energy security issues and environmental pollution issues in the road transport sector. However, as a new market, what the challenges and key factors are in the EV promotion process is still not clear. The main objective of this dissertation is to answer this question through evaluating the effectiveness of EV development in China on energy savings, environment protection and policy demonstration. Instead of covering all determinants, this dissertation mainly focuses on four key aspects: the current statues and issues surrounding China's EV development and promotion; the energy consumption and carbon emissions of EVs based on the power mix both at the state level and regional level; the potential diffusion trend of the EV penetration and the sensitivities of the key impact factors; and the evaluation of the effectiveness of the EV demonstration program in China. Applying a mix of qualitative and quantitative research methods (such as lifecycle analysis, diffusion model and evaluation framework), this dissertation found that, in addition to the technology limitation of the EV, there are still many issues surrounding the environmental, industry, infrastructure and policy aspects, which have hindered EV development in China. To accelerate EV promotion, more comprehensive and diversified policy strategies should be developed instead only focusing on the financial subsidies. The charging infrastructures, for example, showed a more important role in EV penetration than the pricing factors, based on current market conditions. For the energy and environmental motivations, although the pure battery EV (BEV) can achieve a great reduction in fossil energy consumption, its benefits in carbon emission savings is not obvious due to China's heavy reliance on coal-fired power generation. The plug-in hybrid EV (PHEV) seems to be the right choice as a transit technology, according to its performance with emission savings in the current market situation. An evaluation framework has been developed in this dissertation to discuss the effectiveness of the EV demonstration program in China, and help to guide a more balanced development of EVs by considering comprehensive aspects, which include the EV industry, market conditions, policy support, and environmental impacts. Ultimately, this dissertation provides recommendations for the policy implementation for developing a diversified and flexible policy strategy for the EV penetration in China based on different technology choices (EV types), different situations (national and regional) and different timelines (short-term, mid-term and long-term).
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China's embrace of Taiwan : Taiwanese manufacturing and services industries in the Yangtze River and Pearl River Deltas of ChinaChiu, Jen-Ping January 2011 (has links)
Interaction between Taiwan and China has increased remarkably in recent decades. From being complete enemies in 1949 to the momentum created by the Economic Cooperation Framework Agreement in 2010, both countries have come a long way. This thesis focuses on the extent of interaction and cooperation between businesses and Chinese local authorities in the Chinese Yangtze River Delta (YRD) and Pearl River Delta (PRD) and their impact on Taiwanese investment. The Chinese central government has expressly set out its policies of encouragement of specific preferential treatment, and the researcher seeks to answer: to what degree in fact local governments share central government objectives and implement such preferential policies in their areas (including by way of their own policies), and what are the factors governing their decisions. It also explains how the local authorities and local Taiwanese investors (taishang) have interacted. To that end, it analyses an important set of relationships: that between Chinese central and local governments; between the Taiwanese government and Taiwanese business elites; and between Taiwanese investors and Chinese local governments in the YRD and PRD. This study places trans-border interactions in the context of globalization, regionalism and economic integration. China's overriding goal of uniting Taiwan with the PRC has remained constant but the method of achieving this objective has modified, adapting to the global environment, and its vision of a growing economy through its more recent national plans. Emphasis is now on greater economic linkages with Taiwan's economy, thus creating Taiwanese dependence on China's prosperity. Beyond economic reasons it is also hoped that greater connections between Chinese and Taiwanese will strengthen their sense of shared identity, thus making for unification via a "soft landing". This thesis examines the opportunities and constraints that Taiwanese businesses in the YRD and the PRD have in practice encountered, in order to determine whether Chinese local bureaucrats are a help or hindrance in this broader political objective of preferential treatment. It compares Taiwanese businesses with other overseas investors in both secondary and tertiary sectors in the two localities. The research methodology used has included semi-structured elite interviews in China and Taiwan between 2008 and 2010 with relevant decision-makers, namely Taiwanese investors, non-Taiwanese foreign investors, Chinese and Taiwanese government officials. In order to obtain qualitative insights into Chinese local authorities' viewpoints, attitudes and strategy of their approaches to the Taiwanese businesses in China, as well as