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China’s Structural Reforms and Implications for Northeast Asia

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Reform, Opening-up and China's Changing Role in Global Governance

Abstract

Chinese economy entered the New Normal since 2010. The economic growth rate started to slow down. A number of structural reforms have been implemented by Chinese government to echo the changed economic growth pattern and bring further impact to economic growth in middle and long run. This chapter reviews the factors that contribute to the slowing down of economic growth and summarizes the growing economic and social risks to discuss the necessity of the structural reforms. It then introduces the structural reforms implemented in China, discusses the value and challenges of regional economic integration and cooperation for China, with a special attention to the impact of international economic cooperation in northeast Asia on Northeastern China. The contribution of the chapter is that it analyzes the reality of economic and social problems of current stage in details, and illustrates the logic of international cooperation that China has been expecting, proposing and implementing.

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Notes

  1. 1.

    “24 Provinces Increased Their Minimum Wage Standard By 22 Percent Averagely; Inflow of Social Security Fund is Higher Than Expenditure.” http://finance.sina.com.cn/roll/20120101/024511112539.shtml. Published on January 1, 2012. Accessed on September 20, 2017.

  2. 2.

    A disturbance happened in 2012, which is believed to be caused by some change in statistical method adopted by NBS in 2012. (http://data.stats.gov.cn/easyquery.htm?cn=C01).

  3. 3.

    News “Huangshi City has won the first battle on pollution management”, http://www.ecz.gov.cn/wzlm/zwdt/qsczxwlb%20/hs/50431.htm. Published August 18, 2014. Accessed October 10, 2017.

  4. 4.

    http://jjsx.china.com.cn/lm2430/2014/234342.htm.Published November 23, 2014. Accessed October 10, 2017.

  5. 5.

    News “China corporate debt levels excessively high, no quick fix: Central bank gov”,https://www.reuters.com/article/us-china-economy-debt-idUSKBN1AP0FS. Published March 9, 2017. Accessed September 12, 2017.

  6. 6.

    “National Bureau of Statistics: Gini Coefficient in 2016 was 0.465, Higher than the value in 2015”, http://www.chinanews.com/cj/2017/01-20/8130559.shtml. Published on January 20, 2017. Accessed on October 10, 2017.

  7. 7.

    In special cases, a second child standard can be applied, such as, if the couple are of an ethnic minority, if the first child had a disability, etc.

  8. 8.

    News “Ministry of Human Resources and Social Security: Cutting Down Capacity, 726,000 Workers Replaced in 2016 and 500,000 Replaced in 2017”, http://news.sina.com.cn/o/2017-03-01/doc-ifyazwha3352627.shtml.

  9. 9.

    News: “ZHANG Yunling: Japan should change its ‘resist as long as China related’ attitude, China should change its ‘no need to cooperate with Japan’ attitude”, http://www.sohu.com/a/76747430_362017. Published on May 23, 2016. Accessed on September 15, 2017.

  10. 10.

    News "Assessment Report of Business Environment in Shenyang Published; Finding Out Gap with the Advanced Using 10 Indicators"("沈阳市营商环境评估报告发布 10 大指标对标先进找差距"), http://www.myzaker.com/article/58cc7dbc1bc8e0ff6500000b/. Published March 18, 2017. Accessed Oct. 20, 2017. News"Precisely comparing with and targetting the advanced, focusing specific details, and fully speeding up services" ("精准对标先进聚焦具体细节服务全面提速"), http://www.shenyang.gov.cn/zwgk/system/2017/03/02/010174827.shtml. Published March 2, 2017. Accessed Oct. 10, 2017.

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Authors and Affiliations

  1. Institute of World Economics and Politics, Chinese Academy of Social Sciences, Beijing, China

    Yuyan Zhang

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  1. Yuyan Zhang
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Correspondence to Yuyan Zhang .

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Zhang, Y. (2021). China’s Structural Reforms and Implications for Northeast Asia. In: Reform, Opening-up and China's Changing Role in Global Governance. Springer, Singapore. https://doi.org/10.1007/978-981-33-6025-9_5

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  • DOI: https://doi.org/10.1007/978-981-33-6025-9_5

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  • Publisher Name: Springer, Singapore

  • Print ISBN: 978-981-33-6024-2

  • Online ISBN: 978-981-33-6025-9

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