The Evolving Role of China in the Global Economy
The Evolving Role of China in the Global Economy
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中国在全球经济中不断变化的角色
DOI：
10.7551/mitpress/9388.001.0001
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发表时间：
2012
期刊：
影响因子：
--
通讯作者：
D. Jakob
中科院分区：
文献类型：
--
作者：
Y. Cheung;D. Jakob
中国现在是世界第二大经济体，并可能很快超过美国成为世界第一大经济体。尽管采用了一些自由市场原则，中国仍认为自己是“社会主义市场经济”，这表明政府在国家经济发展中仍然发挥着重要作用。本书系统分析了中国经济快速增长的四个因素：汇率政策、储蓄和投资、货币政策和资本管制以及外国直接投资（FDI）。撰稿人就人民币低估、钉住美元以及中国与世界其他地区的宏观经济关系提供了新的视角。他们回顾了影响中国储蓄动态的因素，并分析了尽管获得外部融资的机会有限，但私营部门的增长。他们研究了中国人民银行的货币政策独立性、人民币离岸市场以及中国资本管制的有效性。最后，他们从中国对能源和原材料日益增长的需求的角度来考虑中国的外国直接投资，探讨了推动中国对传统石油生产国和非洲的外国直接投资的因素。
China is now the world’s second largest economy and may soon overtake the United States as the world’s largest. Despite its adoption of some free-market principles, China considers itself a “socialist-market economy,” suggesting that the government still plays a major role in the country’s economic development. This book offers a systematic analysis of four factors in China’s rapid economic growth: exchange rate policy, savings and investment, monetary policy and capital controls, and foreign direct investment (FDI). Contributors offer fresh perspectives on the undervaluation of the renminbi, the dollar peg, and China’s macroeconomic relationships with the rest of the world. They review factors shaping China’s saving dynamics and analyze the growth of the private sector despite limited access to external finance. They examine the monetary policy independence of the People’s Bank of China, offshore markets for China’s currency, and the effectiveness of China’s capital controls. Finally, they consider Chinese FDI in terms of China’s growing demand for energy and raw materials, exploring the factors that drive China’s FDI in the conventional oil-producing countries and in Africa.