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China’s Economic New Normal

Growth, Structure, and Momentum

  • Book
  • © 2020

Overview

Editors:
  1. Fang Cai

    1. Chinese Academy of Social Sciences, Beijing, China

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  • Emphasizes the popular term “new normal” with regard to China’s economy
  • Provides a comprehensive analysis of China’s economic new normal from different perspectives
  • Features leading scholars in the field of economics in China

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Table of contents (15 chapters)

  1. Front Matter

    Pages i-x
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  2. New Normal Brings New Opportunities

    • Fang Cai
    Pages 1-4

  3. Understanding and Adapting to the New Normal

    • Yang Li
    Pages 5-12

  4. The Inevitability of the New Normal

    • Shijin Liu
    Pages 13-19

  5. Global Economic Outlook in the Era of China’s New Normal

    • Haizhou Huang
    Pages 21-25

  6. Global Competition in Reform Under the New Normal

    • Xiaojing Zhang
    Pages 27-33

  7. Structural Adjustments Under the New Normal

    • Tao Sun
    Pages 35-52

  8. China’s New Normal and Deceleration Governance

    • Ping Zhang
    Pages 53-64

  9. Aspects of the Middle Income Trap

    • Zhizhong Yao
    Pages 65-78

  10. Positive Changes in China’s Economic Structure

    • Yiping Huang
    Pages 79-85

  11. Productivity Under the New Normal: Latest Estimates and Interpretations of China’s Total Factor Productivity

    • Harry X. Wu
    Pages 87-111

  12. New Trends and Determinants of China’s Income Gap

    • Juzhong Zhuang
    Pages 113-121

  13. Changes in China’s Labor Share: Estimation and Interpretation

    • Juwei Zhang
    Pages 123-131

  14. Reform the Distribution System to Boost the Growth of Consumption

    • Shi Li
    Pages 133-144

  15. Income Distribution and Economic Transformation

    • Li Gan
    Pages 145-155

  16. The Potential Growth Rate of the Chinese Economy

    • Fang Cai, Yang Lu
    Pages 157-165
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Keywords

About this book

This timely volume on China’s economic “New Normal” features articles by leading scholars from the Chinese Academy of Social Sciences and other research institutions across the country. A broad range of perennial as well as hot-bottom topics related not just to economic growth but also to its social and political ramifications are covered, including patterns of growth, income distribution, domestic consumption, the global economic dynamics, and policy responses to these and other developments. Contributors not only combine theoretical and empirical analyses of these critical issues but also examine the historical background and the social context to what may be one of the most significant developments not just for China but also for the rest of the world.

Editors and Affiliations

  • Chinese Academy of Social Sciences, Beijing, China

    Fang Cai

About the editor

Fang Cai, Ph.D. in economics, is Vice President of Chinese Academy of Social Sciences (CASS), and has  been a visiting scholar at many  universities around the world. He served as  Director of the Institute of Population and Labor Economics at CASS between 1998 and 2014. Cai is also a delegate to the 18th National Congress of the Communist Party of China, the 12th National People’s Congress, and a standing committee member of both the National People’s Congress and Agriculture and Rural Affairs Committee.

Bibliographic Information

  • Book Title: China’s Economic New Normal

  • Book Subtitle: Growth, Structure, and Momentum

  • Editors: Fang Cai

  • Translated by: Fuyu Chen

  • Series Title: Research Series on the Chinese Dream and China’s Development Path

  • DOI: https://doi.org/10.1007/978-981-15-3227-6

  • Publisher: Springer Singapore

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: Social Sciences Academic Press and Springer Nature Singapore Pte Ltd. 2020

  • Hardcover ISBN: 978-981-15-3226-9Published: 12 March 2020

  • Softcover ISBN: 978-981-15-3229-0Published: 12 March 2021

  • eBook ISBN: 978-981-15-3227-6Published: 11 March 2020

  • Series ISSN: 2363-6866

  • Series E-ISSN: 2363-6874

  • Edition Number: 1

  • Number of Pages: X, 165

  • Number of Illustrations: 82 b/w illustrations

  • Topics: Economic Growth, Asian Economics, Asian Politics

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