This book explores the great transition of China from a subsistence agrarian economy to a technologically driven economic powerhouse which reflects the achievements of the hardworking Chinese people. China continues to grow as the second largest economy of the world from 2010 onwards. It is going to be the largest economy in the world by putting US economy behind. The Chinese GDP has increased of 1,500 times from 1952. This book examines the transformation of China and its economic growth is neither miraculous nor a product of market economy. Further, this book states economic development in China as a product of political pursuit shaped by the Chinese people led by the Communist Party of China from 1921 onwards. China is not only the workshop of the world today but also works as the engine of global economic growth and recovery of crisis ridden global economy. This book also shows how phenomenal Chinese economic growth and development led to the significant fall of poverty in China.This book states that the prosperous transition in China continues to show features of combined and uneven development. This is evident as China has largest billionaires, but many people still live and practice subsistence economy. However, many Chinese do not have access to clean air, water, sanitation and dignified sources of livelihoods. This book shows the social, economic and political inequalities as hindrances to deepening of democratic and egalitarian development in China. This book states that the gender gap and widening gap between urban and rural China are twin serious challenges to progressive transformations in China. The Chinese state and government are trying to implement different policies and programmes to overcome these challenges.
Author(s): Bhabani Shankar Nayak
Publisher: Springer
Year: 2023
Language: English
Pages: 149
City: Singapore
About This Book
Contents
Editor and Contributors
1 Introduction: China—Challenges of the Great Transition
International Campaign to Undermine Chinese Path of Development
Future of Chinese Transition
References
2 Two Decades of Fiscal Decentralization and Regional Economic Growth in China
Introduction
Theory of Endogenous Growth
Stages of Fiscal Decentralization
Chinese Theory of Fiscal Decentralization
Fiscal Decentralization and Economic Growth
Fiscal Decentralization and Economic Growth in China
Methods to Study the Impact of Fiscal Decentralization on Economic Development
Description of the Data
Setting of the Benchmark Panel Model
Regional Differences in the Impact of Fiscal Decentralization on Economic Growth
Panel Models
Sub-regional Results
Conclusion
References
3 Regional Financial Development and Economic Growth in China: A Study of Guangdong–Hong Kong–Macao Greater Bay Area
Introduction
Financial Development and Economic Growth
Financial Development and Economic Growth
Economic Growth Contributes to Financial Development
No Positive Impact of Financial Development on Economic Growth
Dual Causality Between Financial Development and Economic Growth
Complex Relationship Between Financial Development and Economic Growth
Theories of Financial Development
Performance of Economic Growth of the Greater Bay Area
Financial Development of the Greater Bay Area
Financial Development and Economic Growth in the Greater Bay Area
Conclusions
References
4 Impact of Financing on Investment in Chinese SMEs During Financial Crisis
Introduction
Investment and Financing of SMEs
Capital Structure and Financing Preferences of SMEs
Source of Financing for SMEs
Conceptual Frameworks for Financing of SMEs
Investment in SMEs
Methods to Study Financing of SMEs
Analysis of the Chinese SMEs
Data Source
Summary Statistics
Correlation Analysis
Findings of the Study
Conclusions
References
5 Impact of the COVID-19 on Banks in China
Introduction
History of the Chinese Banking System
Impact of COVID-19 on the Chinese Banking Sector
Methodological Framework of the Study
Study Variables
Data Collection
Models
Context of the Study
Analysis and Findings
Analysis of Data Results
Analytic Models
ICBC (Industrial and Commercial Bank of China)
CCB (Chinese Construction Bank)
BOC (Bank of China)
ABC (Agricultural Bank of China)
BOCM (Bank of Communications)
Conclusions
References
6 Chinese Female Athletes and the Expansion of Business in Wuhan Province
Introduction
Female Athletes and Business Value
Business Value of International Female Athletes
Factors Influencing the Business Value of Sports Athletes
Marketisation and Commercialization of Sports
Match Between Athletes and Business Value of the Project
Individual Sports Performance of Athletes
Individual Sports Characters of Athletes
Channels of the Business Value Expression
Special Impacts
Role of Female Athletes in the Expansion of Business Value
Female Athletes in Social Media and Advertising
Female Athletes in China in Social Media and Advertising
Chinese Female Athletes and Business Value
Formation of Li Na’s Business Value
Outstanding Performance in a Competition Acts as the Initial Foundation for Business Value
A Positive Personal Brand Contributes to a Higher Business Value
The Expert Business Value Operation Team Has Assisted the Value Enhancement
The Market in China
National Sports System and the Growth of Athletes’ Business Value
Business Value of Chinese Female Athletes
Current Status of the Business Value of China’s Female Athletes
Strategies to Enhance the Business Value of Chinese Female Athletes
Conclusion
References