knowledge of how Taiwanese businesses develop their business activities in China, the main method of data collection in this thesis is therefore in the form of elite interviews. The research concludes that while Taiwanese investors generally do get preferential treatment from Chinese local governments as compared with other investors, there is no general rule which can give them assurance of this. From an examination of several criteria influencing local governments, it seems that much depends on personal relations (guanxi) with Chinese officials, Chinese society being still heavily influenced by traditional attitudes and relationships. Further, the application of laws is still guided by 'rule of man' instead of 'rule of law'. Company location, size and type of industry are other important factors in the application of the preferential policies. Moreover, the incentives that Taiwanese investors have previously received are gradually decreasing, mainly for two reasons. One is the evolution of Chinese central government's plans, aiming to achieve their objectives for economic development of the country, while also making for a wider distribution of wealth and giving greater support to Chinese domestic companies. The other is because of the increased role of local governments, allowing them to set their own initiatives; their response is found to have been to put their localities' interests first and act more independently and pragmatically to changes in their local circumstances. This thesis has made a contribution to the application of methodology by its in-depth analysis and diversity of people interviewed, and to existing literature by exploring the less-developed area of cross-strait political economy studies. However, the qualitative nature of this study and its reliance on a situation which is subject to constant change provide room for further examination by others with different backgrounds or may usefully be looked at again in the light of additional information, such as larger samples of interviews, a different methodology such as quantitative methods, different variables such as Chinese domestic companies, different regions of China, or developments in the countries and regions under study.
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The potential liberalization of the Chinese monetary system and the impact on South AfricaVan der Waal, Cornelis 12 1900 (has links)
Thesis (MBA)--Stellenbosch University, 2005. / ENGLISH ABSTRACT: China has experienced phenomenal economic growth over the past 20 years and has
developed from a pure socialist economy into a market driven economy_ However the
transfonnation process is not yet complete. China has a pegged currency system (this was the
case up until 2110712005) that is coupled to the US dollar. The result of this was that their
currency fluctuated much less than other developing country currencies and hence became a
very attractive investment destination. In addition to this labour in China is very cheap and
access to economies of scale is available. But despite the many positive aspects of the Chinese
economy there are also a number of elements that have very negative consequences for the
economy and need to be addressed if China wishes to create prosperity for all its citizens.
The value of the yuan has been a topic of great contention, and there are very different
opinions as to what the currency value should be. After careful consideration of the various
options available to China it was assessed that it would be highly detrimental for China to
suddenly free float its currency. However it is essential for China to gradually liberate their
monetary system so as to create more monetary autonomy. To ensure that liberalization is
done in an orderly and non~djsruptjve way, it is important that China refonns other aspects of
its economy (such as its banking system, its unprofitable state owned enterprises, its need for
energy, income inequality, the protection of intellectual property, its legal system, worker
rights and growing unemployment).
South Africa, as an emerging economy, also faces a number of challenges to create more
opportunities for its people (of whom many are still living in poverty). Obstacles to economic
growth include the effects of HN and AIDS, low productivity, discrepancy between the
available and the needed skills, unemployment, crime and so forth. A number of positive
aspects also exist that need to be harnessed more creatively to ensure that South Africans reap
the rewards of sustained economic development. However, it is important that all the people
in the economy (i.e. government, business, communities and NGOs) work together to create a
positive business environment. / AFRIKAANSE OPSOMMING: China het indrukwekkende ekonomiese groei oor die afgelope 20 jaar ervaar en het ontwikkel
van 'n sosiale ekonomie tot 'n markgedrewe ekonomie. Die transforrnasie proses is egter nog
nie voltooi nie. China het 'n gekoppelde geldeenheid (dit was die geval tot en met
21107/2005) wat aan die Amerikaanse dollar gekoppel was. Die resultaat was dat hulle
geldeenheid minder gefluktueer het as ander ontwikkelende ekonomiee, en China het dus 'n
gesogte beleggingsoord geword. Daarmee saam is die koste van arbeid in China baie
goedkoop en kan daar van skaalvoordele gebruik gemaak word. Maar ten spyte van die
positiewe aspekte. is daar ook 'n aantal elemente wat baie negatiewe gevolge vir die
ekonomie inhou en wat aangespreek moet word as China voorspoed vir al sy landsburgers wil
verseker.
