Description
"This book presents a wide-ranging assessment of the current state of China's economy in relation to the global international economy. It discusses the role China has played in responding to the economic crisis; assesses the continuing strong prospects for further economic growth in China; and examines China's deepening integration into the world economy. Specific topics covered include China's foreign reserves and global economic recovery; the international expansion of Chinese multinationals and China's private businesses; and the role of technological innovation in China's economic growth. Overall, the book provides a wealth of detail and up-to-date insights concerning China's development path, growth potential and sustainability."--Publisher's description.
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Scholars mostly of economics, but also management and political science, examine how the financial crisis that began in 2007 impacted China, Chinese responses to the crisis at the national and company levels, and the potential and sustainability of the Chinese economy that emerged. The topics include China's battle against the global economic crisis, evidence from China during the crisis for guanxi (network capitalism) as a competitive advantage during economic crises, how Chinese companies use tax havens and offshore financial centers, dragon multinationals in Italy as an illustration of Chinese overseas direct investment, and bank efficiency and productivity growth in Hong Kong and Macao. The 15 papers were selected from 450 presentations at the 2010 annual meeting of the Chinese Economic Association, held jointly at Oxford and Peking Universities. Annotation ©2012 Book News, Inc., Portland, OR (booknews.com)
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