Presenting original work and new thinking on a wide range of important issues, the book explores the current state of globalization, competition and growth in China. China has produced an economic miracle since the late 1970s in its transition from a planned to a market economy. This remarkable economic performance was brought about by an open-door policy and gradual integration with the world economy, culminating in China’s admission into the World Trade Organisation in 2001. Studies included in this book focus on issues such as foreign direct investment, international trade, reforms in the financial sector, the development of rural township and village enterprises, the investment strategies of multinational corporations, and economic growth.
Author(s): Shujie Yao, Jian Chen
Edition: annotated edition
Year: 2006
Language: English
Pages: 400
Book Cover......Page 1
Half-Title......Page 2
Series-Title......Page 3
Title......Page 4
Copyright......Page 5
Contents......Page 6
List of figures......Page 11
List of tables......Page 13
Preface......Page 16
Notes on the contributors......Page 18
Abbreviations......Page 25
Introduction......Page 28
Part I Financial sector reforms......Page 40
1 Board characteristics as corporate governance mechanisms: Evidence from china's real estate stock companies......Page 42
2 Financial sector reforms and economic growth in china......Page 68
3 WTO challenges and efficiency of chinese banks......Page 83
4 Do chinese stock markets share common information arrival processes......Page 104
5 The impact of capital structure on agency costs in chinese listed firms......Page 121
6 Stock or cash divendends: The current dividend pattern of chinese listed companies......Page 138
Part II FDI and Globalization......Page 150
7 The ecnomic impact of china's emergence as a major trading nation......Page 152
8 The impact of FDI on ecnomic growth in china's regions......Page 172
9 Exports, FDI, linkages and regional disparities in china......Page 190
10 Competitive strategy – differentiation of multinational enterprises in china: Case studies of American, European and Japanese automoblie enterprises......Page 209
11 China's joint venture accounting reforms......Page 235
Part III Ecnomic development and policy......Page 254
12 The impact of monetary variables on the price level during inflation and deflation periods in china......Page 256
13 China's rural economy and the path to a modern industrial state......Page 271
14 Domestic price integration and ecnomic performance in china......Page 300
15 Urban unemployment in china: Some stylized facts......Page 325
16 Crossing which river and feeling which stones? China's transition to the 'New economy'......Page 335
17 TVE development in china: Lesson from golden cat cement......Page 360
Index......Page 380