Die waarde van die Chinese yuan is die afgelope paar jaar 'n onderwerp van omstredenheid
gewees wat baie verskillende opinies oor die werklike waarde van die eenheid tot gevolg
gehad het. Na die oorweging van die verskeie opsies wat beskikbaar is vir China, is bevind
dat 'n skielike vrystelling van die yuan baie negatiewe effekte op die ekonomie sal hê. Maar
dit is belangrik dat China weI hul geldeenheid geleidelik liberaliseer sodat die regering meer
outonomiteit kan hê (in terme van monetere besluitneming). Om te verseker dat die
liberalisering op 'n ordelike en nie-ontwrigtende manier sal plaasvind nie, is dit belangrik dat
daar ook liberalisering plaasvind in ander areas van die ekonomie (soos die bankstelsel, die
nie-winsgewende staatsbeheerde besighede, die gebruik van energie, inkomste ongelykheid,
die beskenning van intellektuele eiendom, die regstelsel, werkersregte en die groeiende
werkloosheid).
Suid-Afrika, as 'n ontluikende ekonomie, het ook 'n aantal uitdagings wat oorkorn moet word
indien volhoubare ekonomiese groei behaal wil word. Hindemisse tot ekonomiese groei sluit
in MIV en VIGS, lae produktiwiteit, die wanverhouding tussen benodigde en beskikbare
vaardighede, werkloosheid, misdaad en ander sosiale probleme. Daarteenoor is daar wel baie
positiewe aspekte wat meer effektief benut moet word om groei te dryf. Dit is ook baie
belangrik dat al die kernpelers in die ekonomie hul kant bring (dus die regering,
georganiseerde besigheid, werkers, werkloses en gemeenskapsorganisasies).
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Zen and the art of banking : a critical review of the Chinese banking sectorBurden, Kevin 03 1900 (has links)
Thesis (MA (Political Science. International Studies))--University of Stellenbosch, 2006. / This study examines, broadly put, why the banking sector in China has not performed as well as
other sectors of the economy when compared to international competitors, given that the
economy as a whole has been performing so exceptionally at the time of writing and has been
for the past two decades. The investigation examines reforms over the past twenty-six years to
provide background to the issue as well as taking a view on the Chinese accession to the World
Trade Organisation in 2001, providing analysis as to the effects of this accession as well as
viewing the undertakings China has made, in general and specific to the banking sector, in terms
of World Trade Organisation membership.
The methodology employed is descriptive and explanatory in nature and information is sourced
from existing academic writing as well as from banking industry publications and research. The
source of information for the study is mainly of a qualitative nature, including historical and
historical comparative information. Furthermore, the research forms applied research in that it
seeks to bring together previous basic and exploratory research in order to identify specific
problems and present potential solutions.
Findings in the research include the burdensome effects of state-owned enterprises on the
banking sector’s largest constituents, problematic aspects of endemic non-performing loans and
a culture of lapsing debt in China as well as problems regarding political interference in the
banking sector by the state and local authorities. Further problems identified include reporting
and supervisory concerns, taxation treatment problems and a lack of risk-based commercial
lending criteria in big Chinese banks. Analysis is provided into the effect of current and past
restrictions in the sector, the development and reform model China is using to globalise its
banks and the 2005 investment surge into China’s bank.
Recommendations are made regarding the foreign ownership of the Chinese banking sector,
state recognition of bad-debts as state loans, debt-management through asset management
companies and reform of the state-owned enterprises and the problems inherent to this initiative.
Finally, recommendations as to the role of the regulator and the challenge of political will are
highlighted.
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