China as a Leader of the World Economy FGVEPGE中国作为一个世界经济的领导者fgvepge.ppt

下载文档 降价啦

13
0
约8.46千字
约 19页
2016-12-30 发布于上海
举报
版权申诉
保障服务

China as a Leader of the World Economy FGVEPGE中国作为一个世界经济的领导者fgvepge.ppt

1、本文档共19页，可阅读全部内容。
2、原创力文档（book118）网站文档一经付费（服务费），不意味着购买了该文档的版权，仅供个人/单位学习、研究之用，不得用于商业用途，未经授权，严禁复制、发行、汇编、翻译或者网络传播等，侵权必究。
3、本站所有内容均由合作方或网友上传，本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺！文档内容仅供研究参考，付费前请自行鉴别。如您付费，意味着您自己接受本站规则且自行承担风险，本站不退款、不进行额外附加服务；查看《如何避免下载的几个坑》。如果您已付费下载过本站文档，您可以点击这里二次下载。
4、如文档侵犯商业秘密、侵犯著作权、侵犯人身权等，请点击“版权申诉”（推荐），也可以打举报电话：400-050-0827(电话支持时间：9:00-18:30)。

China as a Leader of the World Economy Gregory C Chow Princeton University March 2011 * Outline 1. How did China manage to grow so rapidly 2. China’s Economic Strength 3. Comparing Chinas market institutions with US institutions 4. Chinas short-term economic policies 5. China’s long-term economic policies 6. Role of China as a leader in the world economy * 1. How did China manage to grow so rapidly Three fundamental factors contributing to rapid economic growth: high-quality human capital; functioning market institutions; early stage of development that enables China to catch up. Government policy of gradualism for reform correct, part of human capital. Today it is entrepreneurship that propels China economic changes and innovations. Growth will continue as long as the three fundamental factors remain, given political stability, also part of human capital. * 2. Chinas economic strength GDP to exceed US in the current decade In 2010 Chinas GDP equaled to .692 of the US GDP in purchasing power parity as IMF and World Bank estimated. From 2011 assume US real GDP to grow as much as 3.5 percent per year, and Chinas GDP to grow at 8 percent per year. By 2019 China’s GDP will exceed the US GDP. * Other signs of China’s economic strength In technology it has the fastest supercomputer. In 2011 China will file more patents than the US. In the production of alternative energy, it is the worlds largest producer of wind energy, nuclear energy and solar panels. Consumer goods produced by China flood the world market. Chinese tourists are seen travelling all over the world and making expensive purchases. From mostly receiving foreign investment China has increased its investment abroad rapidly. * 3. Chinas market institutions as compared with the US institutions US institutional weaknesses as shown by the housing bubble and economic downturn. US financial institutions allowed to take too much risk in the trading of derivatives and in packaging home mortgages as securities f